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CITY · 2020 ACS

The Lakes

Minnesota · 590 residents · 33.699 sq mi
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The short version

The Lakes is wealthier than most US places, with a median household income of $86,000. Population has declined 5% since 2000. Median home value has more than doubled since 2000, reaching $308,900. With a median age of 62.5, the population is older than the US median of 38.8. Poverty is rare here, at 2.0% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 62.5
US median: 38.8
Less educated
25% hold a bachelor's degree
US average: 33%
Less affordable
home values up 82%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
590
−5%since 2000
from 619 in 2000
2000 – 2024
Population density
18 / sq mi
−5%since 2000
from 18 / sq mi in 2000
US average: 280
Median age
62.5
+27%since 2000
from 49.2 in 2000
US average: 38.8
Population, 2000 – 2024
5425846256667082000201020202024The Lakes
2024594
2000201020202024
Section 02

Income & economy

Median household income
$86,000
+32%inflation adjusted, since 2000
from $43,250 in 2000
US average: $66,278
2000 – 2024
Per capita income
$49,922
+108%since 2000
from $23,980 in 2000
US average: $35,364
Households earning $100K+
55.6%
+14.0 ptssince 2009
from 41.5% in 2009
US average: 43.9%
Poverty rate
2.0%
+1.1 ptssince 2000
from 0.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Information16.2%
US avg: 11.1%
Agriculture, forestry, fishing10.6%
US avg: 1.7%
Construction10.2%
US avg: 1.2%
Retail trade6.3%
US avg: 10%
Other services5.3%
US avg: 6.6%
Public administration4.6%
US avg: 4.7%
Wholesale trade4.3%
US avg: 6.7%
Finance & insurance2.6%
US avg: 5.5%
Transportation & warehousing2%
US avg: 2.5%
Professional, scientific, technical1.7%
US avg: 4.7%
Education & health services1%
US avg: 0.8%
Arts, entertainment, food0.7%
US avg: 2%
Manufacturing0.3%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$308,900
+82%inflation adjusted, since 2000
from $112,900 in 2000
US average: $265,253
2000 – 2024
Owner-occupied
92.5%
−0.8 ptssince 2000
from 93.3% in 2000
7.5% rent
Afford Score
3.6
+38%since 2000
from 2.6 in 2000
2000 – 2024
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)
2020
White, non-Hispanic98.3%(580)
Black0%(0)
Hispanic / Latino0.3%(2)
Asian0.3%(2)
Other2.1%(12)
Diversity Score6.8%(40)
Diversity Score
7
+1566%since 2000
from 0 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
24.9%
+4.2 ptssince 2000
from 20.6% in 2000
US average: 32.9%
High school or higher
95.1%
+4.9 ptssince 2000
from 90.2% in 2000
US average: 88.5%
Graduate degree
8.3%
+3.3 ptssince 2000
from 5.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
25.5 min
+63%since 2000
from 15.7 min in 2000
US average: 26.9
Drive alone to work
74.9%
+3.8 ptssince 2009
from 71.2% in 2009
US average: 75.1%
No vehicle available
0.6%
−0.8 ptssince 2009
from 1.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.5%
+2.3 ptssince 2011
from 1.2% in 2011
US average: 5.4%
Labor force participation
51.0%
−11.3 ptssince 2011
from 62.2% in 2011
US average: 63.4%
Management & professional
45.5%
−22.0 ptssince 2009
from 67.6% in 2009
US average: 39.3%
Section 08

People & community

Male
46.3%
−4.8 ptssince 2009
from 51.1% in 2009
Female
53.7%
+4.8 ptssince 2009
from 48.9% in 2009
Foreign born
0.5%
−0.3 ptssince 2009
from 0.7% in 2009
US average: 13.5%
Uninsured
1.2%
−95.7 ptssince 2013
from 96.9% in 2013
US average: 8.8%
Drill deeper

Places similar to The Lakes

Roeville
Pop 629
Spring Lake
Pop 563
Appling
Pop 702
Cinco Bayou
Pop 473
Places similar to The Lakes
Head to head

Compare The Lakes to nearby cities

THE LAKES VS
Marshall
Income$68,566−20%
Home value$210,300−32%
Population14,171+2286%
SEE FULL COMPARISON →
THE LAKES VS
Worthington
Income$61,797−28%
Home value$210,300−32%
Population13,979+2253%
SEE FULL COMPARISON →
THE LAKES VS
Brookings
Income$63,493−26%
Home value$265,500−14%
Population25,355+4169%
SEE FULL COMPARISON →
THE LAKES VS
Brandon
Income$110,806+29%
Home value$336,600+9%
Population11,306+1803%
SEE FULL COMPARISON →
Frequently asked

How many people live in The Lakes, Minnesota?

The Lakes, Minnesota has about 590 residents according to the 2020 American Community Survey.

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

The typical household in The Lakes, Minnesota earns about $86,000 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 $308,900.

How educated are people in The Lakes, Minnesota?

About 24.9% 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 2.0% 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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