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CITY

Pequot Lakes

Minnesota · 2,483 residents (2025 est.) · 16.363 sq mi
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The short version

Pequot Lakes has lower-than-average household income, with a median household income of $63,699. The city has more than doubled in size since 2000, adding 1,132 residents. Median home value has more than tripled since 2000, reaching $289,300. Households here earn about 28% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 43.2
US median: 38.9
Less educated
30% hold a bachelor's degree
US average: 36%
Less affordable
home values up 95%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,079
+120%since 2000
from 947 in 2000
1990 – 2025
Population density
127 / sq mi
+120%since 2000
from 58 / sq mi in 2000
US average: 281
Median age
43.2
+12%since 2000
from 38.6 in 2000
US average: 38.9

PEP 2025 EST:2,483 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
6791K2K2K3K1990201020202024Pequot Lakes
20242K
1990201020202024
Section 02

Income & economy

Median household income
$63,699
+47%inflation adjusted, since 2000
from $23,813 in 2000
US average: $82,259
1990 – 2024
Per capita income
$38,602
+137%since 2000
from $16,275 in 2000
US average: $44,673
Households earning $100K+
44.6%
+30.4 ptssince 2009
from 14.2% in 2009
US average: 53.3%
Poverty rate
6.6%
−8.2 ptssince 2000
from 14.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.431
+3%since 2010
from 0.417 in 2010
US average: 0.476
Workforce by industry, 2024
Information10.9%
US avg: 10.8%
Other services10.4%
US avg: 6.7%
Retail trade9.2%
US avg: 9.9%
Public administration7.2%
US avg: 4.8%
Wholesale trade6.3%
US avg: 6.9%
Arts, entertainment, food5.4%
US avg: 1.9%
Finance & insurance5%
US avg: 5.9%
Transportation & warehousing4.1%
US avg: 2.2%
Professional, scientific, technical3.5%
US avg: 5.1%
Education & health services1.5%
US avg: 0.9%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.7%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$289,300
+95%inflation adjusted, since 2000
from $81,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$847
+15%inflation adjusted, since 2000
from $404 in 2000
US average: $1,442
Owner-occupied
65.1%
+13.3 ptssince 2000
from 51.8% in 2000
34.9% rent
Vacancy rate
32.5%
+6.8 ptssince 2009
from 25.7% in 2009
US average: 10.0%
Owner cost-burdened
19.1%
−3.0 ptssince 2009
from 22.0% in 2009
US average: 22.9%
Renter cost-burdened
37.7%
−14.1 ptssince 2009
from 51.8% in 2009
US average: 47.4%
Afford Score
4.5
+33%since 2000
from 3.4 in 2000
1990 – 2024
Gentrification Score
73
RELATED:See current rent listings in Pequot Lakes on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.5%(923)
Black1.1%(10)
Hispanic / Latino0.7%(7)
Asian0.3%(3)
Other0%
Diversity Score5.2%(49)
2024
White, non-Hispanic94.7%(1,969)
Black0.4%(8)
Hispanic / Latino1.3%(26)
Asian0.4%(8)
Other3.3%(68)
Diversity Score12.7%(264)
Diversity Score
13
+144%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
30.0%
+12.5 ptssince 2000
from 17.5% in 2000
US average: 35.6%
High school or higher
97.8%
+16.2 ptssince 2000
from 81.7% in 2000
US average: 89.6%
Graduate degree
8.1%
+1.6 ptssince 2000
from 6.5% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
22.4 min
+85%since 2000
from 12.1 min in 2000
US average: 26.5
Drive alone to work
71.8%
−8.1 ptssince 2009
from 79.8% in 2009
US average: 68.9%
Carpooled to work
8.0%
+2.3 ptssince 2009
from 5.7% in 2009
US average: 8.5%
Public transit
0.0%
−0.6 ptssince 2009
from 0.6% in 2009
US average: 3.2%
Worked from home
18.2%
+11.8 ptssince 2009
from 6.4% in 2009
US average: 15.0%
Walked to work
2.0%
−1.6 ptssince 2009
from 3.6% in 2009
US average: 2.4%
Biked to work
0.0%
−0.8 ptssince 2009
from 0.8% in 2009
US average: 0.4%
No vehicle available
1.5%
−10.5 ptssince 2009
from 12.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
10.4%
+5.3 ptssince 2011
from 5.1% in 2011
US average: 5.2%
Labor force participation
58.3%
−7.1 ptssince 2011
from 65.5% in 2011
US average: 63.5%
Self-employed
12.9%
+2.9 ptssince 2009
from 10.0% in 2009
US average: 13.1%
Management & professional
42.3%
−19.1 ptssince 2009
from 61.3% in 2009
US average: 42.5%
Section 08

People & community

Male
50.6%
+4.6 ptssince 2009
from 46.0% in 2009
Female
49.4%
−4.6 ptssince 2009
from 54.0% in 2009
Foreign born
0.7%
−1.8 ptssince 2009
from 2.5% in 2009
US average: 14.1%
Veterans
11.7%
−33.4 ptssince 2009
from 45.1% in 2009
US average: 6.2%
With a disability
16.2%
+2.2 ptssince 2012
from 14.0% in 2012
US average: 13.3%
Uninsured
4.9%
−83.8 ptssince 2013
from 88.7% in 2013
US average: 8.4%
Broadband at home
89.8%
+9.8 ptssince 2017
from 80.0% in 2017
US average: 91.0%
English only at home
97.9%
−0.1 ptssince 2016
from 98.0% in 2016
US average: 77.7%
Spanish at home
0.8%
+0.3 ptssince 2016
from 0.5% in 2016
US average: 13.6%
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Compare Pequot Lakes to nearby cities

PEQUOT LAKES VS
Brainerd
Income$56,111−12%
Home value$192,500−33%
Population14,428+481%
SEE FULL COMPARISON →
PEQUOT LAKES VS
Baxter
Income$70,688+11%
Home value$324,100+12%
Population9,217+271%
SEE FULL COMPARISON →
PEQUOT LAKES VS
Little Falls
Income$47,863−25%
Home value$202,600−30%
Population9,277+274%
SEE FULL COMPARISON →
PEQUOT LAKES VS
Grand Rapids
Income$61,029−4%
Home value$213,800−26%
Population11,181+350%
SEE FULL COMPARISON →
Frequently asked

How many people live in Pequot Lakes, Minnesota?

Pequot Lakes, Minnesota has about 2,079 residents according to the 2024 American Community Survey.

What is the median household income in Pequot Lakes, Minnesota?

The typical household in Pequot Lakes, Minnesota earns about $63,699 a year. Half of households make more than that, and half make less.

Is Pequot Lakes, Minnesota expensive?

In Pequot Lakes, Minnesota, the median home is worth about $289,300, and the typical rent is about $847 a month.

How educated are people in Pequot Lakes, Minnesota?

About 30.0% of adults age 25 and over in Pequot Lakes, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Pequot Lakes, Minnesota?

About 6.6% of people in Pequot Lakes, Minnesota live below the federal poverty line.

Has Pequot Lakes, Minnesota grown since 1990?

Yes, Pequot Lakes, Minnesota has grown since 1990. The population has added about 1,234 residents, a change of about 146 percent over that period.

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

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