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The total population of Gem Lake is estimated to be 475 with 222 males (46.74%) and 253 females (53.26%). There are 31 more females than males in Gem Lake.
The median household income in Gem Lake was $127,007 in 2021, which marked an a decrease of 6,137(4.61%) from $133,144 in 2020. This income is 170.24% 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, Gem Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $172,946. Overall, the median household income for the city of Gem Lake stands at $127,007.
In Gem Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $74,651 for males and $51,682 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $99,984 for males and $69,809 for females.
In Gem Lake, population is primarily represented by White households, reporting a median income of $126,839.
In 2022, the population of Gem Lake was 516, a 2.46% decrease year-by-year from 2021. Previously, in 2021, Gem Lake's population was 529, a decline of 0.56% compared to a population of 532 in 2020.
The median age in Gem Lake, MN is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 24.00% were under the age of 15, 9.80% aged 15 to 29, 45.00% aged 30 to 64, 18.60% aged 65 to 84, and 2.60% were 85 years of age and older.
Racial distribution of Gem Lake population: 95.40% are White, 2.80% are Asian and 1.80% are multiracial.