Commercial businesses on east side of Main Street, Madison Lake, Minnesota · Myotus / CC BY 4.0City Hall, Madison Lake, Minnesota · Myotus / CC BY 4.0Former fire station, Madison Lake, Minnesota · Myotus / CC BY 4.0Post Office, Madison Lake, Minnesota · Myotus / CC BY 4.0
Madison Lake is a small town of 1,190 in Minnesota, with a median household income of $104,583
and a 2.4% unemployment rate.
Its cost of living index is 88 (US average = 100), which is
12% below the national average.
Strengths:
Madison Lake stands out for an affordable cost of living, lower-than-average crime, a well-educated population, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Madison Lake is right for you depends on your priorities — the full breakdown is below.
All Madison Lake 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: 87.6
Madison Lake's overall cost of living index is 87.6,
where 100 represents the US national average.
Living in Madison Lake costs roughly 12% less than the average American city.
Metric
Madison Lake, MN
National Avg
Median Home Value
$270,800
$244,900
Median Monthly Rent
$917
$1,163
Homeownership Rate
72.1%
65.9%
Median Household Income
$104,583
$74,755
Crime & Safety
Very Safe
Madison Lake's violent crime rate is 75.9 per 100,000 residents
— 80% lower than the national average of ~380 per 100,000.
Violent Crime
75.9 /100k
Property Crime
531.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Madison Lake, 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
44.7%
35.4%
High School Diploma or Higher
97.0%
91.1%
Weather & Climate
Madison Lake sees average highs of 23.7°F in January
and 81.9°F in July,
with 36.4 inches of annual precipitation
and 38.7 inches of snow per year.
Madison Lake's cost of living index is 88, where 100 is the national average.
That makes Madison Lake roughly 12% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $270,800 and median rent is $917/month.
Madison Lake's violent crime rate is 75.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 531.1 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.
Madison Lake, MN has a population of 1,190, a median household income of $104,583, and an unemployment rate of 2.4%.
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.
Madison Lake averages 23.7°F in January and 81.9°F in July. Annual rainfall is 36.4 inches
with about 38.7 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Madison Lake, MN is covered by 1 ZIP code: 56063.
The population of Madison Lake, Minnesota is 1,190 with a median age of 40.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Madison Lake: cost of living index 88 (100 = US average), median home $270,800, median household income $104,583, crime index 22 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Madison Lake side by side with your current city to see the trade-offs.
