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Lake Shore city, Minnesota

City

Population: 1,117 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Lake Shore city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Lake Shore city

What is the median household income in Lake Shore city?
The median household income in Lake Shore city is $96,923 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Lake Shore city?
The poverty rate in Lake Shore city is 7.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Lake Shore city?
$532,500 (U.S. Census Bureau ACS 2023).
What is the average rent in Lake Shore city?
The median gross rent in Lake Shore city is $982 per month (U.S. Census Bureau ACS 2023).
What percentage of Lake Shore city residents have a college degree?
39.6% of adults in Lake Shore city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,117
Median Income
$96,923
Median Home Value
$532,500
Poverty Rate
7.0%
Unemployment (ACS 2023)
1.1%
Median Age
55.0 yrs
Since 2019 Median Income: +$6,660 (+7.4%) Home Value: +$156,500 (+41.6%) Poverty Rate: +2.7 pp (+62.8%) Bachelor's+: -3.8 pp (-8.8%) Unemployment: -2.7 pp (-71.1%)

Demographics

Total Population 1,117
Median Age 55.0
Female 49.2%
Race & Ethnicity
Hispanic or Latino 3.7% White (non-Hisp.) 92.8% Black 0.2% Two or More 3.5%
Hispanic Subgroups (% of total pop.)
Mexican
3.2%
Puerto Rican
0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $96,923 ±$19,638
+$9,367 vs. state
Per Capita Income $133,530
Median Family Income $96,154
Poverty Rate 7.0%
+1.5 pp vs. state
Child Poverty Rate 0.0%
Working-Age Poverty Rate
SNAP Recipients 1.2%
Social Security Income
Retirement Income 34.8%
Household Income Distribution
< $10k
0.4%
$10–15k
3.5%
$15–25k
4.3%
$25–35k
6.9%
$35–50k
6.5%
$50–75k
15.4%
$75–100k
14.2%
$100–150k
24.2%
$150–200k
6.7%
$200k+
17.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 1,060
Owner-Occupied 90.7%
Renter-Occupied 9.3%
Vacancy Rate 53.6%
Median Home Value $532,500
+$227,000 vs. state
Median Gross Rent $982
Owner Cost Burden (30%+) 37.2%
Renter Cost Burden (30%+) 0.0%
Home Value Distribution
< $50k
2.0%
$50–100k
0.7%
$100–200k
5.4%
$200–300k
8.5%
$300–500k
27.4%
$500k–$1M
46.0%
$1M+
8.5%
Gross Rent Distribution
$500–1k
54.3%
$1–1.5k
30.4%
$1.5–2k
4.3%
$2.5–3.5k
10.9%
Vehicle Availability
No vehicle
0.6%
1 vehicle
18.7%
2 vehicles
51.4%
3+
29.3%
Housing Type
Single-fam. det.
86.0%
Single-fam. att.
5.4%
5–19 units
3.0%
20+ units
0.8%
Mobile home
4.0%
Housing Age
Pre-1940
2.8%
1940–1969
2.0%
1970–1999
15.3%
2000–2009
22.8%
2010+
12.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 97.1%
Bachelor's or Higher 39.6%
+0.8 pp vs. state
Graduate Degree 10.5%
Some College / Associate 21.2%
Less Than High School 1.2%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 55.4%
Unemployment Rate 1.1%
-2.8 pp vs. state
Work from Home 16.2%
Self-Employed 12.0%
Government Workers 12.6%
Private For-Profit 75.4%
Industry
Edu/Health
19.7%
Retail
14.3%
Prof. Services
13.2%
Finance
9.2%
Construction
6.7%
Arts/Entmt.
5.3%
Public Admin
4.8%
Information
4.6%
Transportation
4.0%
Agriculture
3.6%
Manufacturing
3.2%
Wholesale
1.1%
Occupation
Management
44.1%
Sales
26.7%
Food Prep
18.3%
Construction
6.5%
Production
4.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 21.8 min
Drove Alone 75.1%
Carpool 7.5%
Public Transit 0.0%
Work from Home 16.2%
Walked 0.6%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 492
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 68.7%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 16.5%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
4.5%
5–9
4.2%
10–14
3.8%
15–19
5.7%
20–24
1.1%
25–34
11.7%
35–44
7.3%
45–54
11.6%
55–64
9.1%
65–74
10.1%
75–84
22.4%
85+
6.4%
Under 18: 17.3% Working age (18–64): 82.7% 65 and over: 30.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 1.2%
Naturalized Citizen 100.0%
Speaks English Less Than Very Well 0.0%
Foreign-Born Origin
Asia
30.8%
Europe
23.1%

Veterans & Disability

Veteran 8.9%
With a Disability 9.8%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 96.4%
Uninsured 3.6%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 93.9%
Has a Computer 97.8%
Same House 1 Year Ago 92.1%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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