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CITY

Madison Lake

Minnesota · 1,315 residents (2025 est.) · 1.353 sq mi
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The short version

Madison Lake has roughly average household income, with a median household income of $87,727. The city has grown rapidly, with population up 58% since 2000. Median home value has roughly tripled since 2000, reaching $303,100.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.0
US median: 38.9
More educated
40% hold a bachelor's degree
US average: 36%
Less affordable
home values up 70%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,322
+58%since 2000
from 837 in 2000
1990 – 2025
Population density
977 / sq mi
+58%since 2000
from 619 / sq mi in 2000
US average: 281
Median age
40.0
+26%since 2000
from 31.7 in 2000
US average: 38.9

PEP 2025 EST:1,315 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
5517619721K1K1990201020202024Madison Lake
20241K
1990201020202024
Section 02

Income & economy

Median household income
$87,727
+8%inflation adjusted, since 2000
from $44,659 in 2000
US average: $82,259
1990 – 2024
Per capita income
$48,690
+166%since 2000
from $18,312 in 2000
US average: $44,673
Households earning $100K+
58.2%
+31.8 ptssince 2009
from 26.4% in 2009
US average: 53.3%
Poverty rate
6.8%
+2.8 ptssince 2000
from 4.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.445
+32%since 2010
from 0.336 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade14%
US avg: 9.9%
Information13.4%
US avg: 10.8%
Wholesale trade9%
US avg: 6.9%
Finance & insurance3.8%
US avg: 5.9%
Professional, scientific, technical3.8%
US avg: 5.1%
Transportation & warehousing3.2%
US avg: 2.2%
Other services2.5%
US avg: 6.7%
Public administration1.5%
US avg: 4.8%
Arts, entertainment, food0.7%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$303,100
+70%inflation adjusted, since 2000
from $97,600 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$596
−31%inflation adjusted, since 2000
from $473 in 2000
US average: $1,442
Owner-occupied
68.9%
−6.0 ptssince 2000
from 74.9% in 2000
31.1% rent
Vacancy rate
20.7%
+6.2 ptssince 2009
from 14.4% in 2009
US average: 10.0%
Owner cost-burdened
21.6%
−8.3 ptssince 2009
from 29.8% in 2009
US average: 22.9%
Renter cost-burdened
47.8%
+5.7 ptssince 2009
from 42.0% in 2009
US average: 47.4%
Afford Score
3.5
+58%since 2000
from 2.2 in 2000
1990 – 2024
Gentrification Score
64
RELATED:See current rent listings in Madison Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.3%(806)
Black0.6%(5)
Hispanic / Latino2.3%(19)
Asian0.4%(3)
Other0%
Diversity Score7.9%(66)
2024
White, non-Hispanic92.9%(1,228)
Black3.2%(42)
Hispanic / Latino0.6%(8)
Asian0.2%(2)
Other3.2%(42)
Diversity Score16.9%(223)
Diversity Score
17
+114%since 2000
from 8 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
40.2%
+21.0 ptssince 2000
from 19.2% in 2000
US average: 35.6%
High school or higher
98.0%
+7.8 ptssince 2000
from 90.2% in 2000
US average: 89.6%
Graduate degree
18.1%
+13.7 ptssince 2000
from 4.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.1 min
+32%since 2000
from 17.5 min in 2000
US average: 26.5
Drive alone to work
78.2%
−10.8 ptssince 2009
from 89.0% in 2009
US average: 68.9%
Carpooled to work
4.9%
−1.3 ptssince 2009
from 6.3% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
13.0%
+9.7 ptssince 2009
from 3.3% in 2009
US average: 15.0%
Walked to work
3.9%
+3.1 ptssince 2009
from 0.8% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
−8.3 ptssince 2009
from 8.3% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.4%
−2.7 ptssince 2011
from 7.1% in 2011
US average: 5.2%
Labor force participation
69.7%
−7.3 ptssince 2011
from 77.0% in 2011
US average: 63.5%
Self-employed
17.0%
+7.3 ptssince 2009
from 9.7% in 2009
US average: 13.1%
Management & professional
46.4%
−9.3 ptssince 2009
from 55.7% in 2009
US average: 42.5%
Section 08

People & community

Male
49.2%
+3.7 ptssince 2009
from 45.5% in 2009
Female
50.8%
−3.7 ptssince 2009
from 54.5% in 2009
Foreign born
0.2%
+0.2 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
5.8%
−40.3 ptssince 2009
from 46.1% in 2009
US average: 6.2%
With a disability
11.6%
+5.5 ptssince 2012
from 6.1% in 2012
US average: 13.3%
Uninsured
3.2%
−89.9 ptssince 2013
from 93.1% in 2013
US average: 8.4%
Broadband at home
90.6%
+15.4 ptssince 2017
from 75.2% in 2017
US average: 91.0%
English only at home
97.3%
−0.5 ptssince 2016
from 97.8% in 2016
US average: 77.7%
Spanish at home
2.5%
+1.4 ptssince 2016
from 1.1% in 2016
US average: 13.6%
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Compare Madison Lake to nearby cities

MADISON LAKE VS
Mankato
Income$66,873−24%
Home value$261,700−14%
Population46,529+3438%
SEE FULL COMPARISON →
MADISON LAKE VS
St. Peter
Income$65,122−26%
Home value$250,700−17%
Population12,275+833%
SEE FULL COMPARISON →
MADISON LAKE VS
North Mankato
Income$80,791−8%
Home value$262,100−14%
Population14,165+977%
SEE FULL COMPARISON →
MADISON LAKE VS
Waseca
Income$64,074−27%
Home value$189,200−38%
Population9,035+587%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madison Lake, Minnesota?

Madison Lake, Minnesota has about 1,322 residents according to the 2024 American Community Survey.

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

The typical household in Madison Lake, Minnesota earns about $87,727 a year. Half of households make more than that, and half make less.

Is Madison Lake, Minnesota expensive?

In Madison Lake, Minnesota, the median home is worth about $303,100, and the typical rent is about $596 a month.

How educated are people in Madison Lake, Minnesota?

About 40.2% of adults age 25 and over in Madison Lake, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Madison Lake, Minnesota?

About 6.8% of people in Madison Lake, Minnesota live below the federal poverty line.

Has Madison Lake, Minnesota grown since 1990?

Yes, Madison Lake, Minnesota has grown since 1990. The population has added about 701 residents, a change of about 113 percent over that period.

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

How we source and harmonize this data →