Wolf Lake, MN
Full City Profile · Minnesota · Becker County County
Wolf Lake, MN
At a Glance
How Wolf Lake Compares to the U.S. Average
Each bar shows Wolf Lake's value as a percentage of the national average (100% = U.S. avg)
Is Wolf Lake a Good Place to Live?
Economy & Jobs
Wolf Lake residents earn a median household income of $66,250 , which is 12% below the national average of $75,149. Per capita income is $26,184. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 3.3% of residents live below the poverty line. The area is home to 1,140 business establishments, including 83 restaurants.
Housing & Cost of Living
The median home value in Wolf Lake is $137,500 , 51% below the national median of $281,900. Zillow estimates the typical home at $311,338. Median rent is $873/month, with 21.3% 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 1992.
Education
17.9% of adults in Wolf Lake hold a bachelor's degree or higher (47% below the national average). 84.6% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Wolf Lake has an average annual temperature of 40°F (5°C). Winters average 8°F in January while summers reach 69°F in July. Annual precipitation totals 23.9 inches. Air quality is rated Good with a median AQI of 36.