Everything You Should Know Before Moving to Minnesota Lake, MN
Considering a move to Minnesota Lake, MN? This friendly small town of 661 residents offers affordable living with median home prices around $130,000 and average rents at $710. Crime rates are very low, and the community enjoys a relaxed pace with average commutes of just 25 minutes. Residents benefit from a high rate of health coverage, local schools with low student-teacher ratios, and four distinct seasons with over 56% sunny days annually. Find out more about housing, schools, and quality of life in this welcoming Minnesota community below.
Demographics - Minnesota Lake, MN
Demographics - Minnesota Lake, MN
Minnesota Lake is a close-knit community of 661 residents, with a median age of 44.2 years and a nearly even gender balance. The population is predominantly White, with a small proportion of non-English speakers, reflecting the town's traditional Midwestern character and friendly atmosphere.
Population:
661
Density:
682 per sq mi
Median Age:
44.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
4.5%
Ethnic Composition
White:
97.2%
Black:
0.3%
Asian:
0.2%
Others:
2.3%
Cost Of Living
What is the average cost of living in Minnesota Lake, MN?
The cost of living in Minnesota Lake is attractively low, with a median home value of $130,000 and an average rent of $710 per month. Everyday expenses, including groceries and utilities, are below the national average, making it an affordable choice for families and retirees alike.
Median House Value:
$130,000
Gross Rent:
$710
Monthly Electricity Charges:
$110
Auto Insurance:
$1,200
House Owner Cost With Mortgage:
$1,050
House Owner Cost Without Mortgage:
$380
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
88.5
Grocery:
95.6
Housing:
72.2
Utilities:
96.5
Transportation:
90.8
Health Care:
98.7
Miscellaneous:
93.1
Crime
Is Minnesota Lake, MN a safe place to live?
Minnesota Lake boasts a notably low violent crime rate of just 52 incidents per 100,000 people, offering residents peace of mind. Property crime is also relatively uncommon, making this small town a safe place to live and raise a family.
Violent Crimes Per 100k:
52
Property Crimes Per 100k:
890
Crime Index:
942
Chance Of Violent Crime:
1 in 1,920
Chance Of Property Crime:
1 in 112
Weather
What is the weather like in Minnesota Lake, MN year-round?
Residents experience all four seasons, from chilly winters with lows around 2°F to pleasantly warm summers reaching up to 81°F. The town receives about 31 inches of annual rainfall and enjoys sunshine 56% of the year, perfect for those who appreciate changing weather.
Winter
Min:
2°F
Max:
24°F
Spring
Min:
34°F
Max:
62°F
Summer
Min:
55°F
Max:
81°F
Fall
Min:
34°F
Max:
62°F
Average Rainfall Inches:
31.1 inches
Sunny Days Percentage:
56%
Neighbors
Community members in Minnesota Lake have a median household income of $61,500, with a poverty rate just over 9%. Most residents have completed high school, and commutes are short at under 25 minutes, contributing to a relaxed, neighborly lifestyle.
Median Income:
$38,000
Household Income:
$61,500
Family Income:
$72,000
Per Capita Income:
$27,500
Income Male:
$38,500
Income Female:
$32,000
Poverty Rate:
9.2%
Non English Speakers:
4.5%
Rent:
$710
Unemployment Rate:
4.1%
Public Transport Usage:
0.2%
Commute Time:
24.8 minutes
Education
High School or Higher:
90.6%
Bachelors or More:
22.1%
Education
How are the schools in Minnesota Lake, MN?
Local public schools offer small class sizes, with student-teacher ratios around 15:1, fostering personalized learning environments. Higher education options are available nearby, including Minnesota State University in Mankato, just 36 miles away.
Public Schools
Name:
United South Central Elementary
Street:
250 2nd Ave SW
Phone:
507-553-5819
Students:
340
Student Teacher Ratio:
14.5
Name:
United South Central High School
Street:
250 2nd Ave SW
Phone:
507-553-5819
Students:
370
Student Teacher Ratio:
15.1
Colleges
Name:
Minnesota State University, Mankato
City:
Mankato
State:
MN
Distance:
36 miles
Students:
14,000
Healthcare
Minnesota Lake residents have access to quality healthcare, including nearby facilities like the Mayo Clinic Health System in Mankato. With 2.3 physicians per 1,000 people and over 95% health insurance coverage, healthcare services are reliable and accessible.
Major Hospitals
Name:
Mayo Clinic Health System – Mankato
Address:
1025 Marsh St, Mankato, MN 56001
Phone:
(507) 625-4031
Type:
General & Surgical
Emergency Services:
Yes
Name:
United Hospital District
Address:
515 S Moore St, Blue Earth, MN 56013
Phone:
(507) 526-3273
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.3
Health Insurance Coverage:
95.1%
Health Care Index:
72.9
Housing Market
What is the housing market like in Minnesota Lake, MN?
The housing market is stable and affordable, with a median home price of $130,000 and a high owner-occupancy rate of 77%. Rental vacancies are low, and home values have appreciated modestly over the past year, making it a favorable market for buyers and renters.
Median Home Price:
$130,000
Average Rent For 2 Bedroom:
$710
Owner Occupied Rate:
77.4%
Rental Vacancy Rate:
5.7%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
0.7%
Foreclosure Rate:
0.3%
DMV Information
Residents manage their driver and vehicle needs through the Minnesota Department of Public Safety, located in St. Paul and accessible online. The DMV provides comprehensive services, including licensing and registration, for Minnesota Lake locals.
State:
Minnesota
Department:
Minnesota Department of Public Safety – Driver and Vehicle Services
Address:
445 Minnesota St, Suite 190, St. Paul, MN 55101
Phone:
651-297-2126
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.