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

Total population
1,322
12.2% year-over-year change
Median household income
$87,727/yr
3.4% year-over-year change
Housing units
721
7.8% year-over-year change

Madison Lake population

How many people live in Madison Lake

Madison Lake is home to 1,322 residents, according to the most recent Census data. Gender-wise, 49.2% of Madison Lake locals are male, and 50.8% are female.

Total population
1,322
12.2% year-over-year change
Gender ratio
Male
49.2%
651
Female
50.8%
671
Value Percent YoY change
Male 651 49.2% 9.6%
Female 671 50.8% 14.9%
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 Madison Lake is 40, with the population distributed as follows: about 22.4% are children under 15, then 6.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.9% of the population, while another 23.7% fall into the 45 to 64 bracket. Finally, around 21.3% are 65 or older.

Median age
40
Age breakdown
Under 15
22.4%
15 to 24
6.8%
25 to 44
25.9%
45 to 64
23.7%
Over 65
21.3%
Value Percent YoY change
Under 15 296 22.4% -0.7%
15 to 24 90 6.8% 4.7%
25 to 44 342 25.9% 9.6%
45 to 64 313 23.7% 13.8%
Over 65 281 21.3% 35.8%
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 Madison Lake, 99.1% of the population are US-born citizens, while 0.9% have gained naturalized citizenship. As for race, 93.5% of locals are Caucasian, 3.2% are African American and 0.2% have Asian roots. There’s also a share of 3.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.1%
Non-U.S.-born citizens
0.9%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 1,310 99.1% 11.8%
Non-U.S.-born citizens 12 0.9% 100.0%
Racial breakdown
White
93.5%
Black or African American
3.2%
American Indian and Alaska Native
0%
Asian
0.2%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.2%
Other
0%
Value Percent
White 1,236 93.5%
Black or African American 42 3.2%
Asian 2 0.2%
Two or more races 42 3.2%

Households in Madison Lake

A peek inside Madison Lake households

Madison Lake has 572 households, with an average of 2 members in each. Of these, 57.7% are families, while the remaining 42.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
572
18.7% year-over-year change
Average people per household
2
Non-family households
242
Family households
330
Value Percent YoY change
Non-family households 242 42.3% 43.2%
Family households 330 57.7% 5.4%
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 Madison Lake

The housing landscape of Madison Lake

Madison Lake's housing consists of 721 units, with 60.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 16.8% 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 4.3% of the housing landscape.

Housing units
721
7.8% year-over-year change
Housing types
Value Percent
1 unit, detached 438 60.8%
1 unit, attached 121 16.8%
2 units 17 2.4%
3 or 4 units 33 4.6%
5 to 9 units 36 5%
10 to 19 units 45 6.2%
Mobile home 31 4.3%
Homes built since 2020
7
75.0% year-over-year change

The age of buildings in Madison Lake

In Madison Lake, the median construction year is 1987. About 18.9% of homes were built before the 1940s, with another 4.7% going up by 1949. Most development happened in the second half of the 20th century. Then, 19.3% of homes were added from 2000 to 2009, 17.1% between 2010 and 2019, and 1% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 136 18.9% 18.3%
Built between 1940 and 1949 34 4.7% -40.4%
Built between 1950 and 1959 45 6.2% 18.4%
Built between 1960 and 1969 55 7.6% 12.2%
Built between 1970 and 1979 45 6.2% 15.4%
Built between 1980 and 1989 62 8.6% -25.3%
Built between 1990 and 1999 75 10.4% 21.0%
Built between 2000 and 2009 139 19.3% 20.9%
Built between 2010 and 2019 123 17.1% 14.9%
Built in 2020 or later 7 1% 75.0%
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.

Madison Lake occupancy rates

Out of the 572 occupied housing units in Madison Lake, 68.9% are owner-occupied, while 31.1% are lived in by tenants. Meanwhile, 20.7% of all homes on the local market sit vacant.

Occupied housing units
572
18.7% year-over-year change
Occupancy breakdown
Renter occupied
178
Owner occupied
394
Value Percent YoY
change
Renter occupied 178 31.1% 18.7%
Owner occupied 394 68.9% 18.7%
Unoccupied housing units
20.7%
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.

Madison Lake housing costs

Housing costs in Madison Lake come to a median of $1,310 per month, while tenants specifically pay a median gross rent of $596.

