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Lake Benton, 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
794
Population
$52,250
Median Income
$99,800
Home Value
37.5
Median Age

Demographics

Lake Benton has a population of 794 with a median age of 37.5. Here is the racial and ethnic breakdown of the population:

White
90.9%
Hispanic
8.6%
Asian
1.5%
Demographic Value
Total Population794
Median Age37.5
White90.9%
Asian1.5%
Hispanic or Latino8.6%
Lake Benton, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 101.White: 90.0%Hispanic/Latino: 8.5%Other: 1.5%794PopulationWhiteWhite90.0%Hispanic/LatinoHispanic/Latino8.5%OtherOther1.5%

Income & Economy

The median household income in Lake Benton is $52,250, which is 35.2% below the national median of $80,610. The per capita income is $30,794. The poverty rate is 21.2%.

$52,250
Median Household Income
$30,794
Per Capita Income
21.2%
Poverty Rate

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Education

In Lake Benton, 97.3% of residents age 25+ have a high school diploma or higher, and 22.6% hold a bachelor's degree or higher (4.7% with a graduate or professional degree).

HS Diploma+
97.3%
Bachelor's+
22.6%
Graduate+
4.7%
Education Level % of Adults (25+)
High School Diploma or Higher97.3%
Bachelor's Degree or Higher22.6%
Graduate or Professional Degree4.7%

Housing

The median home value in Lake Benton is $99,800, below the national median of $303,400. The median monthly rent is $513. The homeownership rate is 73.9%.

$99,800
Median Home Value
$513/mo
Median Rent
73.9%
Homeownership Rate
Housing Metric Value
Median Home Value$99,800
Median Monthly Rent$513
Homeownership Rate73.9%
Vacancy Rate13.9%

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Frequently Asked Questions

What is the population of Lake Benton, Minnesota?
The population of Lake Benton, Minnesota is 794 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Benton, Minnesota?
The median household income in Lake Benton, Minnesota is $52,250. This is 35.2% below the national median of $80,610.
What is the median home value in Lake Benton, Minnesota?
The median home value in Lake Benton, Minnesota is $99,800. The median monthly rent is $513.
What percentage of people in Lake Benton have a college degree?
In Lake Benton, Minnesota, 22.6% of adults age 25 and older hold a bachelor's degree or higher, and 97.3% have a high school diploma or higher.
Is Lake Benton, Minnesota an affordable place to live?
The home price-to-income ratio in Lake Benton, Minnesota is 1.9x (median home value $99,800 vs. median income $52,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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