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Lake Shore, 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
1,073
Population
$96,563
Median Income
$513,200
Home Value
54.7
Median Age

Demographics

Lake Shore has a population of 1,073 with a median age of 54.7. Here is the racial and ethnic breakdown of the population:

White
97.6%
Other
1.2%
Hispanic
1.0%
Demographic Value
Total Population1,073
Median Age54.7
White97.6%
Black or African American0.2%
Hispanic or Latino1.0%
Other / Two or More Races1.2%
Lake Shore, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.6%Other: 2.4%1,073PopulationWhiteWhite97.6%OtherOther2.4%

Income & Economy

The median household income in Lake Shore is $96,563, which is 19.8% above the national median of $80,610. The per capita income is $63,843. The poverty rate is 5.8%.

$96,563
Median Household Income
$63,843
Per Capita Income
5.8%
Poverty Rate

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Education

In Lake Shore, 97.1% of residents age 25+ have a high school diploma or higher, and 41.3% hold a bachelor's degree or higher (11.7% with a graduate or professional degree).

HS Diploma+
97.1%
Bachelor's+
41.3%
Graduate+
11.7%
Education Level % of Adults (25+)
High School Diploma or Higher97.1%
Bachelor's Degree or Higher41.3%
Graduate or Professional Degree11.7%

Housing

The median home value in Lake Shore is $513,200, above the national median of $303,400. The homeownership rate is 93.6%.

$513,200
Median Home Value
93.6%
Homeownership Rate
Housing Metric Value
Median Home Value$513,200
Homeownership Rate93.6%
Vacancy Rate53.0%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Lake Shore, Minnesota?
The population of Lake Shore, Minnesota is 1,073 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Shore, Minnesota?
The median household income in Lake Shore, Minnesota is $96,563. This is 19.8% above the national median of $80,610.
What is the median home value in Lake Shore, Minnesota?
The median home value in Lake Shore, Minnesota is $513,200.
What percentage of people in Lake Shore have a college degree?
In Lake Shore, Minnesota, 41.3% of adults age 25 and older hold a bachelor's degree or higher, and 97.1% have a high school diploma or higher.
Is Lake Shore, Minnesota an affordable place to live?
The home price-to-income ratio in Lake Shore, Minnesota is 5.3x (median home value $513,200 vs. median income $96,563), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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