Economy & Jobs — Lakefield, Minnesota
Income & Employment
| Median Household Income (Census) | $71,648 |
|---|
| Estimated 2026 | ~$71,400 |
|---|
| Per Capita Income | $31,865 |
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| Poverty Rate | 10.5% |
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| Unemployment Rate | 0.5% |
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| In Labor Force | 846 |
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Top Industries
| Industry | Share |
|---|
| Manufacturing | 25.8% |
| Education Healthcare | 21.6% |
| Retail | 9.8% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 8 |
| Gas Stations | 7 |
| Commercial Banks | 7 |
| Insurance Agencies | 6 |
| Child Day Care | 6 |
| Auto Repair | 4 |
| Hotels Motels | 4 |
| Fast Food | 4 |
| Liquor Stores | 3 |
| Beauty Salons | 3 |
| Law Offices | 3 |
| Dental Offices | 3 |
| Chiropractors | 3 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
