The City of Madison Lake had a population of 1,166 as of July 1, 2021.
The primary coordinate point for Madison Lake is located at latitude 44.2044 and longitude -93.8155 in Blue Earth County. The formal boundaries for the City of Madison Lake encompass a land area of 1.03 sq. miles and a water area of 0.01 sq. miles. Blue Earth County is in the Central time zone (GMT -6). The elevation is 1,047 feet.
The City of Madison 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.
Alternate Unofficial Names for Madison Lake: City of Madison Lake.
|Total Population||1,166 (100%)|
|Population in Households||1,164 (99.8%)|
|Population in Families||947 (81.2%)|
|Population in Group Quarters1||2 ( 0.2%)|
|Median Household Income||$81,925|
|Average Household Income||$92,169|
|% of Income for Mortgage4||18%|
|Per Capita Income||$36,323|
|Total HU (Housing Units)||495 (100%)|
|Owner Occupied HU||339 (68.5%)|
|Renter Occupied HU||118 (23.8%)|
|Vacant Housing Units||38 ( 7.7%)|
|Median Home Value||$355,970|
|Average Home Value||$373,145|
|Housing Affordability Index3||139|
|Average Household Size||2.55|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.43%|
|Per Capita Income||2.26%|
|Owner Occupied HU||1.82%|
The table below compares Madison Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2021 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.
|Total Population||# 341||62nd|
|Population Density||# 249||73rd|
|Median Household Income||# 139||85th|
|Housing Affordability Index||# 215||24th|
|Per Capita Income||# 206||77th|
|Diversity Index||# 490||46th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.