Laketown, Minnesota Population 2024

1,889

Laketown is a city located in Carver County and Hennepin County 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.

Laketown Demographics

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

  • White: 94.23%
  • Two or more races: 2.32%
  • Black or African American: 1.42%
  • Other race: 1.18%
  • Asian: 0.66%
  • Native American: 0.19%
  • Native Hawaiian or Pacific Islander: 0%
Land Area (mi²)
23.8 sq mi
Density (mi²)
79.20/sq mi
Growth Since 2020
-3.72% (-73)
The current population of Laketown, Minnesota is 1,889 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 1,962.

Population by Race

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Race
Population
Percentage (of total)
White1,99294.23%
Two or more races492.32%
Black or African American301.42%
Other race251.18%
Asian140.66%
Native American40.19%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Black or African American

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

Laketown Population by Race

Laketown Population Pyramid 2024

Laketown Median Age

35.7

Total

38.8

Male

34.4

Female

Laketown Adults

There are 1,721 adults, (289 of whom are seniors) in Laketown.

Laketown Age Dependency

47.6

Age Dependency Ratio

20.2

Old Age Dependency Ratio

27.4

Child Dependency Ratio

Laketown Sex Ratio

Female1,01748.11%
Male1,09751.89%

Laketown Population by Age

Laketown Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All6212.7495.74.3
Married5202.9796.33.7
Non Family881.490.99.1
Male112.641000
Female22.51000

2.96

Average Family Size

2.74

Average Household Size

95.7%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Laketown Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade292.43%
Associates Degree14612.22%
Bachelors Degree42235.31%
Graduate Degree20817.41%
High School Graduate22018.41%
Less Than 9th Grade50.42%
Some College16513.81%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Laketown Educational Attainment by Sex (over 25)

Laketown Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White1,1631,134617
Hispanic1494
Other Race1050
2+ Races990
Black555
Native American444

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%.

Laketown Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$91,250$96,184$71,806
Graduate Degree$71,420$68,125$71,591
High School Graduate$48,906$56,250$43,333
Less Than 9th Grade$0$0$0
Overall$70,319$77,083$65,625
Some College$65,313$70,625$48,750

$70,319

Average Earnings

$77,083

Average Male

$65,625

Average Female

Laketown Earnings by Educational Attainment

Laketown Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Laketown Language

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.

Laketown Language

Laketown Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White1,650321.94%
Other1818100%
Hispanic221881.82%

2.94%

Overall Poverty Rate

3.03%

Male Poverty Rate

2.84%

Female Poverty Rate

Poverty in Laketown

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%.

Laketown Poverty

rate

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Rate
Poverty
Less Than 9th Grade29.41%
High School3.18%
Some College2.57%
Bachelors or Greater0.79%

Laketown Poverty Rate by Education

rate

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Rate
Poverty
Female Employed2.89%
Male Employed1.01%
Male Unemployed0%
Female Unemployed0%

Laketown Poverty Rate by Employment Status and Sex

Laketown Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$152,750$171,458
Households$134,050$162,205
Married Families$153,500$-999,999,999
Non Families$68,864$106,156

mean

median

Income by Household Type

Laketown Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

57.0%

Overall Marriage Rate

57.2%

Male Marriage Rate

56.7%

Female Marriage Rate

Laketown Married by Age and Sex

male

female

Laketown Marriage

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.

Laketown Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Laketown Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

69

Number of Veterans

61

Male Veterans

8

Female Veterans

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War
Veterans
Vietnam36
Second Gulf War19
First Gulf War18
Korea0
World War II0

Laketown Veterans by War

count

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Age Group
Veterans
75+20
65 to 7416
35 to 5414
55 to 6414
18 to 345

Laketown Veterans by Age

count

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Name
Veterans
% of Total
White583.58%
Other Race529.41%
Hispanic510.2%
Native American4100%
2+ Races25.56%

Laketown Veterans by Race

Laketown Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

7.25%

Veteran Poverty Rate

34.78%

Veteran Disability Rate

Laketown Veterans by Education

LaborForceParticipation

71.6%

Labor Force Participation

71.2%

Employment Rate

0.6%

Unemployment Rate

Laketown Employment by Age

LaborForceParticipation

Laketown Employment by Race

LaborForceParticipation

Laketown 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

72.71%

Born in Laketown

98.53%

Native Born

1.47%

Foreign Born

0.85%

Non Citizen

0.61%

Naturalized

Place of Birth

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.

Laketown Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20291,744-29-1.64%
20281,773-29-1.61%
20271,802-29-1.58%
20261,831-29-1.56%
20251,860-29-1.54%
20241,889-29-1.51%
20231,918-29-1.49%
20221,947-29-1.47%
20211,976140.71%
20201,962-262-11.78%
20192,224-10-0.45%
20182,234-26-1.15%
20172,260331.48%
20162,227-22-0.98%
20152,249-44-1.92%
20142,293-2-0.09%
20132,295632.82%
20122,232-50-2.19%
20112,2821547.24%
20102,12800%

Laketown Population by Year