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

Total population
594
-10.8% year-over-year change
Median household income
$87,969/yr
-1.1% year-over-year change
Housing units
783
0.4% year-over-year change

The Lakes population

How many people live in The Lakes

The Lakes is home to 594 residents, according to the most recent Census data. Gender-wise, 48.6% of The Lakes locals are male, and 51.4% are female.

Total population
594
-10.8% year-over-year change
Gender ratio
Male
48.6%
289
Female
51.4%
305
Value Percent YoY change
Male 289 48.6% -9.1%
Female 305 51.4% -12.4%
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 The Lakes is 63, with the population distributed as follows: about 5.2% are children under 15, then 8.4% are in the 15 to 24 age group. Adults between 25 and 44 make up 7.2% of the population, while another 34% fall into the 45 to 64 bracket. Finally, around 45.1% are 65 or older.

Median age
62.7
Age breakdown
Under 15
5.2%
15 to 24
8.4%
25 to 44
7.2%
45 to 64
34%
Over 65
45.1%
Value Percent YoY change
Under 15 31 5.2% -13.9%
15 to 24 50 8.4% 4.2%
25 to 44 43 7.2% -8.5%
45 to 64 202 34% -15.5%
Over 65 268 45.1% -9.5%
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 The Lakes, 99.3% of the population are US-born citizens, while 0.3% have gained naturalized citizenship. At the same time, 0.3% of residents are non-citizens. There’s also a share of 4.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.3%
Non-U.S.-born citizens
0.3%
Non-citizens
0.3%
Value Percent YoY change
U.S.-born citizens 590 99.3% -10.9%
Non-U.S.-born citizens 2 0.3% 100.0%
Non-citizens 2 0.3% -33.3%
Racial breakdown
White
92.9%
Black or African American
0%
American Indian and Alaska Native
0.2%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.6%
Other
2.4%
Value Percent
White 552 92.9%
American Indian and Alaska Native 1 0.2%
Two or more races 27 4.6%
Other 14 2.4%

Households in The Lakes

A peek inside The Lakes households

The Lakes has 313 households, with an average of 2 members in each. Of these, 66.8% are families, while the remaining 33.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
313
-7.9% year-over-year change
Average people per household
2
Non-family households
104
Family households
209
Value Percent YoY change
Non-family households 104 33.2% 28.4%
Family households 209 66.8% -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 The Lakes

The housing landscape of The Lakes

The Lakes's housing consists of 783 units, with 90.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.4% 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 5.9% of the housing landscape.

Housing units
783
0.4% year-over-year change
Housing types
Value Percent
1 unit, detached 711 90.8%
1 unit, attached 3 0.4%
3 or 4 units 3 0.4%
5 to 9 units 1 0.1%
10 to 19 units 19 2.4%
Mobile home 46 5.9%
Homes built since 2020
15
114.3% year-over-year change

The age of buildings in The Lakes

In The Lakes, the median construction year is 1983. About 13.9% of homes were built before the 1940s, with another 1.2% going up by 1949. Most development happened in the second half of the 20th century. Then, 18.5% of homes were added from 2000 to 2009, 6.1% between 2010 and 2019, and 1.9% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 109 13.9% 11.2%
Built between 1940 and 1949 9 1.2% 28.6%
Built between 1950 and 1959 59 7.5% -1.7%
Built between 1960 and 1969 66 8.4% -10.8%
Built between 1970 and 1979 118 15.1% 20.4%
Built between 1980 and 1989 122 15.6% -1.6%
Built between 1990 and 1999 92 11.8% -13.2%
Built between 2000 and 2009 145 18.5% -0.7%
Built between 2010 and 2019 48 6.1% -20.0%
Built in 2020 or later 15 1.9% 114.3%
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.

The Lakes occupancy rates

Out of the 313 occupied housing units in The Lakes, 92.6% are owner-occupied, while 7.4% are lived in by tenants. Meanwhile, 60% of all homes on the local market sit vacant.

Occupied housing units
313
-7.9% year-over-year change
Occupancy breakdown
Renter occupied
23
Owner occupied
290
Value Percent YoY
change
Renter occupied 23 7.4% 21.1%
Owner occupied 290 92.6% -9.7%
Unoccupied housing units
60.0%
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.

The Lakes housing costs

Median housing costs per month
$1,188/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.

