Lakefield
Lakefield has notably lower household income than the US average, with a median household income of $31,250. Population has held roughly steady since 1990. 12% of adults hold a bachelor's degree or higher, below the national rate of 24%. Median home value has risen by half since 1990, reaching $45,300. With a median age of 42.7, the population is older than the US median of 35.2. Households here earn about 34% less than the Minnesota median.
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How many people live in Lakefield, Minnesota?
Lakefield, Minnesota has about 1,721 residents according to the 2000 Census.
What is the median household income in Lakefield, Minnesota?
The typical household in Lakefield, Minnesota earns about $31,250 a year. Half of households make more than that, and half make less.
Is Lakefield, Minnesota expensive?
In Lakefield, Minnesota, the median home is worth about $45,300, and the typical rent is about $345 a month.
How educated are people in Lakefield, Minnesota?
About 12.4% of adults age 25 and over in Lakefield, Minnesota hold a bachelor's degree or higher.
What is the poverty rate in Lakefield, Minnesota?
About 9.0% of people in Lakefield, Minnesota live below the federal poverty line.
Has Lakefield, Minnesota grown since 1990?
Yes, Lakefield, Minnesota has grown since 1990. The population has added about 42 residents, a change of about 3 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024