Minnesota Lake is a small town of 608 in Minnesota, with a median household income of $65,938
and a 5.1% unemployment rate.
Its cost of living index is 93 (US average = 100), which is
7% below the national average.
Strengths:
Minnesota Lake stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include longer commutes, an elevated unemployment rate. Whether Minnesota Lake is right for you depends on your priorities — the full breakdown is below.
All Minnesota 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: 93.1
Minnesota Lake's overall cost of living index is 93.1,
where 100 represents the US national average.
Living in Minnesota Lake costs roughly 7% less than the average American city.
Metric
Minnesota Lake, MN
National Avg
Median Home Value
$127,300
$244,900
Median Monthly Rent
$825
$1,163
Homeownership Rate
82.7%
65.9%
Median Household Income
$65,938
$74,755
Crime & Safety
Very Safe
Minnesota Lake's violent crime rate is 153.8 per 100,000 residents
— 60% lower than the national average of ~380 per 100,000.
Violent Crime
153.8 /100k
Property Crime
271.0 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Minnesota 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
19.0%
35.4%
High School Diploma or Higher
94.0%
91.1%
Weather & Climate
Minnesota Lake sees average highs of 23.9°F in January
and 82.2°F in July,
with 34.5 inches of annual precipitation
and 40.1 inches of snow per year.
Minnesota Lake's cost of living index is 93, where 100 is the national average.
That makes Minnesota Lake roughly 7% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $127,300 and median rent is $825/month.
Minnesota Lake's violent crime rate is 153.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 271.0 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.
Minnesota Lake, MN has a population of 608, a median household income of $65,938, and an unemployment rate of 5.1%.
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.
Minnesota Lake averages 23.9°F in January and 82.2°F in July. Annual rainfall is 34.5 inches
with about 40.1 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Minnesota Lake, MN is covered by 1 ZIP code: 56068.
The population of Minnesota Lake, Minnesota is 608 with a median age of 44.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Minnesota Lake: cost of living index 93 (100 = US average), median home $127,300, median household income $65,938, crime index 29 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Minnesota Lake side by side with your current city to see the trade-offs.