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CITY · 2020 ACS

Lake George

Minnesota · 233 residents · 5.072 sq mi
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The short version

Lake George has lower-than-average household income, with a median household income of $59,531. Population has fallen 16% since 2019, a loss of 44 residents. Median home value is $169,400. With a median age of 57.2, the population is older than the US median of 38.8. Poverty is rare here, at 1.3% of residents.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 57.2
US median: 38.8
Less educated
26% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
233
−16%since 2019
from 277 in 2019
2010 – 2024
Population density
46 / sq mi
−16%since 2019
from 55 / sq mi in 2019
US average: 280
Median age
57.2
+7%since 2019
from 53.3 in 2019
US average: 38.8
Population, 2010 – 2024
159195231266302201020202024Lake George
2024204
201020202024
Section 02

Income & economy

Median household income
$59,531
−1%inflation adjusted, since 2019
from $59,500 in 2019
US average: $66,278
2010 – 2024
Per capita income
$30,765
−11%since 2019
from $34,458 in 2019
US average: $35,364
Households earning $100K+
42.0%
+3.8 ptssince 2019
from 38.2% in 2019
US average: 43.9%
Poverty rate
1.3%
−0.1 ptssince 2019
from 1.4% in 2019
US average: 12.8%
Workforce by industry, 2020
Wholesale trade22.7%
US avg: 6.7%
Information17%
US avg: 11.1%
Retail trade5.7%
US avg: 10%
Finance & insurance5.7%
US avg: 5.5%
Professional, scientific, technical5.7%
US avg: 4.7%
Transportation & warehousing5%
US avg: 2.5%
Other services2.8%
US avg: 6.6%
Public administration2.8%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$169,400
−1%inflation adjusted, since 2019
from $168,800 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$808
+15%inflation adjusted, since 2019
from $696 in 2019
US average: $1,124
Owner-occupied
85.2%
+6.1 ptssince 2019
from 79.1% in 2019
14.8% rent
Afford Score
2.8
Unchangedsince 2019
from 2.8 in 2019
2010 – 2024
RELATED:See current rent listings in Lake George on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic93.5%(259)
Black0%(0)
Hispanic / Latino1.1%(3)
Asian0%(0)
Other5.4%(15)
Diversity Score15.3%(42)
2020
White, non-Hispanic90.6%(211)
Black0.9%(2)
Hispanic / Latino1.3%(3)
Asian0%(0)
Other7.2%(17)
Diversity Score21.6%(50)
Diversity Score
22
+41%since 2019
from 15 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
26.4%
−2.1 ptssince 2019
from 28.4% in 2019
US average: 32.9%
High school or higher
99.6%
+0.5 ptssince 2019
from 99.1% in 2019
US average: 88.5%
Graduate degree
6.7%
−1.3 ptssince 2019
from 8.0% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
22.3 min
−2%since 2019
from 22.9 min in 2019
US average: 26.9
Drive alone to work
71.2%
−9.9 ptssince 2019
from 81.2% in 2019
US average: 75.1%
No vehicle available
2.5%
−0.2 ptssince 2019
from 2.7% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
14.0%
+6.6 ptssince 2019
from 7.4% in 2019
US average: 5.4%
Labor force participation
59.4%
+0.8 ptssince 2019
from 58.7% in 2019
US average: 63.4%
Management & professional
24.1%
−5.6 ptssince 2019
from 29.7% in 2019
US average: 39.3%
Section 08

People & community

Male
54.1%
−0.1 ptssince 2019
from 54.2% in 2019
Female
45.9%
+0.1 ptssince 2019
from 45.8% in 2019
Foreign born
1.3%
+0.2 ptssince 2019
from 1.1% in 2019
US average: 13.5%
Uninsured
5.9%
−1.3 ptssince 2019
from 7.2% in 2019
US average: 8.8%
Drill deeper

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Frequently asked

How many people live in Lake George, Minnesota?

Lake George, Minnesota has about 233 residents according to the 2020 American Community Survey.

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

The typical household in Lake George, Minnesota earns about $59,531 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 $169,400, and the typical rent is about $808 a month.

How educated are people in Lake George, Minnesota?

About 26.4% 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 1.3% 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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