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Minnesota Lake, MN
Full City Profile · Minnesota · Faribault County County
3.5
/5.0
B+
Good
621
Population
383/sq mi density
$62,875
Median Income
$35,508 per capita
$126,600
Home Value
$197,123 Zillow
$950
Median Rent
35.3% income on rent
46°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$62,875 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$126,600 home value, $950/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.5 / 5.0
18.7% bachelor's degree or higher
Income Overview
Median Household Income
$62,875
16% below
US avg: $75,149
Per Capita Income
$35,508
9% below
US avg: $39,052
Unemployment Rate
2.5%
31% below
US avg: 3.6%
Poverty Rate
9.8%
21% below
US avg: 12.4%
Income Comparison: Minnesota Lake vs. U.S. Average
Each bar shows Minnesota Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$62,875
84%
Per Capita
US: $39,052
$35,508
91%
IRS Avg AGI
US: $72,000
$64,356
89%
Avg Weekly Wage
US: $1,432
$998
70%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$998
30% below US avg ($1,432)
Mean Commute Time
34 min
22% above US avg (28 min)
Work From Home
5.4%
64% below US avg (15.2%)
Drive Alone
85.3%
17% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$788M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
85.3%
Public Transit
0%
Work From Home
5.4%
Other
9.3%
Average commute time
34 minutes
US avg: 28 min
Business Landscape
Total Establishments
492
Restaurants
34
Healthcare
47
Retail
57
Manufacturing
31
Tax & Financial
IRS Avg Adjusted Gross Income
$64,356
11% below US avg ($72,000)
Avg Property Tax
$2,944
16% below US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $62,875 |
| Per Capita Income | $35,508 |
| IRS Avg Adjusted Gross Income | $64,356 |
| Avg Weekly Wage | $998 |
| County GDP | $788M |
Hardship Indicators
| Unemployment Rate | 2.5% |
| Poverty Rate | 9.8% |
| Gini Coefficient | 0.424 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 34 minutes |
| Drive Alone | 85.3% |
| Public Transit | 0.0% |
| Work From Home | 5.4% |
Businesses
| Total Establishments | 492 |
| Restaurants | 34 |
| Healthcare | 47 |
| Retail | 57 |
| Manufacturing | 31 |
Tax
| IRS Avg AGI | $64,356 |
| Avg Property Tax | $2,944 |