Wolf Lake, Minnesota Median Income

Wolf Lake, Minnesota has a population of 70, with a median household income of $38,400.

Current median income data for Wolf Lake.

$38,400

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Population

70

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Median Income

$38,400

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Unemployment

6.20%

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Housing Price

$115,000

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Crime Rate

0.10

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Internet Speed

100.00 Mbps

Wolf Lake 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.

Situated in Minnesota, Wolf Lake provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Wolf Lake has a population of 70, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Wolf Lake is $38,400, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Wolf Lake is about $115,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Wolf Lake is 6.20%, slightly above the state average, suggesting moderate employment conditions. Wolf Lake has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

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

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

Frequently Asked Questions about Wolf Lake

What is the population of Wolf Lake?

The population of Wolf Lake is approximately 70.

Is Wolf Lake a good place to live?

Wolf Lake 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 Wolf Lake?

The median household income in Wolf Lake is around $38,400.

How expensive is housing in Wolf Lake?

The average housing price in Wolf Lake is approximately $115,000.