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Lanesboro, 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
744
Population
$75,313
Median Income
$213,200
Home Value
49.4
Median Age

Demographics

Lanesboro has a population of 744 with a median age of 49.4. Here is the racial and ethnic breakdown of the population:

White
93.7%
Other
3.3%
Hispanic
3.0%
Demographic Value
Total Population744
Median Age49.4
White93.7%
Hispanic or Latino3.0%
Other / Two or More Races3.3%
Lanesboro, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.7%Other: 3.3%Hispanic/Latino: 3.0%744PopulationWhiteWhite93.7%OtherOther3.3%Hispanic/LatinoHispanic/Latino3.0%

Income & Economy

The median household income in Lanesboro is $75,313, which is 6.6% below the national median of $80,610. The per capita income is $41,132. The poverty rate is 11.4%.

$75,313
Median Household Income
$41,132
Per Capita Income
11.4%
Poverty Rate

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Education

In Lanesboro, 95.6% of residents age 25+ have a high school diploma or higher, and 43.1% hold a bachelor's degree or higher (18.7% with a graduate or professional degree).

HS Diploma+
95.6%
Bachelor's+
43.1%
Graduate+
18.7%
Education Level % of Adults (25+)
High School Diploma or Higher95.6%
Bachelor's Degree or Higher43.1%
Graduate or Professional Degree18.7%

Housing

The median home value in Lanesboro is $213,200, below the national median of $303,400. The median monthly rent is $518. The homeownership rate is 68.6%.

$213,200
Median Home Value
$518/mo
Median Rent
68.6%
Homeownership Rate
Housing Metric Value
Median Home Value$213,200
Median Monthly Rent$518
Homeownership Rate68.6%
Vacancy Rate24.4%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Lanesboro, Minnesota?
The population of Lanesboro, Minnesota is 744 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lanesboro, Minnesota?
The median household income in Lanesboro, Minnesota is $75,313. This is 6.6% below the national median of $80,610.
What is the median home value in Lanesboro, Minnesota?
The median home value in Lanesboro, Minnesota is $213,200. The median monthly rent is $518.
What percentage of people in Lanesboro have a college degree?
In Lanesboro, Minnesota, 43.1% of adults age 25 and older hold a bachelor's degree or higher, and 95.6% have a high school diploma or higher.
Is Lanesboro, Minnesota an affordable place to live?
The home price-to-income ratio in Lanesboro, Minnesota is 2.8x (median home value $213,200 vs. median income $75,313), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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