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Lake George, 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
204
Population
$84,167
Median Income
$245,500
Home Value
51.5
Median Age

Demographics

Lake George has a population of 204 with a median age of 51.5. Here is the racial and ethnic breakdown of the population:

White
96.6%
Hispanic
2.9%
Demographic Value
Total Population204
Median Age51.5
White96.6%
Hispanic or Latino2.9%
Lake George, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.1%Hispanic/Latino: 2.9%204PopulationWhiteWhite97.1%Hispanic/LatinoHispanic/Latino2.9%

Income & Economy

The median household income in Lake George is $84,167, which is 4.4% above the national median of $80,610. The per capita income is $36,645. The poverty rate is 6.9%.

$84,167
Median Household Income
$36,645
Per Capita Income
6.9%
Poverty Rate

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Education

In Lake George, 96.9% of residents age 25+ have a high school diploma or higher, and 28.3% hold a bachelor's degree or higher (8.8% with a graduate or professional degree).

HS Diploma+
96.9%
Bachelor's+
28.3%
Graduate+
8.8%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher28.3%
Graduate or Professional Degree8.8%

Housing

The median home value in Lake George is $245,500, below the national median of $303,400. The median monthly rent is $1,167. The homeownership rate is 95.0%.

$245,500
Median Home Value
$1,167/mo
Median Rent
95.0%
Homeownership Rate
Housing Metric Value
Median Home Value$245,500
Median Monthly Rent$1,167
Homeownership Rate95.0%
Vacancy Rate54.5%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Lake George, Minnesota?
The population of Lake George, Minnesota is 204 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake George, Minnesota?
The median household income in Lake George, Minnesota is $84,167. This is 4.4% above the national median of $80,610.
What is the median home value in Lake George, Minnesota?
The median home value in Lake George, Minnesota is $245,500. The median monthly rent is $1,167.
What percentage of people in Lake George have a college degree?
In Lake George, Minnesota, 28.3% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Lake George, Minnesota an affordable place to live?
The home price-to-income ratio in Lake George, Minnesota is 2.9x (median home value $245,500 vs. median income $84,167), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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