Median Household Income
$71,648 ± $7,442
Median Home Value
$133,800 ± $6,963
Median Gross Rent
$770 ± $279/mo
Per Capita Income
$34,891
Poverty Rate
10.5%
Unemployment Rate
0.5%
Homeownership Rate
89.6%
Bachelor's Degree or Higher
18.7%
Median Age
43.3
Average Commute
16 min
Households
675
Veterans
117
Population Over Time
Lakefield shrank 1.4% from 2014 to 2024.
2014
1,528
2016
1,619
2018
1,710
2020
1,683
2022
1,626
2024
1,507
Population by Race & Ethnicity
White
95.9%
Hispanic or Latino
3.1%
Black or African American
0.0%
Asian
0.4%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.