Lake Park is a small town of 602 in Minnesota, with a median household income of $63,125
and a 0.6% unemployment rate.
Its cost of living index is 92 (US average = 100), which is
8% below the national average.
Strengths:
Lake Park stands out for an affordable cost of living, below-average home prices, lower-than-average crime, solid school ratings (B+).
Trade-offs:
No major red flags stand out in the available data. Whether Lake Park is right for you depends on your priorities — the full breakdown is below.
All Lake Park 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: 92.2
Lake Park's overall cost of living index is 92.2,
where 100 represents the US national average.
Living in Lake Park costs roughly 8% less than the average American city.
Metric
Lake Park, MN
National Avg
Median Home Value
$132,700
$244,900
Median Monthly Rent
$717
$1,163
Homeownership Rate
86.9%
65.9%
Median Household Income
$63,125
$74,755
Crime & Safety
Very Safe
Lake Park's violent crime rate is 139.7 per 100,000 residents
— 63% lower than the national average of ~380 per 100,000.
Violent Crime
139.7 /100k
Property Crime
558.7 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Lake Park is served primarily by LAKE PARK AUDUBON SCHOOL DISTRICT.
The student-to-teacher ratio is 10.8:1
(better than the national average of ~16:1).
Metric
Lake Park, MN
National Avg
School District
LAKE PARK AUDUBON SCHOOL DISTRICT
—
Elementary Schools
1
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
10.8:1
16:1
Bachelor's Degree or Higher
18.6%
35.4%
High School Diploma or Higher
94.4%
91.1%
Weather & Climate
Lake Park sees average highs of 17.2°F in January
and 79.2°F in July,
with 26.8 inches of annual precipitation
and 47.6 inches of snow per year.
Lake Park's cost of living index is 92, where 100 is the national average.
That makes Lake Park roughly 8% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $132,700 and median rent is $717/month.
Lake Park's violent crime rate is 139.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 558.7 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lake Park are operated by LAKE PARK AUDUBON SCHOOL DISTRICT.
The district has 1 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 10.8:1. 18.6% of adults 25+ hold a bachelor's degree or higher.
Lake Park, MN has a population of 602, a median household income of $63,125, and an unemployment rate of 0.6%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. 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 Park averages 17.2°F in January and 79.2°F in July. Annual rainfall is 26.8 inches
with about 47.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Lake Park, MN is covered by 1 ZIP code: 56554.
The population of Lake Park, Minnesota is 602 with a median age of 35.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lake Park: cost of living index 92 (100 = US average), median home $132,700, median household income $63,125, crime index 33 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Lake Park side by side with your current city to see the trade-offs.
