Lake Henry, MN Profile: Facts & Data

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Lake Henry, Minnesota - Basic Facts

The City of Lake Henry had a population of 103 as of July 1, 2019. Lake Henry ranks in the lower 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 Henry is located at latitude 45.4605 and longitude -94.7964 in Stearns County. The formal boundaries for the City of Lake Henry encompass a land area of 0.2 sq. miles and a water area of 0 sq. miles. Stearns County is in the Central time zone (GMT -6). The elevation is 1,309 feet.

The City of Lake Henry (GNIS ID: 2395591) 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 Henry: City of Lake Henry.

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

HOUSING AFFORDABILITY INDEX

Lake Henry, MN Housing Affordability Index is 0
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 Henry, MN Wealth Index is 104
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 103 (100%)
Population in Households 103 (100.0%)
Population in Families 88 (85.4%)
Population in Group Quarters1 0
Population Density 520
Diversity Index2 8
 

INCOME

Median Household Income $67,846
Average Household Income $83,475
Per Capita Income $32,633
Wealth Index4 104

HOUSING

Total Housing Units 52 (100%)
Owner Occupied HU 39 (75.0%)
Renter Occupied HU 8 (15.4%)
Vacant Housing Units 5 ( 9.6%)
Median Home Value $250,000
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 47
Average Household Size 2.19
Family Households 34
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 0.0% 0.19%
Households 0.0% 0.0%
Families 4.82% 0.0%
Median Household Income   4.78%
Per Capita Income   3.68%

Lake Henry, MN - Peer Comparisons by Rank and Percentile

The table below compares Lake Henry 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 # 800 11th
Population Density # 487 46th
Diversity Index # 776 15th
Median Household Income # 273 70th
Per Capita Income # 339 63rd

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

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