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CITY

Lake George

Minnesota · 204 residents · 5.072 sq mi
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The short version

Lake George has roughly average household income, with a median household income of $84,167. Population has fallen 17% since 2023, a loss of 41 residents. Median home value is $245,500. With a median age of 51.5, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 51.5
US median: 38.9
Less educated
28% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
204
−17%since 2023
from 245 in 2023
2010 – 2024
Population density
40 / sq mi
−17%since 2023
from 48 / sq mi in 2023
US average: 281
Median age
51.5
−1%since 2023
from 51.8 in 2023
US average: 38.9
Population, 2010 – 2024
159195231266302201020202024Lake George
2024204
201020202024
Section 02

Income & economy

Median household income
$84,167
+19%inflation adjusted, since 2023
from $68,500 in 2023
US average: $82,259
2010 – 2024
Per capita income
$36,645
+10%since 2023
from $33,380 in 2023
US average: $44,673
Households earning $100K+
52.5%
+10.5 ptssince 2023
from 42.0% in 2023
US average: 53.3%
Poverty rate
6.9%
−0.9 ptssince 2023
from 7.8% in 2023
US average: 12.5%
Income inequality (Gini)
0.337
−3%since 2023
from 0.346 in 2023
US average: 0.476
Workforce by industry, 2024
Information17.3%
US avg: 10.8%
Retail trade10.7%
US avg: 9.9%
Transportation & warehousing9.3%
US avg: 2.2%
Other services9.3%
US avg: 6.7%
Public administration9.3%
US avg: 4.8%
Wholesale trade5.3%
US avg: 6.9%
Finance & insurance5.3%
US avg: 5.9%
Professional, scientific, technical5.3%
US avg: 5.1%
Agriculture, forestry, fishing2.7%
US avg: 1.6%
Construction2.7%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$245,500
+7%inflation adjusted, since 2023
from $222,500 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,167
+11%inflation adjusted, since 2023
from $1,025 in 2023
US average: $1,442
Owner-occupied
95.0%
+5.2 ptssince 2023
from 89.8% in 2023
5.0% rent
Vacancy rate
54.5%
+3.4 ptssince 2023
from 51.1% in 2023
US average: 10.0%
Owner cost-burdened
15.8%
−1.9 ptssince 2023
from 17.7% in 2023
US average: 22.9%
Renter cost-burdened
25.0%
+13.9 ptssince 2023
from 11.1% in 2023
US average: 47.4%
Afford Score
2.9
−10%since 2023
from 3.2 in 2023
2010 – 2024
Gentrification Score
81
RELATED:See current rent listings in Lake George on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic93.1%(228)
Black0%(0)
Hispanic / Latino3.3%(8)
Asian0%(0)
Other3.7%(9)
Diversity Score16.4%(40)
2024
White, non-Hispanic93.6%(191)
Black0%(0)
Hispanic / Latino2.9%(6)
Asian0%(0)
Other3.4%(7)
Diversity Score15.2%(31)
Diversity Score
15
−8%since 2023
from 16 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
28.3%
+2.9 ptssince 2023
from 25.4% in 2023
US average: 35.6%
High school or higher
96.9%
−0.6 ptssince 2023
from 97.4% in 2023
US average: 89.6%
Graduate degree
8.8%
+4.7 ptssince 2023
from 4.1% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
32.9 min
+23%since 2023
from 26.8 min in 2023
US average: 26.5
Drive alone to work
58.0%
−8.3 ptssince 2023
from 66.3% in 2023
US average: 68.9%
Carpooled to work
17.4%
+0.5 ptssince 2023
from 16.8% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
23.2%
+7.4 ptssince 2023
from 15.8% in 2023
US average: 15.0%
Walked to work
1.4%
+0.4 ptssince 2023
from 1.1% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
12.8%
−2.7 ptssince 2023
from 15.5% in 2023
US average: 5.2%
Labor force participation
49.4%
−4.5 ptssince 2023
from 54.0% in 2023
US average: 63.5%
Self-employed
17.3%
+4.1 ptssince 2023
from 13.3% in 2023
US average: 13.1%
Management & professional
29.3%
+7.9 ptssince 2023
from 21.4% in 2023
US average: 42.5%
Section 08

People & community

Male
56.9%
−0.7 ptssince 2023
from 57.6% in 2023
Female
43.1%
+0.7 ptssince 2023
from 42.4% in 2023
Foreign born
3.4%
+2.2 ptssince 2023
from 1.2% in 2023
US average: 14.1%
Veterans
13.9%
−5.0 ptssince 2023
from 18.9% in 2023
US average: 6.2%
With a disability
19.1%
−7.8 ptssince 2023
from 26.9% in 2023
US average: 13.3%
Uninsured
4.9%
−3.7 ptssince 2023
from 8.6% in 2023
US average: 8.4%
Broadband at home
93.8%
+5.2 ptssince 2023
from 88.6% in 2023
US average: 91.0%
English only at home
96.8%
+0.3 ptssince 2023
from 96.5% in 2023
US average: 77.7%
Spanish at home
2.2%
Unchangedsince 2023
from 2.2% in 2023
US average: 13.6%
Drill deeper

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Frequently asked

How many people live in Lake George, Minnesota?

Lake George, Minnesota has about 204 residents according to the 2024 American Community Survey.

What is the median household income in Lake George, Minnesota?

The typical household in Lake George, Minnesota earns about $84,167 a year. Half of households make more than that, and half make less.

Is Lake George, Minnesota expensive?

In Lake George, Minnesota, the median home is worth about $245,500, and the typical rent is about $1,167 a month.

How educated are people in Lake George, Minnesota?

About 28.3% of adults age 25 and over in Lake George, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Lake George, Minnesota?

About 6.9% of people in Lake George, Minnesota live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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