Pequot Lakes, MN demographics:
population, income, and more

Total population
2,079
-7.0% year-over-year change
Median household income
$63,699/yr
-4.9% year-over-year change
Housing units
1,362
2.9% year-over-year change

Pequot Lakes population

How many people live in Pequot Lakes

Pequot Lakes is home to 2,079 residents, according to the most recent Census data. Gender-wise, 50.6% of Pequot Lakes locals are male, and 49.4% are female.

Total population
2,079
-7.0% year-over-year change
Gender ratio
Male
50.6%
1,052
Female
49.4%
1,027
Value Percent YoY change
Male 1,052 50.6% -6.1%
Female 1,027 49.4% -8.0%
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 Pequot Lakes is 43, with the population distributed as follows: about 21.3% are children under 15, then 7.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 22.6% of the population, while another 24% fall into the 45 to 64 bracket. Finally, around 25% are 65 or older.

Median age
43.2
Age breakdown
Under 15
21.3%
15 to 24
7.1%
25 to 44
22.6%
45 to 64
24%
Over 65
25%
Value Percent YoY change
Under 15 443 21.3% -1.1%
15 to 24 148 7.1% -35.1%
25 to 44 470 22.6% -7.8%
45 to 64 499 24% 5.5%
Over 65 519 25% -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 Pequot Lakes, 97.2% of the population are US-born citizens, while 2.3% have gained naturalized citizenship. At the same time, 0.5% of residents are non-citizens. As for race, 95.7% of locals are Caucasian, 0.4% are African American and 0.4% have Asian roots. There’s also a share of 1.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.2%
Non-U.S.-born citizens
2.3%
Non-citizens
0.5%
Value Percent YoY change
U.S.-born citizens 2,020 97.2% -7.1%
Non-U.S.-born citizens 48 2.3% -5.9%
Non-citizens 11 0.5% 0.0%
Racial breakdown
White
95.7%
Black or African American
0.4%
American Indian and Alaska Native
1.8%
Asian
0.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.7%
Other
0%
Value Percent
White 1,989 95.7%
Black or African American 8 0.4%
American Indian and Alaska Native 38 1.8%
Asian 8 0.4%
Two or more races 36 1.7%

Households in Pequot Lakes

A peek inside Pequot Lakes households

Pequot Lakes has 919 households, with an average of 2 members in each. Of these, 53.5% are families, while the remaining 46.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
919
-5.3% year-over-year change
Average people per household
2
Non-family households
427
Family households
492
Value Percent YoY change
Non-family households 427 46.5% 5.2%
Family households 492 53.5% -12.8%
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 Pequot Lakes

The housing landscape of Pequot Lakes

Pequot Lakes's housing consists of 1,362 units, with 68% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 3.3% 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 1% of the housing landscape.

Housing units
1,362
2.9% year-over-year change
Housing types
Value Percent
1 unit, detached 926 68%
1 unit, attached 45 3.3%
2 units 12 0.9%
3 or 4 units 5 0.4%
5 to 9 units 6 0.4%
10 to 19 units 72 5.3%
20 to 49 units 143 10.5%
50 or more units 140 10.3%
Mobile home 13 1%
Homes built since 2020
27
-30.8% year-over-year change

The age of buildings in Pequot Lakes

In Pequot Lakes, the median construction year is 1992. About 6.8% of homes were built before the 1940s, with another 1.1% going up by 1949. Most development happened in the second half of the 20th century. Then, 21.2% of homes were added from 2000 to 2009, 12.9% between 2010 and 2019, and 2% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 92 6.8% -7.1%
Built between 1940 and 1949 15 1.1% -25.0%
Built between 1950 and 1959 75 5.5% 2.7%
Built between 1960 and 1969 34 2.5% -45.2%
Built between 1970 and 1979 233 17.1% 25.9%
Built between 1980 and 1989 183 13.4% 6.4%
Built between 1990 and 1999 238 17.5% 20.2%
Built between 2000 and 2009 289 21.2% -17.4%
Built between 2010 and 2019 176 12.9% 39.7%
Built in 2020 or later 27 2% -30.8%
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.

Pequot Lakes occupancy rates

Out of the 919 occupied housing units in Pequot Lakes, 65.1% are owner-occupied, while 34.9% are lived in by tenants. Meanwhile, 32.5% of all homes on the local market sit vacant.

Occupied housing units
919
-5.3% year-over-year change
Occupancy breakdown
Renter occupied
321
Owner occupied
598
Value Percent YoY
change
Renter occupied 321 34.9% -0.3%
Owner occupied 598 65.1% -7.7%
Unoccupied housing units
32.5%
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.

Pequot Lakes housing costs

Housing costs in Pequot Lakes come to a median of $918 per month, while tenants specifically pay a median gross rent of $847.

