Howard Lake, MN Profile: Facts & Data

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Howard Lake, Minnesota - Basic Facts

The City of Howard Lake had a population of 2,085 as of July 1, 2023. Howard Lake ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Howard Lake is located at latitude 45.0608 and longitude -94.0733 in Wright County. The formal boundaries for the City of Howard Lake encompass a land area of 1.88 sq. miles and a water area of 0.28 sq. miles. Wright County is in the Central time zone (GMT -6).

The City of Howard Lake 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.


Jump to... (On This Page!)
  1. Howard Lake 2023 Demographic Data
  2. Growth Rates for Howard Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2023 Demographics
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Howard Lake, MN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,085 (100%)
Population in Households 2,046 (98.1%)
Population in Families 1,638 (78.6%)
Population in Group Quarters1 39 ( 1.9%)
Population Density 1,126
Diversity Index2 20
 
 

INCOME

Median Household Income $79,826
Average Household Income $94,001
% of Income for Mortgage4 22%
Per Capita Income $38,569
Wealth Index5 78
Socioeconomic Status Index6 Moderate (55.9)
 

HOUSING

Total HU (Housing Units) 912 (100%)
Owner Occupied HU 625 (68.5%)
Renter Occupied HU 230 (25.2%)
Vacant Housing Units 57 ( 6.2%)
Median Home Value $289,815
Average Home Value $343,640
Housing Affordability Index3 107
 

HOUSEHOLDS

Total Households 855
Average Household Size 2.39
Family Households 524
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races 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.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.21% 0.44%
Households 0.29% 0.71%
Families   0.42%
Median Household Income   3.50%
Per Capita Income   2.71%
Owner Occupied HU   1.16%

Howard Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Howard Lake 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 # 257 72nd
Population Density # 234 75th
Median Household Income # 297 68th
Housing Affordability Index # 420 46th
Per Capita Income # 474 48th
Diversity Index # 465 49th

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

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