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CITY · 2020 ACS

Lake Park

Minnesota · 728 residents · 0.952 sq mi
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The short version

Lake Park has notably lower household income than the US average, with a median household income of $46,500. Population has declined 7% since 2000. 14% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $101,900. Households here earn about 37% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 37.7
US median: 38.8
Less educated
14% hold a bachelor's degree
US average: 33%
Less affordable
home values up 29%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
728
−7%since 2000
from 782 in 2000
1990 – 2025
Population density
765 / sq mi
−7%since 2000
from 821 / sq mi in 2000
US average: 280
Median age
37.7
+18%since 2000
from 31.9 in 2000
US average: 38.8
Population, 1990 – 2024
5446317178038901990201020202024Lake Park
2024600
1990201020202024
Section 02

Income & economy

Median household income
$46,500
−6%inflation adjusted, since 2000
from $32,857 in 2000
US average: $66,278
1990 – 2024
Per capita income
$27,240
+90%since 2000
from $14,307 in 2000
US average: $35,364
Households earning $100K+
27.7%
+8.2 ptssince 2009
from 19.5% in 2009
US average: 43.9%
Poverty rate
16.5%
+6.4 ptssince 2000
from 10.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade21.7%
US avg: 10%
Information10.7%
US avg: 11.1%
Finance & insurance9.2%
US avg: 5.5%
Professional, scientific, technical9.2%
US avg: 4.7%
Wholesale trade8.3%
US avg: 6.7%
Other services4.5%
US avg: 6.6%
Public administration3.9%
US avg: 4.7%
Agriculture, forestry, fishing3.6%
US avg: 1.7%
Construction3.6%
US avg: 1.2%
Transportation & warehousing2.4%
US avg: 2.5%
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
$101,900
+29%inflation adjusted, since 2000
from $52,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$663
+6%inflation adjusted, since 2000
from $416 in 2000
US average: $1,124
Owner-occupied
74.4%
+1.7 ptssince 2000
from 72.7% in 2000
25.6% rent
Afford Score
2.2
+37%since 2000
from 1.6 in 2000
1990 – 2024
RELATED:See current rent listings in Lake Park on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic95.5%(747)
Black0.3%(2)
Hispanic / Latino0.4%(3)
Asian0.4%(3)
Other0%
Diversity Score2.6%(21)
2020
White, non-Hispanic86.5%(630)
Black0.4%(3)
Hispanic / Latino4%(29)
Asian1.1%(8)
Other4.6%(33)
Diversity Score24.2%(176)
Diversity Score
24
+821%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
13.6%
+4.2 ptssince 2000
from 9.4% in 2000
US average: 32.9%
High school or higher
91.6%
+9.6 ptssince 2000
from 82.0% in 2000
US average: 88.5%
Graduate degree
2.5%
+0.2 ptssince 2000
from 2.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
22.7 min
+58%since 2000
from 14.4 min in 2000
US average: 26.9
Drive alone to work
92.3%
+7.5 ptssince 2009
from 84.7% in 2009
US average: 75.1%
No vehicle available
1.9%
−1.3 ptssince 2009
from 3.2% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.9%
−2.2 ptssince 2011
from 3.1% in 2011
US average: 5.4%
Labor force participation
75.2%
−1.4 ptssince 2011
from 76.5% in 2011
US average: 63.4%
Management & professional
27.4%
−28.9 ptssince 2009
from 56.3% in 2009
US average: 39.3%
Section 08

People & community

Male
46.8%
−3.2 ptssince 2009
from 49.9% in 2009
Female
53.2%
+3.2 ptssince 2009
from 50.1% in 2009
Foreign born
1.3%
+1.3 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
7.0%
−80.8 ptssince 2013
from 87.8% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Lake Park to nearby cities

LAKE PARK VS
Detroit Lakes
Income$62,958+35%
Home value$265,800+161%
Population10,019+1309%
SEE FULL COMPARISON →
LAKE PARK VS
Moorhead
Income$72,761+56%
Home value$249,000+144%
Population46,533+6445%
SEE FULL COMPARISON →
LAKE PARK VS
Fargo
Income$66,998+44%
Home value$281,900+177%
Population136,275+19067%
SEE FULL COMPARISON →
LAKE PARK VS
West Fargo
Income$90,665+95%
Home value$321,900+216%
Population41,175+5691%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Park, Minnesota?

Lake Park, Minnesota has about 728 residents according to the 2020 American Community Survey.

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

The typical household in Lake Park, Minnesota earns about $46,500 a year. Half of households make more than that, and half make less.

Is Lake Park, Minnesota expensive?

In Lake Park, Minnesota, the median home is worth about $101,900, and the typical rent is about $663 a month.

How educated are people in Lake Park, Minnesota?

About 13.6% of adults age 25 and over in Lake Park, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Lake Park, Minnesota?

About 16.5% of people in Lake Park, Minnesota live below the federal poverty line.

Has Lake Park, Minnesota grown since 1990?

Yes, Lake Park, Minnesota has grown since 1990. The population has added about 75 residents, a change of about 11 percent over that period.

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

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