Median housing costs per month
$918/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 Pequot Lakes
$847/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 Pequot Lakes

Pequot Lakes education at a glance

About 29.2% of the population in Pequot Lakes went to high school, while 26.2% pursued college studies. Another 15.6% earned an associate degree and 21.5% hold a bachelor’s. Meanwhile, 7.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 466 29.2% -6.8%
College diploma 417 26.2% 3.2%
Associate degree 249 15.6% -6.4%
Bachelor's degree 342 21.5% -10.0%
Graduate degree 120 7.5% -17.2%
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 Pequot Lakes

How much people earn in Pequot Lakes

The average annual household income in Pequot Lakes was $86,213 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 $63,699, reflecting a -4.9% shift over the same period.

Average household income in Pequot Lakes
$86,213/year
-0.4% year-over-year change
Median household income in Pequot Lakes
$63,699/year
-4.9% year-over-year change

Pequot Lakes income by age

In Pequot Lakes, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $76,042. Those with someone between 45 and 64 in charge, often well established professionally, earn $102,917 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $68,553, while those led by someone over 65, many of whom may be retired, have about $47,950 in earnings. Overall, 93.3% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $68,553 3.7%
25 - 44 $76,042 -13.4%
45 - 64 $102,917 -3.1%
Over 65 $47,950 3.2%
Above poverty level
1,789
Below poverty level
128
Value Percent YoY
change
Above poverty level 1,789 93.3% -10.3%
Below poverty level 128 6.7% 8.5%

Average renter income in Pequot Lakes

To get a better sense of what renters earn on average in Pequot Lakes, their median household income was $32,188 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 31.6%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$32,188
Rent-to-income ratio
31.6%
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 Pequot Lakes

Workforce and job types in Pequot Lakes

The job market in Pequot Lakes is powered by 852 working residents, spread across a range of industries and roles. 76.4% of the working population are employed in professional or administrative positions, while 23.6% are in hands-on or service-based jobs. Also, 13.2% run their own businesses, 62.8% are employed by private companies, and 15.8% work in the public sector.

Workforce demographics

Working population
852
-12.3% year-over-year change
White collar
651
Blue collar
201
Value Percent YoY change
White collar 651 76.4% -13.0%
Blue collar 201 23.6% -9.9%
Employer type
Self employees
13.2%
Private companies
62.8%
Governmental workers
15.8%
Not for profit companies
8.2%
Value Percent YoY change
Self employees 112 13.2% -30.9%
Private companies 535 62.8% -6.6%
Governmental workers 135 15.8% -24.6%
Not for profit companies 70 8.2% 22.8%
Unemployment rate
10.4%
4.2% year-over-year change

Available workforce

The unemployment rate in Pequot Lakes stands at 10.4%, 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 Pequot Lakes

How people get around in Pequot Lakes

Commuting methods vary: 79.8% of residents travel by personal vehicle and 2% 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 676 79.8% -11.6%
Walk 17 2% -46.9%
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 Pequot Lakes by zipcode?

Zipcode Population Number of households Median income Average income
56472 8,830 3,690 $81,328 $104,145

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FAQs about Pequot Lakes demographics 

What is the total population of Pequot Lakes?

Pequot Lakes has a total population of 2,079 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 -7.0% compared to a year ago.

What is the gender ratio in Pequot Lakes?

The gender ratio in Pequot Lakes is as follows:
  • 50.6% males (1,052 residents)
  • 49.4% females (1,027 residents)

What is the median age in Pequot Lakes?

The median age in Pequot Lakes is 43.2.

What is the age distribution of the population in Pequot Lakes?

The age distribution in Pequot Lakes is as follows:
  • Under 15: 21.3% (443 residents)
  • Ages 15-24: 7.1% (148 residents)
  • Ages 25-44: 22.6% (470 residents)
  • Ages 45-64: 24% (499 residents)
  • Over 65: 25% (519 residents)

What is the racial and ethnic makeup of Pequot Lakes?

The racial and ethnic makeup of Pequot Lakes is as follows:
  • White: 95.7% (1,989 residents)
  • Black or African American: 0.4% (8 residents)
  • American Indian and Alaska Native: 1.8% (38 residents)
  • Asian: 0.4% (8 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 1.7% (36 residents)
  • Other: 0% (0 residents)

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

U.S.-born citizens represent 97.2% of the population in Pequot Lakes.

How many housing units are there in Pequot Lakes?

There are 1,362 housing units in Pequot Lakes, reflecting a +2.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Pequot Lakes has a total of 919 households, with an average of 2 people in each.

What is the median household income in Pequot Lakes?

Pequot Lakes has a median household income of $63,699, representing a -4.9% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Pequot Lakes?

The employment rate is 89.6% in Pequot Lakes, with a workforce of 852 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.4% (651 residents)
  • Blue-collar workers: 23.6% (201 residents)

Places of employment:
  • Self-employed: 13.2% (112 residents)
  • Private companies: 62.8% (535 residents)
  • Governmental workers: 15.8% (135 residents)
  • Not-for-profit companies: 8.2% (70 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