Median Income
$96,176
household / year
Median Home Value
$340,700
owner-occupied
Median Rent
$1,370
gross / month
Cost of Living
104
national avg = 100

Is Lakeland, MN a Good Place to Live?

Lakeland is a small town of 1,637 in Minnesota, with a median household income of $96,176 and a 4.8% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Lakeland stands out for solid school ratings (B+), a well-educated population, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Lakeland is right for you depends on your priorities — the full breakdown is below.

All Lakeland 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: 104.5

Lakeland's overall cost of living index is 104.5, where 100 represents the US national average. Living in Lakeland costs roughly 4% more than the average American city.

Metric Lakeland, MN National Avg
Median Home Value $340,700 $244,900
Median Monthly Rent $1,370 $1,163
Homeownership Rate 84.3% 65.9%
Median Household Income $96,176 $74,755

Crime & Safety

Very Safe

Lakeland's violent crime rate is 117.4 per 100,000 residents — 69% lower than the national average of ~380 per 100,000.

Violent Crime
117.4 /100k
Property Crime
1118.4 /100k

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

Schools & Education

Lakeland is served primarily by Stillwater Area Public Schools. The student-to-teacher ratio is 17.7:1 (slightly above the national average of ~16:1).

Metric Lakeland, MN National Avg
School District Stillwater Area Public Schools —
Elementary Schools 8 —
Middle Schools 2 —
High Schools 4 —
Student/Teacher Ratio 17.7:1 16:1
Bachelor's Degree or Higher 40.6% 35.4%
High School Diploma or Higher 97.4% 91.1%

Weather & Climate

Lakeland sees average highs of 26.7°F in January and 85.3°F in July, with 35.1 inches of annual precipitation and 49.7 inches of snow per year.

MetricLakeland, MN
Average High — January26.7°F
Average High — July85.3°F
Annual Precipitation35.1"
Annual Snowfall49.7"

Demographics

MetricLakeland, MNNational Avg
Population1,637—
Median Age52.338.9
Unemployment Rate4.8%3.7%
Avg Commute Time25.1 min26 min
White (non-Hispanic)94.3%59.3%
Black or African American0.7%13.6%
Hispanic or Latino3.5%18.9%
Asian0.6%6.3%
Under 1816.1%22.2%
65 and over22.8%16.8%

Nearby Cities

ZIP Codes in Lakeland

Lakeland, MN is covered by 1 ZIP code:

Lakeland vs Other Cities

Frequently Asked Questions

Lakeland's cost of living index is 104, where 100 is the national average. That puts Lakeland roughly 4% above the national average in cost. The median home price is $340,700 and median rent is $1,370/month.
Lakeland's violent crime rate is 117.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1118.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lakeland are operated by Stillwater Area Public Schools. The district has 8 elementary, 2 middle, and 4 high schools. The student-to-teacher ratio is 17.7:1. 40.6% of adults 25+ hold a bachelor's degree or higher.
Lakeland, MN has a population of 1,637, a median household income of $96,176, and an unemployment rate of 4.8%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lakeland averages 26.7°F in January and 85.3°F in July. Annual rainfall is 35.1 inches with about 49.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Lakeland, MN is covered by 1 ZIP code: 55043.
The population of Lakeland, Minnesota is 1,637 with a median age of 52.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lakeland: cost of living index 104 (100 = US average), median home $340,700, median household income $96,176, crime index 40 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Lakeland side by side with your current city to see the trade-offs.