Lanesboro, Minnesota Median Income

Lanesboro, Minnesota has a population of 740, with a median household income of $58,400.

Current median income data for Lanesboro.

$58,400

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Population

740

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Median Income

$58,400

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Unemployment

3.50%

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Housing Price

$235,000

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Crime Rate

9.10

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Internet Speed

200.00 Mbps

Lanesboro 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.

Lanesboro is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Lanesboro has a population of 740, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Lanesboro is $58,400, which is below the state average, indicating moderate economic conditions.

Housing Market

Housing prices in Lanesboro average around $235,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Lanesboro is 3.50%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Lanesboro are higher than the state average, which may be a factor for residents to consider.

City Comparison

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

As part of Minnesota, Lanesboro contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Lanesboro

What is the population of Lanesboro?

The population of Lanesboro is approximately 740.

Is Lanesboro a good place to live?

Lanesboro 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 Lanesboro?

The median household income in Lanesboro is around $58,400.

How expensive is housing in Lanesboro?

The average housing price in Lanesboro is approximately $235,000.