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The total population of Lake Park is estimated to be 602 with 318 males (52.82%) and 284 females (47.18%). There are 34 less females than males in Lake Park.
The median household income in Lake Park was $58,234 in 2021, which marked an an increase of 5,543(10.52%) from $52,691 in 2020. This income is 78.06% 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, Lake Park sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,015. Overall, the median household income for the city of Lake Park stands at $58,234.
In Lake Park, the median income for all workers aged 15 years and older, regardless of work hours, was $46,904 for males and $30,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,703 for males and $38,507 for females.
In Lake Park, population is primarily represented by White households, reporting a median income of $67,557.
In 2022, the population of Lake Park was 723, a 0.55% decrease year-by-year from 2021. Previously, in 2021, Lake Park's population was 727, a decline of 0.14% compared to a population of 728 in 2020.
The median age in Lake Park, MN is 33.0, as per 2021 ACS 5-Year Estimates. Of the total population, 28.44% were under the age of 15, 15.44% aged 15 to 29, 46.02% aged 30 to 64, 8.56% aged 65 to 84, and 1.53% were 85 years of age and older.
Racial distribution of Lake Park population: 90.21% are White, 2.14% are American Indian and Alaska Native, 3.52% are Asian, 3.82% are some other race and 0.31% are multiracial.