Median housing costs per month
$1,310/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 Madison Lake
$596/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 Madison Lake

Madison Lake education at a glance

About 28.1% of the population in Madison Lake went to high school, while 19.8% pursued college studies. Another 13.6% earned an associate degree and 20.9% hold a bachelor’s. Meanwhile, 16.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 7 0.7% -46.1%
High school diploma 281 28.1% 15.2%
College diploma 198 19.8% 28.6%
Associate degree 136 13.6% 2.3%
Bachelor's degree 209 20.9% 23.7%
Graduate degree 169 16.9% 36.3%
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 Madison Lake

How much people earn in Madison Lake

The average annual household income in Madison Lake was $112,945 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -0.4% change from the previous year. At the same time, the median income stood at $87,727, reflecting a +3.4% shift over the same period.

Average household income in Madison Lake
$112,945/year
-0.4% year-over-year change
Median household income in Madison Lake
$87,727/year
3.4% year-over-year change

Madison Lake income by age

In Madison Lake, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $116,875. Those with someone between 45 and 64 in charge, often well established professionally, earn $122,500 overall. Overall, 93.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $116,875 24.7%
45 - 64 $122,500 6.7%
Over 65 $58,594 -2.5%
Above poverty level
1,219
Below poverty level
90
Value Percent YoY
change
Above poverty level 1,219 93.1% 13.3%
Below poverty level 90 6.9% 13.9%

Average renter income in Madison Lake

To get a better sense of what renters earn on average in Madison Lake, their median household income was $63,500 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 11.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$63,500
Rent-to-income ratio
11.3%
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 Madison Lake

Workforce and job types in Madison Lake

The job market in Madison Lake is powered by 677 working residents, spread across a range of industries and roles. 78.9% of the working population are employed in professional or administrative positions, while 21.1% are in hands-on or service-based jobs. Also, 10.6% run their own businesses, 62% are employed by private companies, and 13.2% work in the public sector.

Workforce demographics

Working population
677
9.9% year-over-year change
White collar
534
Blue collar
143
Value Percent YoY change
White collar 534 78.9% 16.6%
Blue collar 143 21.1% -9.5%
Employer type
Self employees
10.6%
Private companies
62%
Governmental workers
13.2%
Not for profit companies
14.2%
Value Percent YoY change
Self employees 72 10.6% 24.1%
Private companies 420 62% 9.4%
Governmental workers 89 13.2% 6.0%
Not for profit companies 96 14.2% 6.7%
Unemployment rate
4.4%
24.0% year-over-year change

Available workforce

The unemployment rate in Madison Lake stands at 4.4%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Madison Lake

How people get around in Madison Lake

In Madison Lake, the average commute time is 23 minutes. Commuting methods vary: 83.2% of residents travel by personal vehicle and 3.9% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
23 min
Means of transportation
Value Percent YoY change
Car 539 83.2% 10.4%
Walk 25 3.9% -7.4%
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 Madison Lake by zipcode?

Zipcode Population Number of households Median income Average income
56063 3,221 1,310 $102,391 $139,900

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FAQs about Madison Lake demographics 

What is the total population of Madison Lake?

Madison Lake has a total population of 1,322 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 +12.2% compared to a year ago.

What is the gender ratio in Madison Lake?

The gender ratio in Madison Lake is as follows:
  • 49.2% males (651 residents)
  • 50.8% females (671 residents)

What is the median age in Madison Lake?

The median age in Madison Lake is 40.

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

The age distribution in Madison Lake is as follows:
  • Under 15: 22.4% (296 residents)
  • Ages 15-24: 6.8% (90 residents)
  • Ages 25-44: 25.9% (342 residents)
  • Ages 45-64: 23.7% (313 residents)
  • Over 65: 21.3% (281 residents)

What is the racial and ethnic makeup of Madison Lake?

The racial and ethnic makeup of Madison Lake is as follows:
  • White: 93.5% (1,236 residents)
  • Black or African American: 3.2% (42 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0.2% (2 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 3.2% (42 residents)
  • Other: 0% (0 residents)

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

U.S.-born citizens represent 99.1% of the population in Madison Lake.

How many housing units are there in Madison Lake?

There are 721 housing units in Madison Lake, reflecting a +7.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Madison Lake has a total of 572 households, with an average of 2 people in each.

What is the median household income in Madison Lake?

Madison Lake has a median household income of $87,727, representing a +3.4% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Madison Lake?

The employment rate is 95.6% in Madison Lake, with a workforce of 677 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 78.9% (534 residents)
  • Blue-collar workers: 21.1% (143 residents)

Places of employment:
  • Self-employed: 10.6% (72 residents)
  • Private companies: 62% (420 residents)
  • Governmental workers: 13.2% (89 residents)
  • Not-for-profit companies: 14.2% (96 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