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CITY · 2010 ACS

Madison Lake

Minnesota · 1,017 residents · 1.353 sq mi
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The short version

Madison Lake has roughly average household income, with a median household income of $56,683. Population has grown 22% since 2000. Median home value has more than doubled since 2000, reaching $187,900.

At a glance
Wealthier
above the US median
US median: $52,703
Younger
median age 33.3
US median: 37.2
Average education
25% hold a bachelor's degree
US average: 28%
Less affordable
home values up 52%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
1,017
+22%since 2000
from 837 in 2000
1990 – 2025
Population density
752 / sq mi
+22%since 2000
from 619 / sq mi in 2000
US average: 261
Median age
33.3
+5%since 2000
from 31.7 in 2000
US average: 37.2
Population, 1990 – 2024
5517619721K1K1990201020202024Madison Lake
20241K
1990201020202024
Section 02

Income & economy

Median household income
$56,683
Unchangedinflation adjusted, since 2000
from $44,659 in 2000
US average: $52,703
1990 – 2024
Per capita income
$24,411
+33%since 2000
from $18,312 in 2000
US average: $27,286
Households earning $100K+
31.0%
+4.6 ptssince 2009
from 26.4% in 2009
US average: 33.3%
Poverty rate
10.7%
+6.6 ptssince 2000
from 4.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.336
US average: 0.461
Workforce by industry, 2010
Retail trade19.4%
US avg: 10.9%
Information8.9%
US avg: 11.5%
Finance & insurance5.5%
US avg: 5.1%
Other services5.5%
US avg: 7%
Public administration5.5%
US avg: 4.9%
Wholesale trade5%
US avg: 7.2%
Professional, scientific, technical4.8%
US avg: 4.2%
Transportation & warehousing3%
US avg: 3.1%
Arts, entertainment, food2.9%
US avg: 2.4%
Agriculture, forestry, fishing1.1%
US avg: 1.9%
Construction1.1%
US avg: 1.4%
Education & health services0.7%
US avg: 0.9%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$187,900
+52%inflation adjusted, since 2000
from $97,600 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$708
+18%inflation adjusted, since 2000
from $473 in 2000
US average: $853
Owner-occupied
57.4%
−17.6 ptssince 2000
from 74.9% in 2000
28.2% rent
Vacancy rate
9.4%
−5.1 ptssince 2009
from 14.4% in 2009
US average: 12.1%
Owner cost-burdened
31.3%
+1.5 ptssince 2009
from 29.8% in 2009
US average: 30.9%
Renter cost-burdened
44.0%
+2.0 ptssince 2009
from 42.0% in 2009
US average: 46.8%
Afford Score
3.3
+52%since 2000
from 2.2 in 2000
1990 – 2024
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)
2010
White, non-Hispanic95.8%(974)
Black0.5%(5)
Hispanic / Latino2%(20)
Asian0.5%(5)
Other1.9%(19)
Diversity Score11.6%(118)
Diversity Score
12
+47%since 2000
from 8 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
25.0%
+5.8 ptssince 2000
from 19.2% in 2000
US average: 27.9%
High school or higher
90.1%
−0.1 ptssince 2000
from 90.2% in 2000
US average: 84.9%
Graduate degree
5.8%
+1.5 ptssince 2000
from 4.3% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
25.4 min
+45%since 2000
from 17.5 min in 2000
US average: 25.2
Drive alone to work
87.2%
−1.8 ptssince 2009
from 89.0% in 2009
US average: 76.2%
Carpooled to work
8.7%
+2.4 ptssince 2009
from 6.3% in 2009
US average: 10.4%
Public transit
0.5%
+0.5 ptssince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
2.5%
−0.7 ptssince 2009
from 3.3% in 2009
US average: 4.1%
Walked to work
0.5%
−0.2 ptssince 2009
from 0.8% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
3.4%
−4.9 ptssince 2009
from 8.3% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
12.8%
+3.2 ptssince 2009
from 9.7% in 2009
US average: 12.9%
Management & professional
30.3%
−25.4 ptssince 2009
from 55.7% in 2009
US average: 35.2%
Section 08

People & community

Male
49.2%
+3.6 ptssince 2009
from 45.5% in 2009
Female
50.8%
−3.6 ptssince 2009
from 54.5% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 12.8%
Veterans
9.9%
−36.2 ptssince 2009
from 46.1% in 2009
US average: 9.9%
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Head to head

Compare Madison Lake to nearby cities

MADISON LAKE VS
Mankato
Income$66,873+18%
Home value$261,700+39%
Population46,529+3438%
SEE FULL COMPARISON →
MADISON LAKE VS
St. Peter
Income$65,122+15%
Home value$250,700+33%
Population12,275+833%
SEE FULL COMPARISON →
MADISON LAKE VS
North Mankato
Income$80,791+43%
Home value$262,100+39%
Population14,165+977%
SEE FULL COMPARISON →
MADISON LAKE VS
Waseca
Income$64,074+13%
Home value$189,200+1%
Population9,035+587%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madison Lake, Minnesota?

Madison Lake, Minnesota has about 1,017 residents according to the 2010 American Community Survey.

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

The typical household in Madison Lake, Minnesota earns about $56,683 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 $187,900, and the typical rent is about $708 a month.

How educated are people in Madison Lake, Minnesota?

About 25.0% 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 10.7% 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 396 residents, a change of about 64 percent over that period.

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

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