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The The Lakes CDP(1) had a population of 778 as of July 1, 2023. The Lakes ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.
The primary coordinate point for The Lakes is located at latitude 44.1383 and longitude -95.6653 in Murray County. The formal boundaries for the The Lakes Census Designated Place encompass a land area of 33.72 sq. miles and a water area of 9.73 sq. miles. Murray County is in the Central time zone (GMT -6).
The The Lakes Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
The The Lakes Census Designated Place is located within Township of Shetek, a minor civil division (MCD) of Murray County.
POPULATION | |
---|---|
Total Population | 778 (100%) |
Population in Households | 778 (100.0%) |
Population in Families | 650 (83.5%) |
Population in Group Quarters1 | 0 |
Population Density | 23 |
Diversity Index2 | 5 |
INCOME | |
Median Household Income | $100,000 |
Average Household Income | $119,200 |
% of Income for Mortgage4 | 20% |
Per Capita Income | $56,076 |
Wealth Index5 | 152 |
Socioeconomic Status Index6 | High (66.6) |
HOUSING | |
---|---|
Total HU (Housing Units) | 771 (100%) |
Owner Occupied HU | 338 (43.8%) |
Renter Occupied HU | 28 ( 3.6%) |
Vacant Housing Units | 405 (52.5%) |
Median Home Value | $334,783 |
Average Home Value | $348,299 |
Housing Affordability Index3 | 126 |
HOUSEHOLDS | |
Total Households | 366 |
Average Household Size | 2.13 |
Family Households | 253 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 8.88% | -0.21% |
Households | -0.42% | -0.16% |
Families | -0.16% | |
Median Household Income | 1.33% | |
Per Capita Income | 2.37% | |
Owner Occupied HU | -0.06% |
The table below compares The Lakes to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 405 | 56th |
Population Density | # 900 | 2nd |
Median Household Income | # 113 | 88th |
Housing Affordability Index | # 602 | 66th |
Per Capita Income | # 75 | 92nd |
Diversity Index | # 897 | 2nd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.
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