Laketown, MN demographics:
population, income, and more

Total population
14,446
1.7% year-over-year change
Median household income
$122,702/yr
-1.1% year-over-year change
Housing units
5,600
3.3% year-over-year change

Laketown population

How many people live in Laketown

Laketown is home to 14,446 residents, according to the most recent Census data. Gender-wise, 50.1% of Laketown locals are male, and 49.9% are female.

Total population
14,446
1.7% year-over-year change
Gender ratio
Male
50.1%
7,235
Female
49.9%
7,212
Value Percent YoY change
Male 7,235 50.1% 0.8%
Female 7,212 49.9% 2.6%
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 Laketown is 39, with the population distributed as follows: about 20.9% are children under 15, then 12.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.3% of the population, while another 25.9% fall into the 45 to 64 bracket. Finally, around 14.3% are 65 or older.

Median age
39
Age breakdown
Under 15
20.9%
15 to 24
12.6%
25 to 44
26.3%
45 to 64
25.9%
Over 65
14.3%
Value Percent YoY change
Under 15 3,018 20.9% -2.5%
15 to 24 1,819 12.6% 4.8%
25 to 44 3,800 26.3% 0.8%
45 to 64 3,742 25.9% -0.7%
Over 65 2,067 14.3% 12.4%
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 Laketown, 94.7% of the population are US-born citizens, while 3.6% have gained naturalized citizenship. At the same time, 1.7% of residents are non-citizens. As for race, 86.7% of locals are Caucasian, 2% are African American and 2.1% have Asian roots. There’s also a share of 7.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
94.7%
Non-U.S.-born citizens
3.6%
Non-citizens
1.7%
Value Percent YoY change
U.S.-born citizens 13,680 94.7% 1.5%
Non-U.S.-born citizens 514 3.6% 3.6%
Non-citizens 252 1.7% 7.2%
Racial breakdown
White
86.7%
Black or African American
2%
American Indian and Alaska Native
0.2%
Asian
2.1%
Native Hawaiian and other Pacific Islander
0%
Two or more races
7.1%
Other
1.8%
Value Percent
White 12,526 86.7%
Black or African American 286 2%
American Indian and Alaska Native 32 0.2%
Asian 305 2.1%
Native Hawaiian and other Pacific Islander 4 0%
Two or more races 1,025 7.1%
Other 267 1.8%

Households in Laketown

A peek inside Laketown households

Laketown has 5,463 households, with an average of 3 members in each. Of these, 73.1% are families, while the remaining 26.9% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
5,463
3.4% year-over-year change
Average people per household
3
Non-family households
1,471
Family households
3,991
Value Percent YoY change
Non-family households 1,471 26.9% 4.3%
Family households 3,991 73.1% 3.0%
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 Laketown

The housing landscape of Laketown

Laketown's housing consists of 5,600 units, with 69.7% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 13.2% 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 2.2% of the housing landscape.

Housing units
5,600
3.3% year-over-year change
Housing types
Value Percent
1 unit, detached 3,900 69.7%
1 unit, attached 737 13.2%
2 units 80 1.4%
3 or 4 units 47 0.8%
5 to 9 units 89 1.6%
10 to 19 units 73 1.3%
20 to 49 units 228 4.1%
50 or more units 316 5.6%
Mobile home 122 2.2%
Boat, RV, van, etc. 7 0.1%
Homes built since 2020
244
73.0% year-over-year change

The age of buildings in Laketown

In Laketown, the median construction year is 2000. About 4.2% of homes were built before the 1940s, with another 1% going up by 1949. Most development happened in the second half of the 20th century. Then, 27.9% of homes were added from 2000 to 2009, 15.3% between 2010 and 2019, and 4.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 234 4.2% 7.8%
Built between 1940 and 1949 55 1% -35.3%
Built between 1950 and 1959 135 2.4% -11.2%
Built between 1960 and 1969 265 4.7% 0.0%
Built between 1970 and 1979 554 9.9% 8.8%
Built between 1980 and 1989 769 13.7% 0.9%
Built between 1990 and 1999 927 16.6% -6.7%
Built between 2000 and 2009 1,562 27.9% 3.4%
Built between 2010 and 2019 855 15.3% 8.8%
Built in 2020 or later 244 4.4% 73.0%
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.

Laketown occupancy rates

Out of the 5,463 occupied housing units in Laketown, 78.5% are owner-occupied, while 21.5% are lived in by tenants. Meanwhile, 2.4% of all homes on the local market sit vacant.

Occupied housing units
5,463
3.4% year-over-year change
Occupancy breakdown
Renter occupied
1,176
Owner occupied
4,287
Value Percent YoY
change
Renter occupied 1,176 21.5% 8.5%
Owner occupied 4,287 78.5% 2.1%
Unoccupied housing units
2.4%
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.

Laketown housing costs

Housing costs in Laketown come to a median of $1,968 per month, while tenants specifically pay a median gross rent of $1,442.

