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The total population of Forest Lake is estimated to be 20,553 with 9,922 males (48.28%) and 10,631 females (51.72%). There are 709 more females than males in Forest Lake.
The median household income in Forest Lake was $94,853 in 2021, which marked an a decrease of 825(0.86%) from $95,678 in 2020. This income is 127.14% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Forest Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $136,422. Overall, the median household income for the city of Forest Lake stands at $94,853.
In Forest Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $55,178 for males and $42,264 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,626 for males and $58,839 for females.
In Forest Lake, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $145,129, while Two or More Races households represent the opposite end with the lowest median household income of $57,642.
In 2022, the population of Forest Lake was 20,857, a 1.06% increase year-by-year from 2021. Previously, in 2021, Forest Lake's population was 20,638, a decline of 0.30% compared to a population of 20,701 in 2020.
The median age in Forest Lake, MN is 38.6, as per 2021 ACS 5-Year Estimates. Of the total population, 19.05% were under the age of 15, 20.07% aged 15 to 29, 45.15% aged 30 to 64, 14.09% aged 65 to 84, and 1.64% were 85 years of age and older.
Racial distribution of Forest Lake population: 86.40% are White, 2.99% are Black or African American, 0.33% are American Indian and Alaska Native, 3.61% are Asian, 0.17% are Native Hawaiian and other Pacific Islander, 1.81% are some other race and 4.68% are multiracial.