Minnesota Lake, MN
Full City Profile · Minnesota · Faribault County County
Minnesota Lake, MN
At a Glance
How Minnesota Lake Compares to the U.S. Average
Each bar shows Minnesota Lake's value as a percentage of the national average (100% = U.S. avg)
Is Minnesota Lake a Good Place to Live?
Economy & Jobs
Minnesota Lake residents earn a median household income of $62,875 , which is 16% below the national average of $75,149. Per capita income is $35,508. The unemployment rate stands at 3.9% (8% above the U.S. rate of 3.6%). 9.8% of residents live below the poverty line. The area is home to 492 business establishments, including 34 restaurants.
Housing & Cost of Living
The median home value in Minnesota Lake is $126,600 , 55% below the national median of $281,900. Zillow estimates the typical home at $211,314. Median rent is $950/month, with 35.3% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1961.
Safety & Crime
Minnesota Lake reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 152/100K.
Education
18.7% of adults in Minnesota Lake hold a bachelor's degree or higher (45% below the national average). 92.2% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Minnesota Lake has an average annual temperature of 46°F (8°C). Winters average 14°F in January while summers reach 72°F in July. Annual precipitation totals 34.5 inches.