Lake Park, MN demographics:
population, income, and more

Total population
600
4.7% year-over-year change
Median household income
$64,028/yr
1.2% year-over-year change
Housing units
267
6.4% year-over-year change

Lake Park population

How many people live in Lake Park

Lake Park is home to 600 residents, according to the most recent Census data. Gender-wise, 47.2% of Lake Park locals are male, and 52.8% are female.

Total population
600
4.7% year-over-year change
Gender ratio
Male
47.2%
283
Female
52.8%
317
Value Percent YoY change
Male 283 47.2% -6.0%
Female 317 52.8% 16.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Lake Park is 34, with the population distributed as follows: about 24.5% are children under 15, then 10.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 29.2% of the population, while another 23.5% fall into the 45 to 64 bracket. Finally, around 12.7% are 65 or older.

Median age
33.6
Age breakdown
Under 15
24.5%
15 to 24
10.2%
25 to 44
29.2%
45 to 64
23.5%
Over 65
12.7%
Value Percent YoY change
Under 15 147 24.5% 7.3%
15 to 24 61 10.2% 48.8%
25 to 44 175 29.2% -1.7%
45 to 64 141 23.5% -4.7%
Over 65 76 12.7% 10.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Lake Park, 99.8% of the population are US-born citizens, while 0.2% have gained naturalized citizenship. There’s also a share of 2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.8%
Non-U.S.-born citizens
0.2%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 599 99.8% 9.3%
Non-U.S.-born citizens 1 0.2% -66.7%
Racial breakdown
White
85.7%
Black or African American
0%
American Indian and Alaska Native
0.5%
Asian
4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2%
Other
7.8%
Value Percent
White 514 85.7%
American Indian and Alaska Native 3 0.5%
Asian 24 4%
Two or more races 12 2%
Other 47 7.8%

Households in Lake Park

A peek inside Lake Park households

Lake Park has 231 households, with an average of 3 members in each. Of these, 69.7% are families, while the remaining 30.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
231
0.0% year-over-year change
Average people per household
3
Non-family households
70
Family households
161
Value Percent YoY change
Non-family households 70 30.3% -27.1%
Family households 161 69.7% 19.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Lake Park

The housing landscape of Lake Park

Lake Park's housing consists of 267 units, with 76.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.5% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 7.1% of the housing landscape.

Housing units
267
6.4% year-over-year change
Housing types
Value Percent
1 unit, detached 204 76.4%
1 unit, attached 12 4.5%
2 units 3 1.1%
3 or 4 units 3 1.1%
5 to 9 units 11 4.1%
10 to 19 units 15 5.6%
Mobile home 19 7.1%
Homes built since 2020
0
% year-over-year change

The age of buildings in Lake Park

In Lake Park, the median construction year is 1951. About 40.8% of homes were built before the 1940s, with another 8.6% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 109 40.8% 38.0%
Built between 1940 and 1949 23 8.6% 64.3%
Built between 1950 and 1959 11 4.1% -21.4%
Built between 1960 and 1969 30 11.2% -6.2%
Built between 1970 and 1979 33 12.4% 17.9%
Built between 1980 and 1989 20 7.5% -25.9%
Built between 1990 and 1999 10 3.8% -64.3%
Built between 2000 and 2009 19 7.1% -5.0%
Built between 2010 and 2019 12 4.5% 33.3%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Lake Park occupancy rates

Out of the 231 occupied housing units in Lake Park, 82.7% are owner-occupied, while 17.3% are lived in by tenants. Meanwhile, 13.5% of all homes on the local market sit vacant.

Occupied housing units
231
0.0% year-over-year change
Occupancy breakdown
Renter occupied
40
Owner occupied
191
Value Percent YoY
change
Renter occupied 40 17.3% 8.1%
Owner occupied 191 82.7% -1.6%
Unoccupied housing units
13.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Lake Park housing costs

Housing costs in Lake Park come to a median of $1,037 per month, while tenants specifically pay a median gross rent of $692.

