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Gem Lake, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
483
Population
$124,583
Median Income
$568,900
Home Value
57.3
Median Age

Demographics

Gem Lake has a population of 483 with a median age of 57.3. Here is the racial and ethnic breakdown of the population:

White
95.0%
Other
3.6%
Asian
1.4%
Demographic Value
Total Population483
Median Age57.3
White95.0%
Asian1.4%
Other / Two or More Races3.6%
Gem Lake, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.0%Other: 3.6%Other: 1.4%483PopulationWhiteWhite95.0%OtherOther3.6%OtherOther1.4%

Income & Economy

The median household income in Gem Lake is $124,583, which is 54.6% above the national median of $80,610. The per capita income is $69,953. The poverty rate is 3.1%.

$124,583
Median Household Income
$69,953
Per Capita Income
3.1%
Poverty Rate

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Education

In Gem Lake, 100.0% of residents age 25+ have a high school diploma or higher, and 50.9% hold a bachelor's degree or higher (22.1% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
50.9%
Graduate+
22.1%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher50.9%
Graduate or Professional Degree22.1%

Housing

The median home value in Gem Lake is $568,900, above the national median of $303,400. The median monthly rent is $1,800. The homeownership rate is 87.1%.

$568,900
Median Home Value
$1,800/mo
Median Rent
87.1%
Homeownership Rate
Housing Metric Value
Median Home Value$568,900
Median Monthly Rent$1,800
Homeownership Rate87.1%
Vacancy Rate4.9%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Gem Lake, Minnesota?
The population of Gem Lake, Minnesota is 483 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Gem Lake, Minnesota?
The median household income in Gem Lake, Minnesota is $124,583. This is 54.6% above the national median of $80,610.
What is the median home value in Gem Lake, Minnesota?
The median home value in Gem Lake, Minnesota is $568,900. The median monthly rent is $1,800.
What percentage of people in Gem Lake have a college degree?
In Gem Lake, Minnesota, 50.9% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Gem Lake, Minnesota an affordable place to live?
The home price-to-income ratio in Gem Lake, Minnesota is 4.6x (median home value $568,900 vs. median income $124,583), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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