Education in The Lakes

The Lakes education at a glance

About 32.4% of the population in The Lakes went to high school, while 24.7% pursued college studies. Another 15.1% earned an associate degree and 19.2% hold a bachelor’s. Meanwhile, 8.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 172 32.4% -4.4%
College diploma 131 24.7% -8.4%
Associate degree 80 15.1% -13.0%
Bachelor's degree 102 19.2% -17.1%
Graduate degree 46 8.7% -17.9%
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 The Lakes

How much people earn in The Lakes

The average annual household income in The Lakes was $108,937 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -2.2% change from the previous year. At the same time, the median income stood at $87,969, reflecting a -1.1% shift over the same period.

Average household income in The Lakes
$108,937/year
-2.2% year-over-year change
Median household income in The Lakes
$87,969/year
-1.1% year-over-year change

The Lakes income by age

In The Lakes, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $104,375. Those with someone between 45 and 64 in charge, often well established professionally, earn $119,375 overall. Overall, 96.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $104,375 -20.1%
45 - 64 $119,375 -5.5%
Over 65 $66,875 -10.6%
Above poverty level
569
Below poverty level
21
Value Percent YoY
change
Above poverty level 569 96.4% -10.9%
Below poverty level 21 3.6% -8.7%

Average renter income in The Lakes

To get a better sense of what renters earn on average in The Lakes, their median household income was $54,643 according to 2022 Census data.

Renter median household income
$54,643
Rent-to-income ratio
0%
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 The Lakes

Workforce and job types in The Lakes

The job market in The Lakes is powered by 290 working residents, spread across a range of industries and roles. 79.7% of the working population are employed in professional or administrative positions, while 20.3% are in hands-on or service-based jobs. Also, 25.2% run their own businesses, 52.1% are employed by private companies, and 11% work in the public sector.

Workforce demographics

Working population
290
-10.5% year-over-year change
White collar
231
Blue collar
59
Value Percent YoY change
White collar 231 79.7% -15.1%
Blue collar 59 20.3% 13.5%
Employer type
Self employees
25.2%
Private companies
52.1%
Governmental workers
11%
Not for profit companies
11.7%
Value Percent YoY change
Self employees 73 25.2% -14.1%
Private companies 151 52.1% -7.4%
Governmental workers 32 11% -28.9%
Not for profit companies 34 11.7% 9.7%
Unemployment rate
1.4%
-33.3% year-over-year change

Available workforce

The unemployment rate in The Lakes stands at 1.4%, 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 The Lakes

How people get around in The Lakes

Commuting methods vary: 74.3% of residents travel by personal vehicle and 2.5% 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 205 74.3% -17.7%
Walk 7 2.5% 75.0%
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.

Explore more communities

FAQs about The Lakes demographics 

What is the total population of The Lakes?

The Lakes has a total population of 594 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 -10.8% compared to a year ago.

What is the gender ratio in The Lakes?

The gender ratio in The Lakes is as follows:
  • 48.6% males (289 residents)
  • 51.4% females (305 residents)

What is the median age in The Lakes?

The median age in The Lakes is 62.7.

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

The age distribution in The Lakes is as follows:
  • Under 15: 5.2% (31 residents)
  • Ages 15-24: 8.4% (50 residents)
  • Ages 25-44: 7.2% (43 residents)
  • Ages 45-64: 34% (202 residents)
  • Over 65: 45.1% (268 residents)

What is the racial and ethnic makeup of The Lakes?

The racial and ethnic makeup of The Lakes is as follows:
  • White: 92.9% (552 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0.2% (1 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.6% (27 residents)
  • Other: 2.4% (14 residents)

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

U.S.-born citizens represent 99.3% of the population in The Lakes.

How many housing units are there in The Lakes?

There are 783 housing units in The Lakes, reflecting a +0.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

The Lakes has a total of 313 households, with an average of 2 people in each.

What is the median household income in The Lakes?

The Lakes has a median household income of $87,969, representing a -1.1% shift from the previous year, according to the U.S. Census Bureau.

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

The employment rate is 98.6% in The Lakes, with a workforce of 290 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 79.7% (231 residents)
  • Blue-collar workers: 20.3% (59 residents)

Places of employment:
  • Self-employed: 25.2% (73 residents)
  • Private companies: 52.1% (151 residents)
  • Governmental workers: 11% (32 residents)
  • Not-for-profit companies: 11.7% (34 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