Lake Wilson, MN Profile: Facts & Data

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Lake Wilson, Minnesota - Basic Facts

The City of Lake Wilson had a population of 242 as of July 1, 2019. Lake Wilson ranks in the upper quartile for 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 Lake Wilson is located at latitude 43.9966 and longitude -95.9528 in Murray County. The formal boundaries for the City of Lake Wilson encompass a land area of 0.42 sq. miles and a water area of 0.08 sq. miles. Murray County is in the Central time zone (GMT -6). The elevation is 1,660 feet.

The City of Lake Wilson (GNIS ID: 2395606) 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 Lake Wilson: City of Lake Wilson.

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  1. Lake Wilson 2019 Demographic Data
  2. Growth Rates for Lake Wilson (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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Lake Wilson, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lake Wilson, MN Housing Affordability Index is 274
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

Lake Wilson, MN Wealth Index is 114
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 242 (100%)
Population in Households 242 (100.0%)
Population in Families 208 (86.0%)
Population in Group Quarters1 0
Population Density 575
Diversity Index2 32
 

INCOME

Median Household Income $54,486
Average Household Income $81,490
Per Capita Income $33,359
Wealth Index4 114

HOUSING

Total Housing Units 135 (100%)
Owner Occupied HU 102 (75.6%)
Renter Occupied HU 21 (15.6%)
Vacant Housing Units 12 ( 8.9%)
Median Home Value $108,333
Housing Affordability Index3 274
 

HOUSEHOLDS

Total Households 123
Average Household Size 1.97
Family Households 89
Average Family Size 2
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 -0.39% -0.5%
Households -0.43% -0.49%
Families 2.32% -0.68%
Median Household Income   1.42%
Per Capita Income   2.44%

Lake Wilson, MN - Peer Comparisons by Rank and Percentile

The table below compares Lake Wilson 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 # 655 28th
Population Density # 459 49th
Diversity Index # 163 82nd
Median Household Income # 571 37th
Per Capita Income # 297 67th

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

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