The median household income in Lakefield, MN in 2022 was $57,595, which was 43.0% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $31,250 in 2000 this represents an increase of 45.7%. The per capita income in 2022 was $31,673, which means an increase of 49.5% compared to 2000 when it was $16,003.
Whole page based on the data from 2000 / 2022 when the population of Lakefield, Minnesota was 1,721 / 1,632
Income statistics for all residents
Median household income in Lakefield, MN in 2022:
Lakefield:
$57,595
State:
$82,338
Change in median household income between 2000 and 2022:
Lakefield, Minnesota:
+84.3%
State:
+74.8%
Number of households with income < $10k:
Lakefield:
6.1% (45)
Minnesota:
4.3% (100,518)
Number of households with income $10k - 20k:
Lakefield:
10.9% (80)
State:
5.6% (130,945)
Number of households with income $20k - 30k:
Lakefield:
8.2% (60)
State:
6.1% (140,637)
Number of households with income $30k - 40k:
Lakefield:
6.5% (48)
Minnesota:
6.5% (151,862)
Number of households with income $40k - 50k:
Lakefield:
10.6% (78)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Lakefield:
8.4% (62)
State:
6.9% (159,181)
Number of households with income $60k - 75k:
Lakefield:
16.9% (124)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Lakefield:
16.1% (118)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Lakefield:
6.7% (49)
State:
10.8% (251,243)
Number of households with income $125k - 150k:
Lakefield:
4.8% (35)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Lakefield:
2.3% (17)
State:
10.2% (236,018)
Number of households with income > $200k:
Lakefield:
2.6% (19)
State:
11.6% (268,336)
Aggregate household income in Lakefield in 2022: $49,635,076
Median family income in Lakefield in 2022:
Lakefield:
$68,075
Minnesota:
$105,324
Number of families with income < $10k:
Lakefield:
1.0% (4)
State:
2.2% (31,728)
Number of families with income $10k - 20k:
Lakefield:
0.7% (2)
State:
2.5% (36,635)
Number of families with income $20k - 30k:
Lakefield:
5.0% (18)
Minnesota:
3.5% (50,742)
Number of families with income $30k - 40k:
Lakefield:
8.9% (32)
State:
4.4% (64,281)
Number of families with income $40k - 50k:
Lakefield:
7.9% (29)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Lakefield:
13.0% (47)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Lakefield:
18.8% (68)
State:
8.8% (127,783)
Number of families with income $75k - 100k:
Lakefield:
17.8% (65)
State:
14.7% (214,426)
Number of families with income $100k - 125k:
Lakefield:
12.1% (44)
State:
13.1% (190,094)
Number of families with income $125k - 150k:
Lakefield:
8.0% (29)
Minnesota:
10.3% (149,830)
Number of families with income $150k - 200k:
Lakefield:
2.2% (8)
Minnesota:
13.6% (197,479)
Number of families with income > $200k:
Lakefield:
4.7% (17)
State:
16.1% (233,828)
Median non-family income in Lakefield in 2022:
Lakefield:
$41,209
State:
$48,461
Change in median non-family income between 2000 and 2022:
Lakefield, Minnesota:
+104.8%
State:
+73.6%
Median per capita income in Lakefield in 2022:
Lakefield:
$31,673
State:
$45,021
Change in median per capita income between 2000 and 2022:
Lakefield, Minnesota:
+97.9%
Minnesota:
+94.1%
Income statistics for White residents
Median household income in Lakefield, MN in 2022:
Lakefield:
$57,525
State:
$85,697
Change in median household income between 2000 and 2022:
Lakefield, Minnesota:
+84.2%
State:
+77.5%
Number of households with income < $10k:
Lakefield:
6.2% (44)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Lakefield:
10.3% (73)
Minnesota:
5.1% (97,289)
Number of households with income $20k - 30k:
Lakefield:
8.3% (59)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Lakefield:
6.5% (46)
State:
6.2% (118,402)
Number of households with income $40k - 50k:
Lakefield:
11.0% (78)
Minnesota:
6.6% (126,331)
Number of households with income $50k - 60k:
Lakefield:
8.6% (61)
Minnesota:
6.8% (129,961)
Number of households with income $60k - 75k:
Lakefield:
16.5% (117)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Lakefield:
15.8% (112)
Minnesota:
13.8% (265,776)
Number of households with income $100k - 125k:
Lakefield:
6.8% (48)
State:
11.2% (214,803)
Number of households with income $125k - 150k:
Lakefield:
4.8% (34)
Minnesota:
8.6% (164,715)
Number of households with income $150k - 200k:
Lakefield:
2.3% (16)
Minnesota:
10.6% (203,283)
Number of households with income > $200k:
Lakefield:
2.7% (19)
State:
12.2% (233,694)
Aggregate household income in Lakefield in 2022: $47,916,490
Median family income in Lakefield in 2022:
Lakefield:
$67,797
Minnesota:
$110,049
Number of families with income < $10k:
Lakefield:
0.9% (3)
State:
1.5% (17,407)
Number of families with income $10k - 20k:
Lakefield:
0.7% (2)
Minnesota:
1.9% (22,955)
Number of families with income $20k - 30k:
Lakefield:
5.1% (18)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Lakefield:
8.9% (31)
Minnesota:
3.7% (44,598)
Number of families with income $40k - 50k:
Lakefield:
8.2% (29)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Lakefield:
13.1% (46)
Minnesota:
5.4% (64,644)
Number of families with income $60k - 75k:
Lakefield:
18.5% (64)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Lakefield:
17.3% (60)
State:
14.8% (177,106)
Number of families with income $100k - 125k:
Lakefield:
12.2% (43)
State:
13.6% (162,292)
Number of families with income $125k - 150k:
Lakefield:
8.1% (28)
State:
10.9% (130,417)
Number of families with income $150k - 200k:
Lakefield:
2.2% (8)
State:
14.3% (171,257)
Number of families with income > $200k:
Lakefield:
4.7% (17)
Minnesota:
17.1% (204,721)
Median non-family income in Lakefield in 2022:
Lakefield:
$42,130
State:
$49,920
Change in median non-family income between 2000 and 2022:
Lakefield, Minnesota:
+109.3%
State:
+76.0%
Median per capita income in Lakefield in 2022:
Lakefield:
$32,422
Minnesota:
$49,507
Change in median per capita income between 2000 and 2022:
Lakefield, Minnesota:
+102.5%
State:
+103.3%
Income statistics for Asian residents
Median per capita income in Lakefield in 2022:
Lakefield:
$166,796
State:
$39,496
Income statistics for Hispanic or Latino residents
Aggregate household income in Lakefield in 2022: $1,692,398
Median per capita income in Lakefield in 2022:
Lakefield:
$10,925
State:
$27,748
Change in median per capita income between 2000 and 2022:
Lakefield, Minnesota:
+37.4%
State:
+127.2%
Income statistics for Multirace residents
Median per capita income in Lakefield in 2022:
Lakefield:
$9,282
State:
$28,529
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