Lakefield, MN
1,507Residents
$71,648Median household income
$770/moMedian gross rent
$133,800Median home value
43.3Median age
19%Adults with a bachelor’s degree or higher
90%Homes lived in by their owners
1.9×Home value to household income
Median rent takes about 13% of the median household income in Lakefield.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $31,000 a year. In Minnesota that leaves roughly $2,082 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.