Median Income
$67,500
household / year
Median Home Value
$209,100
owner-occupied
Median Rent
$933
gross / month
Cost of Living
97
national avg = 100

Is Lake George, MN a Good Place to Live?

Lake George is a small town of 256 in Minnesota, with a median household income of $67,500 and a 16.1% unemployment rate. Its cost of living index is 97 (US average = 100), which is 3% below the national average.

Strengths: Lake George stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Lake George is right for you depends on your priorities — the full breakdown is below.

All Lake George city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 96.6

Lake George's overall cost of living index is 96.6, where 100 represents the US national average. Living in Lake George costs roughly 3% less than the average American city.

Metric Lake George, MN National Avg
Median Home Value $209,100 $244,900
Median Monthly Rent $933 $1,163
Homeownership Rate 86.4% 65.9%
Median Household Income $67,500 $74,755

Crime & Safety

Very Safe

Lake George's violent crime rate is 214.0 per 100,000 residents — 44% lower than the national average of ~380 per 100,000.

Violent Crime
214.0 /100k
Property Crime
967.8 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Lake George, MN National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 25.8% 35.4%
High School Diploma or Higher 98.9% 91.1%

Weather & Climate

Lake George sees average highs of 16.9°F in January and 78.8°F in July, with 27.6 inches of annual precipitation and 51.6 inches of snow per year.

MetricLake George, MN
Average High — January16.9°F
Average High — July78.8°F
Annual Precipitation27.6"
Annual Snowfall51.6"

Demographics

MetricLake George, MNNational Avg
Population256—
Median Age49.238.9
Unemployment Rate16.1%3.7%
Avg Commute Time28.0 min26 min
White (non-Hispanic)92.6%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.4%18.9%
Asian0.0%6.3%
Under 1815.2%22.2%
65 and over29.3%16.8%

Nearby Cities

ZIP Codes in Lake George

Lake George, MN is covered by 1 ZIP code:

Lake George vs Other Cities

Frequently Asked Questions

Lake George's cost of living index is 97, where 100 is the national average. That makes Lake George roughly 3% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $209,100 and median rent is $933/month.
Lake George's violent crime rate is 214.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 967.8 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Lake George, MN has a population of 256, a median household income of $67,500, and an unemployment rate of 16.1%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lake George averages 16.9°F in January and 78.8°F in July. Annual rainfall is 27.6 inches with about 51.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Lake George, MN is covered by 1 ZIP code: 56458.
The population of Lake George, Minnesota is 256 with a median age of 49.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lake George: cost of living index 97 (100 = US average), median home $209,100, median household income $67,500, crime index 52 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Lake George side by side with your current city to see the trade-offs.