Twin Lakes, MN Profile: Facts & Data

Twin Lakes, Minnesota - Basic Facts

The City of Twin Lakes had a population of 142 as of July 1, 2024.

The primary coordinate point for Twin Lakes is located at latitude 43.5597 and longitude -93.423 in Freeborn County. The formal boundaries for the City of Twin Lakes encompass a land area of 0.49 sq. miles and a water area of 0.02 sq. miles. Freeborn County is in the Central time zone (GMT -6).

The City of Twin Lakes 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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Twin Lakes, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	142 (100%)
Population in Households	142 (100.0%)
Population in Families	117 (82.4%)
Population in Group Quarters¹	0
Population Density	292
Diversity Index²	18


INCOME
Median Household Income	$91,639
Average Household Income	$123,203
% of Income for Mortgage⁴	20%
Per Capita Income	$59,866
Wealth Index⁵	144
Socioeconomic Status Index⁶	Moderate (52.7)

HOUSING
Total HU (Housing Units)	85 (100%)
Owner Occupied HU	53 (62.4%)
Renter Occupied HU	16 (18.8%)
Vacant Housing Units	16 (18.8%)
Median Home Value	$286,111
Average Home Value	$339,151
Housing Affordability Index³	122

HOUSEHOLDS
Total Households	69
Average Household Size	2.06
Family Households	47
Average Family Size	2.00

HOUSING

Total HU (Housing Units)

85 (100%)

Owner Occupied HU

53 (62.4%)

Renter Occupied HU

16 (18.8%)

Vacant Housing Units

16 (18.8%)

Median Home Value

$286,111

Average Home Value

$339,151

Housing Affordability Index³

122

HOUSEHOLDS

Total Households

Average Household Size

2.06

Family Households

Average Family Size

2.00

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	2020-2024	2024-2029
Population	1.37%	0.00%
Households	0.34%	0.00%
Families		2.82%
Median Household Income		3.91%
Per Capita Income		3.27%
Owner Occupied HU		1.11%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.37%

0.00%

Households

0.34%

0.00%

Families

2.82%

Median Household Income

3.91%

Per Capita Income

3.27%

Owner Occupied HU

1.11%

Twin Lakes, MN - Peer Comparisons by Rank and Percentile

The table below compares Twin Lakes to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 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	# 747	18th
Population Density	# 635	31st
Median Household Income	# 239	74th
Housing Affordability Index	# 651	71st
Per Capita Income	# 70	92nd
Diversity Index	# 553	40th

Variable Description

Rank

Percentile

Total Population

# 747

18th

Population Density

# 635

31st

Median Household Income

# 239

74th

Housing Affordability Index

# 651

71st

Per Capita Income

# 70

92nd

Diversity Index

# 553

40th

Minnesota Census Data Comparison Tool

Twin Lakes, MN Profile: Facts & Data

Twin Lakes, Minnesota - Basic Facts

Twin Lakes, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Twin Lakes, MN - Peer Comparisons by Rank and Percentile

Twin Lakes, MN - Most Popular Things to Do

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