Last updated: 2024 BLS data · Page refreshed:
Forest Lake has a population of 20,729 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 20,729 |
| Median Age | 39.6 |
| White | 86.4% |
| Black or African American | 3.0% |
| Asian | 3.6% |
| Hispanic or Latino | 3.8% |
| Other / Two or More Races | 3.2% |
The median household income in Forest Lake is $92,944, which is 15.3% above the national median of $80,610. The per capita income is $46,249. The poverty rate is 7.0%.
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In Forest Lake, 94.6% of residents age 25+ have a high school diploma or higher, and 35.4% hold a bachelor's degree or higher (11.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.6% |
| Bachelor's Degree or Higher | 35.4% |
| Graduate or Professional Degree | 11.7% |
The median home value in Forest Lake is $393,500, above the national median of $303,400. The median monthly rent is $1,421. The homeownership rate is 72.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $393,500 |
| Median Monthly Rent | $1,421 |
| Homeownership Rate | 72.9% |
| Vacancy Rate | 5.0% |
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