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Lake Park, MN

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Lake Park is a tiny city located in the state of Minnesota. With a population of 723 people and just one neighborhood, Lake Park is the 422nd largest community in Minnesota. Much of the housing stock in Lake Park was built prior to World War II, making it one of the older and more historic cities in the country.

Lake Park real estate is some of the most expensive in Minnesota, although Lake Park house values don't compare to the most expensive real estate in the U.S.

Occupations and Workforce

Lake Park is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Lake Park is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Lake Park who work in business and financial occupations (9.97%), office and administrative support (9.67%), and management occupations (7.55%).

Setting & Lifestyle

Being a small city, Lake Park does not have a public transit system used by locals to get to and from work.

Demographics

In terms of college education, Lake Park is nearly on par with the US average for all cities of 21.84%: 18.64% of adults 25 and older in Lake Park have a bachelor's degree or advanced degree.

The per capita income in Lake Park in 2018 was $31,824, which is lower middle income relative to Minnesota, and middle income relative to the rest of the US. This equates to an annual income of $127,296 for a family of four. However, Lake Park contains both very wealthy and poor people as well.

Lake Park is a somewhat ethnically-diverse city. The people who call Lake Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Park residents report their race to be White, followed by Asian. Important ancestries of people in Lake Park include Norwegian, German, Swedish, Scandinavian, and Irish.

The most common language spoken in Lake Park is English. Other important languages spoken here include Tagalog and Mon-Khmer (Cambodian).

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lake Park, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 44.8% of the residential real estate vacant, the neighborhood claims the distinction of having a higher vacancy rate than 98.2% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, this neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 23 people per square mile living here, this neighborhood is less crowded than 94.2% of America. One of the notable things about is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

People

If you're planning where to retire, the neighborhood in Lake Park is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in MN, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.2% of the neighborhoods in Minnesota. If you are considering retiring to Minnesota, this is a good neighborhood to look at.

Diversity

Did you know that the neighborhood has more Norwegian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 38.1% of this neighborhood's residents have Norwegian ancestry and 8.7% have Swedish ancestry.

is also pretty special linguistically. Significantly, 0.1% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 95.5% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Lake Park are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.4% of the neighborhoods in America. In addition, 2.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 72.3% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the neighborhood, 43.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.6%), and 13.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 98.9% of households. Some people also speak Polish (2.1%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the neighborhood in Lake Park, MN, residents most commonly identify their ethnicity or ancestry as Norwegian (38.1%). There are also a number of people of German ancestry (33.4%), and residents who report Swedish roots (8.7%), and some of the residents are also of Irish ancestry (8.0%), along with some English ancestry residents (4.1%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (32.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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