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Medicine 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
596
Population
$183,750
Median Income
$1,083,300
Home Value
44.5
Median Age

Demographics

Medicine Lake has a population of 596 with a median age of 44.5. Here is the racial and ethnic breakdown of the population:

White
91.3%
Hispanic
3.9%
Other
3.8%
Asian
1.0%
Demographic Value
Total Population596
Median Age44.5
White91.3%
Asian1.0%
Hispanic or Latino3.9%
Other / Two or More Races3.8%
Medicine Lake, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 91.3%Hispanic/Latino: 3.9%Other: 3.8%Other: 1.0%596PopulationWhiteWhite91.3%Hispanic/LatinoHispanic/Latino3.9%OtherOther3.8%OtherOther1.0%

Income & Economy

The median household income in Medicine Lake is $183,750, which is 127.9% above the national median of $80,610. The per capita income is $107,750. The poverty rate is 2.7%.

$183,750
Median Household Income
$107,750
Per Capita Income
2.7%
Poverty Rate

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Education

In Medicine Lake, 99.8% of residents age 25+ have a high school diploma or higher, and 70.4% hold a bachelor's degree or higher (31.3% with a graduate or professional degree).

HS Diploma+
99.8%
Bachelor's+
70.4%
Graduate+
31.3%
Education Level % of Adults (25+)
High School Diploma or Higher99.8%
Bachelor's Degree or Higher70.4%
Graduate or Professional Degree31.3%

Housing

The median home value in Medicine Lake is $1,083,300, above the national median of $303,400. The median monthly rent is $1,150. The homeownership rate is 81.2%.

$1,083,300
Median Home Value
$1,150/mo
Median Rent
81.2%
Homeownership Rate
Housing Metric Value
Median Home Value$1,083,300
Median Monthly Rent$1,150
Homeownership Rate81.2%
Vacancy Rate1.3%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Medicine Lake, Minnesota?
The population of Medicine Lake, Minnesota is 596 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Medicine Lake, Minnesota?
The median household income in Medicine Lake, Minnesota is $183,750. This is 127.9% above the national median of $80,610.
What is the median home value in Medicine Lake, Minnesota?
The median home value in Medicine Lake, Minnesota is $1,083,300. The median monthly rent is $1,150.
What percentage of people in Medicine Lake have a college degree?
In Medicine Lake, Minnesota, 70.4% of adults age 25 and older hold a bachelor's degree or higher, and 99.8% have a high school diploma or higher.
Is Medicine Lake, Minnesota an affordable place to live?
The home price-to-income ratio in Medicine Lake, Minnesota is 5.9x (median home value $1,083,300 vs. median income $183,750), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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