Last updated: 2024 BLS data · Page refreshed:
Lakefield has a population of 1,507 with a median age of 43.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,507 |
| Median Age | 43.3 |
| White | 95.9% |
| Asian | 0.4% |
| Hispanic or Latino | 3.1% |
| Other / Two or More Races | 0.6% |
The median household income in Lakefield is $71,648, which is 11.1% below the national median of $80,610. The per capita income is $34,891. The poverty rate is 10.5%.
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In Lakefield, 94.4% of residents age 25+ have a high school diploma or higher, and 18.7% hold a bachelor's degree or higher (4.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.4% |
| Bachelor's Degree or Higher | 18.7% |
| Graduate or Professional Degree | 4.0% |
The median home value in Lakefield is $133,800, below the national median of $303,400. The median monthly rent is $770. The homeownership rate is 89.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $133,800 |
| Median Monthly Rent | $770 |
| Homeownership Rate | 89.6% |
| Vacancy Rate | 12.3% |
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