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Martin Lake, 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
1,068
Population
$123,208
Median Income
$498,400
Home Value
42.6
Median Age

Demographics

Martin Lake has a population of 1,068 with a median age of 42.6. Here is the racial and ethnic breakdown of the population:

White
97.8%
Asian
2.2%
Demographic Value
Total Population1,068
Median Age42.6
White97.8%
Asian2.2%
Martin Lake, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.8%Asian: 2.2%1,068PopulationWhiteWhite97.8%AsianAsian2.2%

Income & Economy

The median household income in Martin Lake is $123,208, which is 52.8% above the national median of $80,610. The per capita income is $54,705. The poverty rate is 8.0%.

$123,208
Median Household Income
$54,705
Per Capita Income
8.0%
Poverty Rate

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Education

In Martin Lake, 84.9% of residents age 25+ have a high school diploma or higher, and 20.6% hold a bachelor's degree or higher (11.1% with a graduate or professional degree).

HS Diploma+
84.9%
Bachelor's+
20.6%
Graduate+
11.1%
Education Level % of Adults (25+)
High School Diploma or Higher84.9%
Bachelor's Degree or Higher20.6%
Graduate or Professional Degree11.1%

Housing

The median home value in Martin Lake is $498,400, above the national median of $303,400. The homeownership rate is 67.5%.

$498,400
Median Home Value
67.5%
Homeownership Rate
Housing Metric Value
Median Home Value$498,400
Homeownership Rate67.5%
Vacancy Rate11.6%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Martin Lake, Minnesota?
The population of Martin Lake, Minnesota is 1,068 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Martin Lake, Minnesota?
The median household income in Martin Lake, Minnesota is $123,208. This is 52.8% above the national median of $80,610.
What is the median home value in Martin Lake, Minnesota?
The median home value in Martin Lake, Minnesota is $498,400.
What percentage of people in Martin Lake have a college degree?
In Martin Lake, Minnesota, 20.6% of adults age 25 and older hold a bachelor's degree or higher, and 84.9% have a high school diploma or higher.
Is Martin Lake, Minnesota an affordable place to live?
The home price-to-income ratio in Martin Lake, Minnesota is 4.0x (median home value $498,400 vs. median income $123,208), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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