Lake County, Minnesota

Income Data

+0% vs. Minnesota average
$75,621
Median Household Income
$40,666
Per Capita Income

At a Glance

Median Household Income
$75,621
+0% vs. state avg
Per Capita Income
$40,666
+3% vs. national
Income-to-Housing Ratio
33.9%
income as % of home value
Rank in Minnesota
#28 / 87
by median household income

How Lake County Compares

Lake County$75,621
Minnesota Average$75,757
National Median$74,755

Detailed Income Statistics

$75,621
Median Household Income
$40,666
Per Capita Income
$222,900
Median Home Value
33.9%
Income-to-Housing Ratio

Data Story

About Household Income in Lake County, Minnesota

Lake County Edges Out National Median

Lake County's median household income of $75,621 exceeds the national median of $74,755 by $866, placing it solidly in the upper-middle range nationally. The county outperforms typical American households and ranks among stronger income earners.

Right at Minnesota's State Average

Lake County's median of $75,621 closely matches Minnesota's state average of $75,757, trailing by just $136. The county ranks in the upper-middle tier among Minnesota's 87 counties, reflecting a strong local economy.

Regional Income Leader

Lake County's $75,621 median tops most neighboring counties, surpassing Kanabec ($71,915), Kandiyohi ($75,097), and Kittson ($69,615). Only Le Sueur County ($90,218) significantly outearns Lake County in the broader region.

Solid Housing Affordability

Lake County's rent-to-income ratio of 16.3% keeps housing costs well below the 30% affordability threshold. A median home value of $222,900 is reasonable for households earning the county median, though requires solid savings.

Build Lasting Wealth in Lake County

Lake County's median income of $75,621 provides a strong platform for savings and investment with reasonable housing costs. Consider maximizing tax-advantaged retirement accounts, diversifying with index funds or ETFs, and building an emergency fund covering 6-12 months of expenses.

Frequently Asked Questions

What is the median household income in Lake County, Minnesota?
The median household income in Lake County, Minnesota is $75,621, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lake County?
The per capita income in Lake County is $40,666, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $75,621.
How does Lake County compare to the Minnesota average?
Lake County's median household income of $75,621 is lower than the Minnesota state average of $75,757. The per capita income is $40,666, compared to the state average of $39,335.
What is the per capita income in Lake County, Minnesota?
The per capita income in Lake County, Minnesota is $40,666, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Lake County a low-income area in Minnesota?
Lake County's median household income of $75,621 is below the Minnesota average of $75,757. The per capita income of $40,666 is also comparable to the state average of $39,335. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Lake County rank for income in Minnesota?
Lake County ranks #28 out of 87 counties in Minnesota by median household income (1 = highest). With a median household income of $75,621 and per capita income of $40,666, it falls in the top third of counties statewide.

Income Comparison Calculator

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County median: $75,621 per year

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.