Lake County, Minnesota
Income Data
At a Glance
How Lake County Compares
Detailed Income Statistics
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
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.