Median Household Income
$87,727 ± $14,266
Median Home Value
$303,100 ± $38,631
Median Gross Rent
$596 ± $516/mo
Per Capita Income
$48,690
Poverty Rate
6.8%
Unemployment Rate
4.4%
Homeownership Rate
68.9%
Bachelor's Degree or Higher
40.2%
Median Age
40.0
Average Commute
20 min
Households
572
Veterans
58
Population Over Time
Madison Lake grew 27.2% from 2014 to 2024.
2014
1,039
2016
1,007
2018
937
2020
1,081
2022
1,190
2024
1,322
Population by Race & Ethnicity
White
93.5%
Hispanic or Latino
0.6%
Black or African American
3.2%
Asian
0.2%
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.