Minnesota Lake, MN Profile: Facts & Data

Minnesota Lake, Minnesota - Basic Facts

The City of Minnesota Lake had a population of 684 as of July 1, 2025.

The primary coordinate point for Minnesota Lake is located at latitude 43.8419 and longitude -93.8319 in Faribault County. The formal boundaries for the City of Minnesota Lake 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 City of Minnesota 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.

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Minnesota Lake, MN Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	684 (100%)
Population in Households	684 (100.0%)
Population in Families	514 (75.1%)
Population in Group Quarters¹	0
Population Density	422
Diversity Index²	19


INCOME
Median Household Income	$66,192
Average Household Income	$82,042
% of Income for Mortgage⁴	14%
Per Capita Income	$35,383
Wealth Index⁵	72
Socioeconomic Status Index⁶	Moderate (50.5)

HOUSING
Total HU (Housing Units)	323 (100%)
Owner Occupied HU	229 (70.9%)
Renter Occupied HU	66 (20.4%)
Vacant Housing Units	28 ( 8.7%)
Median Home Value	$147,159
Average Home Value	$196,703
Housing Affordability Index³	158

HOUSEHOLDS
Total Households	295
Average Household Size	2.32
Family Households	170
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

323 (100%)

Owner Occupied HU

229 (70.9%)

Renter Occupied HU

66 (20.4%)

Vacant Housing Units

28 ( 8.7%)

Median Home Value

$147,159

Average Home Value

$196,703

Housing Affordability Index³

158

HOUSEHOLDS

Total Households

295

Average Household Size

2.32

Family Households

170

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2025	2025-2030
Population	0.65%	0.20%
Households	-0.51%	-0.34%
Families		-0.72%
Median Household Income		0.72%
Per Capita Income		0.78%
Owner Occupied HU		-0.35%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

0.65%

0.20%

Households

-0.51%

-0.34%

Families

-0.72%

Median Household Income

0.72%

Per Capita Income

0.78%

Owner Occupied HU

-0.35%

Minnesota Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Minnesota Lake to the other 915 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2025 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	# 437	52nd
Population Density	# 547	40th
Median Household Income	# 699	24th
Housing Affordability Index	# 855	93rd
Per Capita Income	# 680	26th
Diversity Index	# 559	39th

Variable Description

Rank

Percentile

Total Population

# 437

52nd

Population Density

# 547

40th

Median Household Income

# 699

24th

Housing Affordability Index

# 855

93rd

Per Capita Income

# 680

26th

Diversity Index

# 559

39th

Minnesota Census Data Comparison Tool

Minnesota Lake, MN Profile: Facts & Data

Minnesota Lake, Minnesota - Basic Facts

Minnesota Lake, MN Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Minnesota Lake, MN - Peer Comparisons by Rank and Percentile

Minnesota Lake, MN - Most Popular Things to Do

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Faribault County