Median housing costs per month
$1,037/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Lake Park
$692/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Lake Park

Lake Park education at a glance

About 37% of the population in Lake Park went to high school, while 20.5% pursued college studies. Another 16.7% earned an associate degree and 20% hold a bachelor’s. Meanwhile, 5.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 159 37% 3.2%
College diploma 88 20.5% 15.8%
Associate degree 72 16.7% -5.3%
Bachelor's degree 86 20% 14.7%
Graduate degree 25 5.8% -7.4%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Lake Park

How much people earn in Lake Park

The average annual household income in Lake Park was $76,126 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -5.9% change from the previous year. At the same time, the median income stood at $64,028, reflecting a +1.2% shift over the same period.

Average household income in Lake Park
$76,126/year
-5.9% year-over-year change
Median household income in Lake Park
$64,028/year
1.2% year-over-year change

Lake Park income by age

In Lake Park, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $87,500. Those with someone between 45 and 64 in charge, often well established professionally, earn $44,464 overall. Overall, 95.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $87,500 14.8%
45 - 64 $44,464 -28.1%
Over 65 $55,250 28.7%
Above poverty level
539
Below poverty level
27
Value Percent YoY
change
Above poverty level 539 95.2% 6.7%
Below poverty level 27 4.8% -40.0%

Average renter income in Lake Park

To get a better sense of what renters earn on average in Lake Park, their median household income was $47,500 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 17.5%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$47,500
Rent-to-income ratio
17.5%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Lake Park

Workforce and job types in Lake Park

The job market in Lake Park is powered by 328 working residents, spread across a range of industries and roles. 74.1% of the working population are employed in professional or administrative positions, while 25.9% are in hands-on or service-based jobs. Also, 7% run their own businesses, 69.8% are employed by private companies, and 13.1% work in the public sector.

Workforce demographics

Working population
328
5.5% year-over-year change
White collar
243
Blue collar
85
Value Percent YoY change
White collar 243 74.1% 9.0%
Blue collar 85 25.9% -3.4%
Employer type
Self employees
7%
Private companies
69.8%
Governmental workers
13.1%
Not for profit companies
10.1%
Value Percent YoY change
Self employees 23 7% -8.0%
Private companies 229 69.8% 17.4%
Governmental workers 43 13.1% -28.3%
Not for profit companies 33 10.1% 6.5%

Transportation in Lake Park

How people get around in Lake Park

Means of transportation
Value Percent YoY change
Car 313 97.8% 7.2%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Lake Park by zipcode?

Zipcode Population Number of households Median income Average income
56554 2,752 1,104 $94,792 $113,947

Explore more communities

FAQs about Lake Park demographics 

What is the total population of Lake Park?

Lake Park has a total population of 600 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +4.7% compared to a year ago.

What is the gender ratio in Lake Park?

The gender ratio in Lake Park is as follows:
  • 47.2% males (283 residents)
  • 52.8% females (317 residents)

What is the median age in Lake Park?

The median age in Lake Park is 33.6.

What is the age distribution of the population in Lake Park?

The age distribution in Lake Park is as follows:
  • Under 15: 24.5% (147 residents)
  • Ages 15-24: 10.2% (61 residents)
  • Ages 25-44: 29.2% (175 residents)
  • Ages 45-64: 23.5% (141 residents)
  • Over 65: 12.7% (76 residents)

What is the racial and ethnic makeup of Lake Park?

The racial and ethnic makeup of Lake Park is as follows:
  • White: 85.7% (514 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0.5% (3 residents)
  • Asian: 4% (24 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 2% (12 residents)
  • Other: 7.8% (47 residents)

What percentage of the population in Lake Park are U.S.-born citizens?

U.S.-born citizens represent 99.8% of the population in Lake Park.

How many housing units are there in Lake Park?

There are 267 housing units in Lake Park, reflecting a +6.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Lake Park and what is the average household size?

Lake Park has a total of 231 households, with an average of 3 people in each.

What is the median household income in Lake Park?

Lake Park has a median household income of $64,028, representing a +1.2% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Lake Park?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 74.1% (243 residents)
  • Blue-collar workers: 25.9% (85 residents)

Places of employment:
  • Self-employed: 7% (23 residents)
  • Private companies: 69.8% (229 residents)
  • Governmental workers: 13.1% (43 residents)
  • Not-for-profit companies: 10.1% (33 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025