Lake Marshall, Minnesota Population 2024

553

Lake Marshall is a city located in Lyon County and Redwood County Minnesota. Lake Marshall has a 2024 population of 553. Lake Marshall is currently declining at a rate of -0.36% annually and its population has decreased by -0.36% since the most recent census, which recorded a population of 555 in 2020.

The average household income in Lake Marshall is $140,197 with a poverty rate of 2.1%. The median age in Lake Marshall is 39.1 years: 39.3 years for males, and 38 years for females.

Lake Marshall Demographics

According to the most recent ACS, the racial composition of Lake Marshall was:

  • White: 93.19%
  • Two or more races: 3.33%
  • Black or African American: 1.53%
  • Other race: 1.11%
  • Asian: 0.83%
  • Native American: 0%
  • Native Hawaiian or Pacific Islander: 0%
Land Area (mi²)
28.3 sq mi
Density (mi²)
19.60/sq mi
Growth Since 2020
-0.36% (-2)
The current population of Lake Marshall, Minnesota is 553 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 555.

Population by Race

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Race
Population
Percentage (of total)
White67193.19%
Two or more races243.33%
Black or African American111.53%
Other race81.11%
Asian60.83%
Native American00%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Black or African American

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

Lake Marshall Population by Race

Lake Marshall Population Pyramid 2024

Lake Marshall Median Age

39.1

Total

39.3

Male

38

Female

Lake Marshall Adults

There are 443 adults, (73 of whom are seniors) in Lake Marshall.

Lake Marshall Age Dependency

94.6

Age Dependency Ratio

19.7

Old Age Dependency Ratio

74.9

Child Dependency Ratio

Lake Marshall Sex Ratio

Female36851.11%
Male35248.89%

Lake Marshall Population by Age

Lake Marshall Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All2073.488713
Married1603.8997.52.5
Non Family221.5954.545.5
Female162.8862.537.5
Male91.7822.277.8

3.69

Average Family Size

3.48

Average Household Size

87.0%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Lake Marshall Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade82%
Associates Degree225.49%
Bachelors Degree15438.4%
Graduate Degree379.23%
High School Graduate8320.7%
Less Than 9th Grade00%
Some College9724.19%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Lake Marshall Educational Attainment by Sex (over 25)

Lake Marshall Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White381373180
Hispanic10102
Other Race770
Black444
2+ Races443
Asian222

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%.

Lake Marshall Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$64,583$98,750$62,891
Graduate Degree$60,625$0$61,875
High School Graduate$32,500$52,857$17,059
Less Than 9th Grade$0$0$0
Overall$62,563$80,688$43,750
Some College$55,833$72,500$25,000

$62,563

Average Earnings

$80,688

Average Male

$43,750

Average Female

Lake Marshall Earnings by Educational Attainment

Lake Marshall Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Lake Marshall Language

99.15% of Lake Marshall residents speak only English, while 0.85% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.28% of the population.

Lake Marshall Language

Lake Marshall Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White665142.11%
Other8112.5%
Hispanic1715.88%

2.1%

Overall Poverty Rate

1.43%

Male Poverty Rate

2.73%

Female Poverty Rate

Poverty in Lake Marshall

The race most likely to be in poverty in Lake Marshall is Other, with 12.5% below the poverty level.

The race least likely to be in poverty in Lake Marshall is White, with 2.11% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 6.77%, and for those that did not work, the poverty rate was 2%.

Lake Marshall Poverty

rate

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Rate
Poverty
High School3.61%
Some College0.84%
Bachelors or Greater0.52%
Less Than 9th Grade0%

Lake Marshall Poverty Rate by Education

rate

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Rate
Poverty
Female Unemployed80%
Male Employed1.78%
Female Employed1.25%
Male Unemployed0%

Lake Marshall Poverty Rate by Employment Status and Sex

Lake Marshall Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$135,208$148,029
Households$116,563$140,197
Married Families$143,095$-999,999,999
Non Families-$74,336

mean

median

Income by Household Type

Lake Marshall Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

59.3%

Overall Marriage Rate

63.8%

Male Marriage Rate

55.3%

Female Marriage Rate

Lake Marshall Married by Age and Sex

male

female

Lake Marshall Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 35-44.

Lake Marshall Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Lake Marshall Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

21

Number of Veterans

19

Male Veterans

2

Female Veterans

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War
Veterans
Vietnam11
Second Gulf War5
Korea4
First Gulf War3
World War II0

Lake Marshall Veterans by War

count

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Age Group
Veterans
65 to 749
75+7
18 to 342
55 to 642
35 to 541

Lake Marshall Veterans by Age

count

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Name
Veterans
% of Total
White215.01%
Hispanic318.75%

Lake Marshall Veterans by Race

Lake Marshall Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

0%

Veteran Poverty Rate

19.05%

Veteran Disability Rate

Lake Marshall Veterans by Education

LaborForceParticipation

68.6%

Labor Force Participation

67.1%

Employment Rate

2.1%

Unemployment Rate

Lake Marshall Employment by Age

LaborForceParticipation

Lake Marshall Employment by Race

LaborForceParticipation

Lake Marshall Employment by Education

Origin of Non-Citizens

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.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

72.36%

Born in Lake Marshall

99.03%

Native Born

0.97%

Foreign Born

0%

Non Citizen

0.97%

Naturalized

Place of Birth

99.03% of Lake Marshall residents were born in the United States, with 72.36% having been born in Minnesota. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Africa.

Lake Marshall Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
2029543-2-0.37%
2028545-2-0.37%
2027547-2-0.36%
2026549-2-0.36%
2025551-2-0.36%
2024553-2-0.36%
2023555-2-0.36%
2022557-2-0.36%
202155940.72%
2020555-5-0.89%
2019560-4-0.71%
2018564-3-0.53%
2017567-1-0.18%
201656871.25%
2015561-1-0.18%
201456210.18%
2013561-2-0.36%
201256310.18%
201156210.18%
201056100%

Lake Marshall Population by Year