Lakefield is a city located in Minnesota. With a 2020 population of 1,621, it is the 285th largest city in Minnesota and the 8424th largest city in the United States. Lakefield is currently declining at a rate of 0.00% annually and its population has decreased by -4.31% since the most recent census, which recorded a population of 1,694 in 2010. Lakefield reached it's highest population of 1,708 in 2010. Spanning over 1 miles, Lakefield has a population density of 1,211 people per square mile.
The average household income in Lakefield is $62,628 with a poverty rate of 6.08%. The median rental costs in recent years comes to $745 per month, and the median house value is $91,100. The median age in Lakefield is 36 years, 36 years for males, and 36 years for females. For every 100 females there are 85.5 males.