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CITY

The Lakes

Minnesota · 594 residents · 33.699 sq mi
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The short version

The Lakes has roughly average household income, with a median household income of $87,969. Population has declined 4% since 2000. Median home value has more than tripled since 2000, reaching $397,100. With a median age of 62.7, the population is older than the US median of 38.9. Poverty is rare here, at 3.5% of residents.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 62.7
US median: 38.9
Less educated
28% hold a bachelor's degree
US average: 36%
Less affordable
home values up 93%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
594
−4%since 2000
from 619 in 2000
2000 – 2024
Population density
18 / sq mi
−4%since 2000
from 18 / sq mi in 2000
US average: 281
Median age
62.7
+27%since 2000
from 49.2 in 2000
US average: 38.9
Population, 2000 – 2024
5425846256667082000201020202024The Lakes
2024594
2000201020202024
Section 02

Income & economy

Median household income
$87,969
+12%inflation adjusted, since 2000
from $43,250 in 2000
US average: $82,259
2000 – 2024
Per capita income
$57,962
+142%since 2000
from $23,980 in 2000
US average: $44,673
Households earning $100K+
56.9%
+15.4 ptssince 2009
from 41.5% in 2009
US average: 53.3%
Poverty rate
3.5%
+2.7 ptssince 2000
from 0.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.379
−9%since 2010
from 0.415 in 2010
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing13.8%
US avg: 1.6%
Construction13.4%
US avg: 1.2%
Information11.4%
US avg: 10.8%
Wholesale trade9.7%
US avg: 6.9%
Retail trade9%
US avg: 9.9%
Other services6.2%
US avg: 6.7%
Public administration6.2%
US avg: 4.8%
Finance & insurance3.1%
US avg: 5.9%
Professional, scientific, technical3.1%
US avg: 5.1%
Transportation & warehousing1.4%
US avg: 2.2%
Arts, entertainment, food0.7%
US avg: 1.9%
Manufacturing0.3%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$397,100
+93%inflation adjusted, since 2000
from $112,900 in 2000
US average: $376,019
2000 – 2024
Owner-occupied
92.7%
−0.6 ptssince 2000
from 93.3% in 2000
7.3% rent
Vacancy rate
60.0%
+7.8 ptssince 2009
from 52.2% in 2009
US average: 10.0%
Owner cost-burdened
19.3%
−4.4 ptssince 2009
from 23.7% in 2009
US average: 22.9%
Renter cost-burdened
0.0%
−7.1 ptssince 2009
from 7.1% in 2009
US average: 47.4%
Afford Score
4.5
+73%since 2000
from 2.6 in 2000
2000 – 2024
Gentrification Score
44
RELATED:See current rent listings in The Lakes on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic99.2%(614)
Black0%(0)
Hispanic / Latino0.2%(1)
Asian0%(0)
Other0%
Diversity Score0.4%(3)
2024
White, non-Hispanic92.9%(552)
Black0%(0)
Hispanic / Latino3%(18)
Asian0%(0)
Other4%(24)
Diversity Score16.7%(99)
Diversity Score
17
+4023%since 2000
from 0 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
28.3%
+7.6 ptssince 2000
from 20.6% in 2000
US average: 35.6%
High school or higher
99.6%
+9.4 ptssince 2000
from 90.2% in 2000
US average: 89.6%
Graduate degree
9.0%
+4.0 ptssince 2000
from 5.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
30.1 min
+93%since 2000
from 15.7 min in 2000
US average: 26.5
Drive alone to work
68.8%
−2.3 ptssince 2009
from 71.2% in 2009
US average: 68.9%
Carpooled to work
5.4%
−11.5 ptssince 2009
from 16.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
18.1%
+9.7 ptssince 2009
from 8.5% in 2009
US average: 15.0%
Walked to work
2.5%
−0.3 ptssince 2009
from 2.8% 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
3.2%
+1.8 ptssince 2009
from 1.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.4%
+0.1 ptssince 2011
from 1.2% in 2011
US average: 5.2%
Labor force participation
52.8%
−9.5 ptssince 2011
from 62.2% in 2011
US average: 63.5%
Self-employed
11.0%
−2.3 ptssince 2009
from 13.3% in 2009
US average: 13.1%
Management & professional
52.4%
−15.2 ptssince 2009
from 67.6% in 2009
US average: 42.5%
Section 08

People & community

Male
48.7%
−2.4 ptssince 2009
from 51.1% in 2009
Female
51.3%
+2.4 ptssince 2009
from 48.9% in 2009
Foreign born
0.7%
Unchangedsince 2009
from 0.7% in 2009
US average: 14.1%
Veterans
11.7%
−38.8 ptssince 2009
from 50.5% in 2009
US average: 6.2%
With a disability
13.6%
+4.1 ptssince 2012
from 9.5% in 2012
US average: 13.3%
Uninsured
1.5%
−95.4 ptssince 2013
from 96.9% in 2013
US average: 8.4%
Broadband at home
93.0%
+15.9 ptssince 2017
from 77.1% in 2017
US average: 91.0%
English only at home
97.4%
−0.7 ptssince 2016
from 98.1% in 2016
US average: 77.7%
Spanish at home
0.7%
Unchangedsince 2016
from 0.7% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare The Lakes to nearby cities

THE LAKES VS
Marshall
Income$68,566−22%
Home value$210,300−47%
Population14,171+2286%
SEE FULL COMPARISON →
THE LAKES VS
Worthington
Income$61,797−30%
Home value$210,300−47%
Population13,979+2253%
SEE FULL COMPARISON →
THE LAKES VS
Brookings
Income$63,493−28%
Home value$265,500−33%
Population25,355+4169%
SEE FULL COMPARISON →
THE LAKES VS
Brandon
Income$110,806+26%
Home value$336,600−15%
Population11,306+1803%
SEE FULL COMPARISON →
Frequently asked

How many people live in The Lakes, Minnesota?

The Lakes, Minnesota has about 594 residents according to the 2024 American Community Survey.

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

The typical household in The Lakes, Minnesota earns about $87,969 a year. Half of households make more than that, and half make less.

Is The Lakes, Minnesota expensive?

In The Lakes, Minnesota, the median home is worth about $397,100.

How educated are people in The Lakes, Minnesota?

About 28.3% of adults age 25 and over in The Lakes, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in The Lakes, Minnesota?

About 3.5% of people in The Lakes, Minnesota live below the federal poverty line.

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

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