Median housing costs per month
$1,968/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 Laketown
$1,442/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 Laketown

Laketown education at a glance

About 22% of the population in Laketown went to high school, while 20.3% pursued college studies. Another 10.2% earned an associate degree and 32% hold a bachelor’s. Meanwhile, 13.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 173 1.6% -24.1%
High school diploma 2,367 22% 7.8%
College diploma 2,187 20.3% -0.3%
Associate degree 1,101 10.2% 13.6%
Bachelor's degree 3,446 32% 1.4%
Graduate degree 1,484 13.8% 1.2%
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 Laketown

How much people earn in Laketown

The average annual household income in Laketown was $143,835 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3.1% change from the previous year. At the same time, the median income stood at $122,702, reflecting a -1.1% shift over the same period.

Average household income in Laketown
$143,835/year
3.1% year-over-year change
Median household income in Laketown
$122,702/year
-1.1% year-over-year change

Laketown income by age

In Laketown, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $162,086. Those with someone between 45 and 64 in charge, often well established professionally, earn $146,272 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $72,961, while those led by someone over 65, many of whom may be retired, have about $69,008 in earnings. Overall, 95.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $72,961 24.3%
25 - 44 $162,086 4.4%
45 - 64 $146,272 2.2%
Over 65 $69,008 2.4%
Above poverty level
13,417
Below poverty level
626
Value Percent YoY
change
Above poverty level 13,417 95.5% 1.5%
Below poverty level 626 4.5% 11.4%

Employment in Laketown

Workforce and job types in Laketown

86.9% of the working population are employed in professional or administrative positions, while 13.1% are in hands-on or service-based jobs. Also, 7.5% run their own businesses, 72.6% are employed by private companies, and 10.3% work in the public sector.

Workforce demographics

White collar
6,993
Blue collar
1,056
Value Percent YoY change
White collar 6,993 86.9% 3.9%
Blue collar 1,056 13.1% -10.2%
Employer type
Self employees
7.5%
Private companies
72.6%
Governmental workers
10.3%
Not for profit companies
9.5%
Value Percent YoY change
Self employees 605 7.5% -4.6%
Private companies 5,847 72.6% 2.8%
Governmental workers 829 10.3% -4.2%
Not for profit companies 768 9.5% 7.1%

Transportation in Laketown

How people get around in Laketown

Commuting methods vary: 97.4% of residents travel by personal vehicle and 1.3% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 5,969 97.4% 1.6%
Bus or trolleybus 53 0.9% -19.7%
Ferryboat 3 0% 0.0%
Motorcycle 4 0.1% 100.0%
Bicycle 22 0.4% 29.4%
Walk 78 1.3% 4.0%
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 Laketown by zipcode?

Zipcode Population Number of households Median income Average income
55318 30,369 11,705 $112,243 $145,796
55375 4,326 1,451 $130,893 $170,779
55386 10,077 3,636 $192,458 $203,342
55387 15,030 5,746 $114,511 $137,255

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FAQs about Laketown demographics 

What is the total population of Laketown?

Laketown has a total population of 14,446 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 +1.7% compared to a year ago.

What is the gender ratio in Laketown?

The gender ratio in Laketown is as follows:
  • 50.1% males (7,235 residents)
  • 49.9% females (7,212 residents)

What is the median age in Laketown?

The median age in Laketown is 39.

What is the age distribution of the population in Laketown?

The age distribution in Laketown is as follows:
  • Under 15: 20.9% (3,018 residents)
  • Ages 15-24: 12.6% (1,819 residents)
  • Ages 25-44: 26.3% (3,800 residents)
  • Ages 45-64: 25.9% (3,742 residents)
  • Over 65: 14.3% (2,067 residents)

What is the racial and ethnic makeup of Laketown?

The racial and ethnic makeup of Laketown is as follows:
  • White: 86.7% (12,526 residents)
  • Black or African American: 2% (286 residents)
  • American Indian and Alaska Native: 0.2% (32 residents)
  • Asian: 2.1% (305 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (4 residents)
  • Two or More Races: 7.1% (1,025 residents)
  • Other: 1.8% (267 residents)

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

U.S.-born citizens represent 94.7% of the population in Laketown.

How many housing units are there in Laketown?

There are 5,600 housing units in Laketown, reflecting a +3.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Laketown has a total of 5,463 households, with an average of 3 people in each.

What is the median household income in Laketown?

Laketown has a median household income of $122,702, representing a -1.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Laketown?

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

Job types:
  • White-collar workers: 86.9% (6,993 residents)
  • Blue-collar workers: 13.1% (1,056 residents)

Places of employment:
  • Self-employed: 7.5% (605 residents)
  • Private companies: 72.6% (5,847 residents)
  • Governmental workers: 10.3% (829 residents)
  • Not-for-profit companies: 9.5% (768 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