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Pequot Lakes, 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
2,079
Population
$63,699
Median Income
$289,300
Home Value
43.2
Median Age

Demographics

Pequot Lakes has a population of 2,079 with a median age of 43.2. Here is the racial and ethnic breakdown of the population:

White
95.7%
Other
2.2%
Hispanic
1.3%
Demographic Value
Total Population2,079
Median Age43.2
White95.7%
Black or African American0.4%
Asian0.4%
Hispanic or Latino1.3%
Other / Two or More Races2.2%
Pequot Lakes, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.7%Other: 2.2%Other: 2.1%2,079PopulationWhiteWhite95.7%OtherOther2.2%OtherOther2.1%

Income & Economy

The median household income in Pequot Lakes is $63,699, which is 21.0% below the national median of $80,610. The per capita income is $38,602. The poverty rate is 6.6%.

$63,699
Median Household Income
$38,602
Per Capita Income
6.6%
Poverty Rate

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Education

In Pequot Lakes, 97.8% of residents age 25+ have a high school diploma or higher, and 30.0% hold a bachelor's degree or higher (8.1% with a graduate or professional degree).

HS Diploma+
97.8%
Bachelor's+
30.0%
Graduate+
8.1%
Education Level % of Adults (25+)
High School Diploma or Higher97.8%
Bachelor's Degree or Higher30.0%
Graduate or Professional Degree8.1%

Housing

The median home value in Pequot Lakes is $289,300, below the national median of $303,400. The median monthly rent is $847. The homeownership rate is 65.1%.

$289,300
Median Home Value
$847/mo
Median Rent
65.1%
Homeownership Rate
Housing Metric Value
Median Home Value$289,300
Median Monthly Rent$847
Homeownership Rate65.1%
Vacancy Rate32.5%

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Frequently Asked Questions

What is the population of Pequot Lakes, Minnesota?
The population of Pequot Lakes, Minnesota is 2,079 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Pequot Lakes, Minnesota?
The median household income in Pequot Lakes, Minnesota is $63,699. This is 21.0% below the national median of $80,610.
What is the median home value in Pequot Lakes, Minnesota?
The median home value in Pequot Lakes, Minnesota is $289,300. The median monthly rent is $847.
What percentage of people in Pequot Lakes have a college degree?
In Pequot Lakes, Minnesota, 30.0% of adults age 25 and older hold a bachelor's degree or higher, and 97.8% have a high school diploma or higher.
Is Pequot Lakes, Minnesota an affordable place to live?
The home price-to-income ratio in Pequot Lakes, Minnesota is 4.5x (median home value $289,300 vs. median income $63,699), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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