Lake Benton, Minnesota Unemployment

Lake Benton, Minnesota has a population of 680, with a median household income of $54,200.

Current unemployment data for Lake Benton.

3.80%

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Population

680

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Median Income

$54,200

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Unemployment

3.80%

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Housing Price

$145,000

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Crime Rate

11.40

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Internet Speed

100.00 Mbps

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

Population Overview

Lake Benton has a population of 680, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Lake Benton is $54,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Lake Benton is about $145,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Lake Benton is 3.80%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Lake Benton are higher than the state average, which may be a factor for residents to consider.

City Comparison

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

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

Frequently Asked Questions about Lake Benton

What is the population of Lake Benton?

The population of Lake Benton is approximately 680.

Is Lake Benton a good place to live?

Lake Benton 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 Benton?

The median household income in Lake Benton is around $54,200.

How expensive is housing in Lake Benton?

The average housing price in Lake Benton is approximately $145,000.