Lakefield, MN Employment - Median Household Income, Unemployment Rate

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C+

12%

Income/capita NAT. AVG.

1%

Household income NAT. AVG.

67%

Unemployment NAT. AVG.

Index	Lakefield	Minnesota	National
Income per capita	$39,501	$49,588	$44,883
Median household income	$80,330	$92,370	$81,333
Median income owner occupied	$85,243	$117,544	$106,172
Median income renter occupied	$63,167	$52,026	$52,080
Median earnings male	$58,009	$60,747	$54,343
Median earnings female	$37,845	$42,223	$38,439
Unemployment rate	1.6%	3.6%	4.9%
Poverty level	4.9%	10.8%	15.1%

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Homes For Sale In Lakefield, MN

101 4th Ave N

Lakefield, MN

45760 710th St

Lakefield, MN

302 W 5th Ave

Lakefield, MN

0 Okabena RD

Heron Lake Twp, MN

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Key findings

The income per capita in Lakefield is 12% lower than the national average
The median household income in Lakefield is 1% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Lakefield is 67% lower than the national average
The poverty level in Lakefield is 68% lower than the national average

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am i middle class

$53,547 $80,330 $160,660

City

$61,573 $92,370 $184,740

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Lakefield median earnings by income bracket

Lakefield employment by industry

Labour Type	Male	Female
Construction industry	17.3%	17.3%
Manufacturing sector	27.3%	27.3%
Financial & insurance services	0.5%	0.5%
Wholesale & retail services	14.6%	14.6%
Public administration	2.7%	2.7%
Transportation, warehousing & utilities	7.1%	7.1%
Education, health & social services	3.6%	3.6%
Other	24.6%	24.6%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Alpha, MN	167	$145,765	79.2%
Fish Lake, MN	56	$113,592	39.7%
Okabena, MN	215	$107,787	32.5%
Heron Lake, MN	729	$103,592	27.4%
Jackson, MN	3,302	$95,808	17.8%
Lakefield, MN	1,740	$80,330	1.2%

Cities with similar population

City	Population	Household Income	National Avg.
Itta Bena, MS	1,740	$35,079	56.9%
Courtland, VA	1,740	$76,333	6.1%
Wrightsville, AR	1,739	$41,106	49.5%
Princeville, IL	1,741	$87,975	8.2%
Bernice, LA	1,741	$32,794	59.7%
Lakefield, MN	1,740	$80,330	1.2%

Source: The Lakefield, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.