Pequot Lakes, MN Profile: Facts & Data

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Pequot Lakes, Minnesota - Basic Facts

The City of Pequot Lakes had a population of 2,452 as of July 1, 2019. Pequot 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 Pequot Lakes is located at latitude 46.603 and longitude -94.3094 in Crow Wing County. The formal boundaries for the City of Pequot Lakes encompass a land area of 16.33 sq. miles and a water area of 1.8 sq. miles. Crow Wing County is in the Central time zone (GMT -6). The elevation is 1,283 feet.

The City of Pequot Lakes (GNIS ID: 2396180) 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 Pequot Lakes: City of Pequot Lakes.

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  1. Pequot Lakes 2019 Demographic Data
  2. Growth Rates for Pequot Lakes (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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Pequot Lakes, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Pequot Lakes, MN Housing Affordability Index is 142
State of Minnesota Housing Affordability Index is 135
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.

WEALTH INDEX

Pequot Lakes, MN Wealth Index is 57
State of Minnesota Wealth Index is 112
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,452 (100%)
Population in Households 2,449 (99.9%)
Population in Families 1,903 (77.6%)
Population in Group Quarters1 3 ( 0.1%)
Population Density 150
Diversity Index2 8
 

INCOME

Median Household Income $46,672
Average Household Income $60,748
Per Capita Income $25,937
Wealth Index4 57

HOUSING

Total Housing Units 1,526 (100%)
Owner Occupied HU 686 (45.0%)
Renter Occupied HU 383 (25.1%)
Vacant Housing Units 457 (29.9%)
Median Home Value $179,118
Housing Affordability Index3 142
 

HOUSEHOLDS

Total Households 1,069
Average Household Size 2.29
Family Households 664
Average Family Size 3
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 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.
  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 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.37% 1.09%
Households 1.23% 1.06%
Families 1.55% 0.97%
Median Household Income   1.36%
Per Capita Income   2.06%

Pequot Lakes, MN - Peer Comparisons by Rank and Percentile

The table below compares Pequot Lakes to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 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 # 238 74th
Population Density # 748 17th
Diversity Index # 760 16th
Median Household Income # 771 15th
Per Capita Income # 732 19th

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

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