Lakefield is a city located in Jackson County, Minnesota. Lakefield has a 2026 population of 1,698. Lakefield is currently declining at a rate of -0.35% annually and its population has decreased by -2.08% since the most recent census, which recorded a population of 1,734 in 2020.
The median household income in Lakefield is $71,648 with a poverty rate of 10.54%. The median age in Lakefield is 43.3 years: 39.5 years for males, and 46.9 years for females. For every 100 females there are 85.8 males.
Data after 2023 is projected based on recent change
Overall: 43.3 years
Female: 46.9 years
Male: 39.5 years
There are 1,195 adults, (440 of whom are seniors) in Lakefield.
Female: 811 (53.8%)
Male: 696 (46.2%)
The racial composition of Lakefield includes 95.89% White, and smaller percentages for Asian, other race and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 1,445 | 95.89% |
| Two or more races | 52 | 3.45% |
| Asian | 6 | 0.4% |
| Other race | 4 | 0.27% |
Lakefield 's average per capita income is $50,486. Household income levels show a median of $71,648. The poverty rate stands at 10.54%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $98,375 | - |
| Families | $78,500 | $97,156 |
| Households | $71,648 | $76,060 |
| Non Families | $29,625 | $41,931 |
Average Income
Median Household Income
Poverty Rate