Laketown is a city located in Minnesota. Laketown has a 2024 population of 1,889. Laketown is currently declining at a rate of -1.51% annually and its population has decreased by -3.72% since the most recent census, which recorded a population of 1,962 in 2020.
The average household income in Laketown is $162,205 with a poverty rate of 2.94%. The median age in Laketown is 35.7 years: 38.8 years for males, and 34.4 years for females.
According to the most recent ACS, the racial composition of Laketown was:
White
Two or more races
Black or African American
Other race
Asian
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 621 | 2.74 | 95.7 | 4.3 |
| Married | 520 | 2.97 | 96.3 | 3.7 |
| Non Family | 88 | 1.4 | 90.9 | 9.1 |
| Male | 11 | 2.64 | 100 | 0 |
| Female | 2 | 2.5 | 100 | 0 |
2.96
Average Family Size
2.74
Average Household Size
95.7%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among black people with a rate of 100%.
All
Male
Female
$70,319
Average Earnings
$77,083
Average Male
$65,625
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
95.73% of Laketown residents speak only English, while 4.27% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.94% of the population.
rate
2.94%
Overall Poverty Rate
3.03%
Male Poverty Rate
2.84%
Female Poverty Rate
The race most likely to be in poverty in Laketown is Other, with 100% below the poverty level.
The race least likely to be in poverty in Laketown is White, with 1.94% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.4%. Among those working part-time, it was 2.79%, and for those that did not work, the poverty rate was 7.36%.
Married
Widowed
Divorced
Separated
NeverMarried
57.0%
Overall Marriage Rate
57.2%
Male Marriage Rate
56.7%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
7.25%
Veteran Poverty Rate
34.78%
Veteran Disability Rate
LaborForceParticipation
71.6%
Labor Force Participation
71.2%
Employment Rate
0.6%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
72.71%
Born in Laketown
98.53%
Native Born
1.47%
Foreign Born
0.85%
Non Citizen
0.61%
Naturalized
98.53% of Laketown residents were born in the United States, with 72.71% having been born in Minnesota. 0.85% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 1,744 | -29 | -1.64% |
| 2028 | 1,773 | -29 | -1.61% |
| 2027 | 1,802 | -29 | -1.58% |
| 2026 | 1,831 | -29 | -1.56% |
| 2025 | 1,860 | -29 | -1.54% |
| 2024 | 1,889 | -29 | -1.51% |
| 2023 | 1,918 | -29 | -1.49% |
| 2022 | 1,947 | -29 | -1.47% |
| 2021 | 1,976 | 14 | 0.71% |
| 2020 | 1,962 | -262 | -11.78% |
| 2019 | 2,224 | -10 | -0.45% |
| 2018 | 2,234 | -26 | -1.15% |
| 2017 | 2,260 | 33 | 1.48% |
| 2016 | 2,227 | -22 | -0.98% |
| 2015 | 2,249 | -44 | -1.92% |
| 2014 | 2,293 | -2 | -0.09% |
| 2013 | 2,295 | 63 | 2.82% |
| 2012 | 2,232 | -50 | -2.19% |
| 2011 | 2,282 | 154 | 7.24% |
| 2010 | 2,128 | 0 | 0% |