The Lakes is a small town of 647 in Minnesota, with a median household income of $85,833
and a 2.3% unemployment rate.
Strengths:
The Lakes stands out for solid school ratings (B+).
Trade-offs:
Potential downsides include longer commutes. Whether The Lakes is right for you depends on your priorities — the full breakdown is below.
All The Lakes city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Cost of living data is based on the Bureau of Economic Analysis Regional Price Parities for the The Lakes metro area.
Metric
The Lakes, MN
National Avg
Median Home Value
$360,000
$244,900
Median Monthly Rent
N/A
$1,163
Homeownership Rate
93.3%
65.9%
Median Household Income
$85,833
$74,755
Crime & Safety
Very Safe
The Lakes's violent crime rate is 61.0 per 100,000 residents
— 84% lower than the national average of ~380 per 100,000.
Violent Crime
61.0 /100k
Property Crime
390.5 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
The Lakes is served primarily by TRACY AREA PUBLIC SCHOOL DISTRICT.
The student-to-teacher ratio is 13.1:1
(better than the national average of ~16:1).
Metric
The Lakes, MN
National Avg
School District
TRACY AREA PUBLIC SCHOOL DISTRICT
—
Elementary Schools
1
—
Middle Schools
N/A
—
High Schools
1
—
Student/Teacher Ratio
13.1:1
16:1
Bachelor's Degree or Higher
27.7%
35.4%
High School Diploma or Higher
98.7%
91.1%
Weather & Climate
The Lakes sees average highs of 22.8°F in January
and 82.2°F in July,
with 29.2 inches of annual precipitation
and 49.3 inches of snow per year.
The Lakes has a median home value of $360,000 and median rent of N/A/month against a median household income of $85,833.
The Lakes's violent crime rate is 61.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 390.5 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in The Lakes are operated by TRACY AREA PUBLIC SCHOOL DISTRICT.
The district has 1 elementary, several middle, and 1 high schools.
The student-to-teacher ratio is 13.1:1. 27.7% of adults 25+ hold a bachelor's degree or higher.
The Lakes, MN has a population of 647, a median household income of $85,833, and an unemployment rate of 2.3%.
Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
The Lakes averages 22.8°F in January and 82.2°F in July. Annual rainfall is 29.2 inches
with about 49.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
The Lakes, MN is covered by 4 ZIP codes: 56132, 56175, 56172, 56123.
The population of The Lakes, Minnesota is 647 with a median age of 63.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in The Lakes: median home $360,000, median household income $85,833, crime index 17 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare The Lakes side by side with your current city to see the trade-offs.