Minnesota Lake, MN Profile: Facts, Map & Data

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Minnesota Lake, Minnesota - Basic Facts

The City of Minnesota Lake had a population of 741 as of July 1, 2016.

The primary coordinate point for Minnesota Lake is located at latitude 43.8427 and longitude -93.828 in Faribault County. The formal boundaries for the City of Minnesota Lake (see map below) encompass a land area of 1.66 sq. miles and a water area of 0.51 sq. miles. Faribault County is in the Central time zone (GMT -6). The elevation is 1,043 feet.

The City of Minnesota Lake (GNIS ID: 2395349) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Minnesota Lake population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.

Alternate Unofficial Names for Minnesota Lake: City of Minnesota Lake.


Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.

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City of Minnesota Lake, MN Boundary Map



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Boundary Maps: Faribault County | Minnesota Counties

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Minnesota Lake, MN Data & Demographics (As of July 1, 2016)

POPULATION

Total Population 741
Population in Households 740
Population in Familes 585
Population in Group Qrtrs 1
Population Density1 446
Diversity Index2 9
 

HOUSEHOLDS

Total Households 321
Average Household Size 2.31
Family Households 208
Average Family Size 3

HOUSING

Total Housing Units 332 (100%)
Owner Occupied HU 265 (79.8%)
Renter Occupied HU 57 (17.2%)
Vacant Housing Units 11 ( 3.3%)
Median Home Value $102,308
Average Home Value $121,307
 

INCOME

Median Household Income $48,421
Average Household Income $66,634
Per Capita Income $29,123
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 1.22% 0.4%
Households 1.36% 0.55%
Families 1.29% 0.48%
Median Household Income   1.9%
Per Capita Income   2.12%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Minnesota Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Minnesota Lake to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2016 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 # 419 54th
Population Density1 # 526 42nd
Diversity Index2 # 676 26th
Median Household Income # 590 35th
Per Capita Income # 336 63rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.