| Index | Lakefield | Minnesota | National |
| Average Test Scores | 54% | 52% | 48% |
| Student/Teacher ratio | 15:1 | 16:1 | 16:1 |
| Total public schools | 2 | 2,224 | 79,221 |
| Total private schools | 2 | 477 | 24,874 |
| Total post-secondary schools | n/a | 140 | 7,963 |
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| Index | Lakefield | Minnesota | National |
| Completed 8th grade | 92.0% | 90.5% | 84.3% |
| Completed high school | 91.0% | 89.5% | 83.0% |
| Completed some college | 53.6% | 66.9% | 59.4% |
| Completed associate degree | 29.7% | 45.2% | 38.5% |
| Completed bachelors | 18.6% | 34.2% | 30.3% |
| Completed masters | 4.1% | 11.5% | 11.5% |
| Completed professional degree | 0.6% | 3.5% | 3.3% |
| Completed doctorate | 0.3% | 1.4% | 1.3% |
There are a total of 2 public schools, 2 private schools and n/a post-secondary schools in Lakefield. Using the proficiency score averages, the average test scores for Lakefield, MN schools is 54%. The average student to teacher ratio is 15:1. In Lakefield, MN, an average of 92.0% of students have completed 8th grade and an average of 91.0% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Jackson, MN | 3,302 | 53% | 10.9% |
| Heron Lake, MN | 729 | 50% | 3.1% |
| Windom, MN | 4,584 | 45% | 6.9% |
| Brewster, MN | 565 | 41% | 15.1% |
| Okabena, MN | 215 | 35% | 27.1% |
| Lakefield, MN | 1,740 | 54% | 11.5% |
| City | Population | Avg. Test Scores | National Avg. |
| Itta Bena, MS | 1,740 | 17% | 65.1% |
| Courtland, VA | 1,740 | 84% | 75.3% |
| Watertown, TN | 1,741 | 36% | 25.7% |
| Princeville, IL | 1,741 | 47% | 3.1% |
| McColl, SC | 1,739 | 29% | 40.6% |
| Lakefield, MN | 1,740 | 54% | 11.5% |
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