Lakefield is a city located in Jackson County Minnesota. With a 2020 population of 1,599, it is the 287th largest city in Minnesota and the 8469th largest city in the United States . Lakefield is currently declining at a rate of -0.50% annually and its population has decreased by -5.61% since the most recent census, which recorded a population of 1,694 in 2010. Lakefield reached it's highest population of 1,713 in 2010. Spanning over 1 miles, Lakefield has a population density of 1,195 people per square mile.
The average household income in Lakefield is $60,744 with a poverty rate of 6.81%. The median rental costs in recent years comes to $774 per month, and the median house value is $93,000. The median age in Lakefield is 36.4 years, 36.7 years for males, and 35.8 years for females.