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CITY · 2020 ACS

Madison Lake

Minnesota · 1,247 residents · 1.353 sq mi
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The short version

Madison Lake is significantly wealthier than the US average, with a median household income of $90,893. Population has grown 49% since 2000. Median home value has more than doubled since 2000, reaching $206,400. Poverty is rare here, at 5.5% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 38.5
US median: 38.8
More educated
40% hold a bachelor's degree
US average: 33%
Less affordable
home values up 41%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,247
+49%since 2000
from 837 in 2000
1990 – 2025
Population density
922 / sq mi
+49%since 2000
from 619 / sq mi in 2000
US average: 280
Median age
38.5
+21%since 2000
from 31.7 in 2000
US average: 38.8
Population, 1990 – 2024
5517619721K1K1990201020202024Madison Lake
20241K
1990201020202024
Section 02

Income & economy

Median household income
$90,893
+35%inflation adjusted, since 2000
from $44,659 in 2000
US average: $66,278
1990 – 2024
Per capita income
$41,716
+128%since 2000
from $18,312 in 2000
US average: $35,364
Households earning $100K+
58.2%
+31.8 ptssince 2009
from 26.4% in 2009
US average: 43.9%
Poverty rate
5.5%
+1.4 ptssince 2000
from 4.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade20%
US avg: 10%
Information11.1%
US avg: 11.1%
Wholesale trade8.1%
US avg: 6.7%
Transportation & warehousing4.9%
US avg: 2.5%
Other services3.3%
US avg: 6.6%
Finance & insurance3%
US avg: 5.5%
Public administration2.9%
US avg: 4.7%
Agriculture, forestry, fishing2.2%
US avg: 1.7%
Construction2.2%
US avg: 1.2%
Professional, scientific, technical2.1%
US avg: 4.7%
Education & health services1%
US avg: 0.8%
Arts, entertainment, food1%
US avg: 2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$206,400
+41%inflation adjusted, since 2000
from $97,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$750
+5%inflation adjusted, since 2000
from $473 in 2000
US average: $1,124
Owner-occupied
75.1%
+0.2 ptssince 2000
from 74.9% in 2000
24.9% rent
Afford Score
2.3
+4%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)
2020
White, non-Hispanic93.6%(1,167)
Black1.3%(16)
Hispanic / Latino2.2%(27)
Asian0.5%(6)
Other2.4%(30)
Diversity Score15.2%(189)
Diversity Score
15
+92%since 2000
from 8 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
39.6%
+20.4 ptssince 2000
from 19.2% in 2000
US average: 32.9%
High school or higher
97.1%
+6.9 ptssince 2000
from 90.2% in 2000
US average: 88.5%
Graduate degree
14.7%
+10.3 ptssince 2000
from 4.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
21.9 min
+25%since 2000
from 17.5 min in 2000
US average: 26.9
Drive alone to work
80.7%
−8.3 ptssince 2009
from 89.0% in 2009
US average: 75.1%
No vehicle available
4.8%
−3.5 ptssince 2009
from 8.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.5%
−4.6 ptssince 2011
from 7.1% in 2011
US average: 5.4%
Labor force participation
76.3%
−0.7 ptssince 2011
from 77.0% in 2011
US average: 63.4%
Management & professional
51.0%
−4.7 ptssince 2009
from 55.7% in 2009
US average: 39.3%
Section 08

People & community

Male
46.1%
+0.5 ptssince 2009
from 45.5% in 2009
Female
53.9%
−0.5 ptssince 2009
from 54.5% in 2009
Foreign born
1.0%
+1.0 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
5.2%
−87.9 ptssince 2013
from 93.1% in 2013
US average: 8.8%
Drill deeper

Places similar to Madison Lake

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Head to head

Compare Madison Lake to nearby cities

MADISON LAKE VS
Mankato
Income$66,873−26%
Home value$261,700+27%
Population46,529+3438%
SEE FULL COMPARISON →
MADISON LAKE VS
St. Peter
Income$65,122−28%
Home value$250,700+21%
Population12,275+833%
SEE FULL COMPARISON →
MADISON LAKE VS
North Mankato
Income$80,791−11%
Home value$262,100+27%
Population14,165+977%
SEE FULL COMPARISON →
MADISON LAKE VS
Waseca
Income$64,074−30%
Home value$189,200−8%
Population9,035+587%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madison Lake, Minnesota?

Madison Lake, Minnesota has about 1,247 residents according to the 2020 American Community Survey.

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

The typical household in Madison Lake, Minnesota earns about $90,893 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 $206,400, and the typical rent is about $750 a month.

How educated are people in Madison Lake, Minnesota?

About 39.6% 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 5.5% 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 626 residents, a change of about 101 percent over that period.

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

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