Lakeland, MN
1,492Residents
$100,132Median household income
$1,668/moMedian gross rent
$373,900Median home value
56.2Median age
47%Adults with a bachelor’s degree or higher
87%Homes lived in by their owners
3.7×Home value to household income
Median rent takes about 20% of the median household income in Lakeland.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $67,000 a year. In Minnesota that leaves roughly $4,284 a month after tax. See the full paycheck breakdown for $65,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.