Lax Lake, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Lax Lake, MN: Quick Facts & Overview
- Population: 2,485 residents (19 people per sq. mi.)
- Average House Price: $181,985
- Average Household Income: $72,981
Lax Lake, MN is located in the state of Minnesota. It is home to about 2,485 people, with around 19 residents living in every square mile.
If you want to buy a house in Lax Lake, the average price is around $181,985. That makes local housing 30% lower than the Minnesota average of $260,056, and 41% lower than the national average of $308,592.
The average household in Lax Lake earns about $72,981 a year. This income is 11% lower than the average family in Minnesota ($82,068), and 7% lower than the national average ($78,686).
Population
2,485
Median Household Income
$72,981
Median Home Value
$181,985
Median Age
51.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $42,734 |
| Labor Force Participation | 48.8% |
| Unemployment Rate | 2.1% |
| Average Commute Time | 21.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 85.5% |
| Median Rent | $1,138 |
| Rent Burdened (>30% Income) | 15.8% |
| Total Housing Units | 1,240 |
Additional Census & Housing Profile
Geographic Overview
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 19.4/sq mi |
| Coordinates (lat/lng) | 47.3441, -91.3088 |
| Timezone | America/Chicago |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.46 |
| Dual Income Families | 40.2% |
Marital Status
| Married | 49.6% |
| Never Married | 27.8% |
| Divorced | 14.5% |
| Widowed | 8.1% |
Gender
| Male | 51.1% |
| Female | 48.9% |
Health & Poverty
| Uninsured Rate (Health) | 1.4% |
| Poverty Rate | 9.7% |
Key Population Groups
| Veterans | 6.5% |
| Disabled Population | 14.0% |
| Limited English Proficiency | 0.3% |
All ZIP Codes in Lax Lake
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55614 | 2,485 | $72,981 | $181,985 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Silver Bay, MN | 3.7 miles | 1,769 |
| Finland, MN | 6.2 miles | 257 |
| Two Harbors, MN | 27.7 miles | 3,567 |
| Cornucopia, WI | 35 miles | 108 |
| Knife River, MN | 35.2 miles | 131 |
| Babbitt, MN | 36.3 miles | 1,393 |
| Lutsen, MN | 36.7 miles | 222 |
| Port Wing, WI | 39.4 miles | 148 |
| Hoyt Lakes, MN | 40.6 miles | 2,064 |
| Bayfield, WI | 43.2 miles | 565 |
| Aurora, MN | 45.4 miles | 1,792 |
| Ely, MN | 46.3 miles | 3,240 |
| Winton, MN | 46.4 miles | 124 |
| Rice Lake, MN | 48.8 miles | 4,153 |
| Biwabik, MN | 49.6 miles | 966 |
| Washburn, WI | 49.9 miles | 1,884 |