Lake Belt township, Minnesota Median Income

Lake Belt township, Minnesota has a population of 145, with a median household income of $78,400.

Current median income data for Lake Belt township.

$78,400

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Population

145

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Median Income

$78,400

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Unemployment

2.90%

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Housing Price

$215,000

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Crime Rate

3.20

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Internet Speed

50.00 Mbps

Lake Belt township is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Lake Belt township, located in Minnesota, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Lake Belt township has a population of 145, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Lake Belt township is $78,400, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

The average housing price in Lake Belt township is about $215,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Lake Belt township is 2.90%, which is lower than the state average, indicating a relatively strong job market. Lake Belt township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Minnesota, Lake Belt township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Lake Belt township continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Lake Belt township

What is the population of Lake Belt township?

The population of Lake Belt township is approximately 145.

Is Lake Belt township a good place to live?

Lake Belt township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Lake Belt township?

The median household income in Lake Belt township is around $78,400.

How expensive is housing in Lake Belt township?

The average housing price in Lake Belt township is approximately $215,000.