Population 2,204 · Census ACS 2020–24
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Population and households in Madison Lake
Household size in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.64 | 2.52 | 2.68 |
| 2010–14 | 2.48 | 2.54 | 2.73 |
| 2015–19 | 2.38 | 2.55 | 2.71 |
| 2020–24 | 2.54 | 2.52 | 2.65 |
| Change | −0.11 | +0.00 | −0.03 |
Households in Madison Lake run a little small, averaging 2.54 people against 2.65 nationally, which usually means more singles and couples and fewer children. The picture is much the same across Minnesota. Since 2006–10, household size has dropped from 2.64, but in a place this small, much of that may be survey noise rather than real change.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 35.9 | 37.9 | 37.7 |
| 2010–14 | 41.9 | 38.9 | 38.6 |
| 2015–19 | 41.5 | 39.6 | 39.6 |
| 2020–24 | 39.9 | 40.0 | 40.1 |
| Change | +4.0 | +2.1 | +2.3 |
Half of the people in Madison Lake are younger than 39.9 and half are older, close to the national median of 40.1.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 6.4% | 9.9% | 12.3% |
| 2010–14 | 8.9% | 10.2% | 12.3% |
| 2015–19 | 9.9% | 9.7% | 11.6% |
| 2020–24 | 8.1% | 9.6% | 11.6% |
| Change | +1.7 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Madison Lake: 8.1% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Madison Lake
Renters in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 24.3% | 25.8% | 33.3% |
| 2010–14 | 23.2% | 27.9% | 35.6% |
| 2015–19 | 21.8% | 28.4% | 36.0% |
| 2020–24 | 27.0% | 27.8% | 34.8% |
| Change | +2.7 pts | +2.0 pts | +1.5 pts |
More than a quarter of households in Madison Lake rent their homes (27.0%), below the national share of 34.8%; the rest own. The picture is much the same across Minnesota. Nearly four in ten owners (38.5%) have paid off their mortgages, about the same as nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 20.2% | 9.2% | 11.4% |
| 2010–14 | 18.5% | 9.0% | 11.4% |
| 2015–19 | 20.5% | 8.7% | 11.1% |
| 2020–24 | 18.3% | 8.3% | 9.6% |
| Change | −1.9 pts | −0.9 pts | −1.8 pts |
Vacancy is high in Madison Lake: 18.3% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1979 | 1973 | 1974 |
| 2010–14 | 1978 | 1974 | 1975 |
| 2015–19 | 1989 | 1975 | 1977 |
| 2020–24 | 1990 | 1978 | 1980 |
| Change | +10 | +5 | +6 |
Madison Lake has newer housing than the country as a whole: the median home was built in 1990, versus 1980 nationally.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $766 | $882 | $965 |
| 2010–14 | $811 | $953 | $1,040 |
| 2015–19 | $1,055 | $1,099 | $1,213 |
| 2020–24 | $1,096 | $1,404 | $1,571 |
| Change | +$330 | +$522 | +$606 |
A typical rental in Madison Lake costs $1,096 a month with utilities, well below the national median of $1,571. The typical renter here spends 23.1% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Madison Lake
Bachelor's degrees in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 25.6% | 32.1% | 28.4% |
| 2010–14 | 28.7% | 33.7% | 29.6% |
| 2015–19 | 33.6% | 36.2% | 32.1% |
| 2020–24 | 40.1% | 39.6% | 35.6% |
| Change | +14.5 pts | +7.4 pts | +7.2 pts |
College degrees are a bit more common in Madison Lake than nationally: 40.1% of adults 25 and older have a bachelor's or higher, against 35.6%. Minnesota as a whole looks much the same.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 94.2% | 91.4% | 84.9% |
| 2010–14 | 95.1% | 92.2% | 86.1% |
| 2015–19 | 97.5% | 93.0% | 87.7% |
| 2020–24 | 97.8% | 93.7% | 89.3% |
| Change | +3.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in Madison Lake: 97.8% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Madison Lake
| Period | Madison Lake | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 4.6% | 6.5% | 8.1% |
| 2010–14 | 5.0% | 6.5% | 9.4% |
| 2015–19 | 3.2% | 3.7% | 5.6% |
| 2020–24 | 3.5% | 4.1% | 5.4% |
| Change | −1.1 pts | −2.4 pts | −2.7 pts |
Jobs have been easier to find in Madison Lake than nationally: unemployment was 3.5%, against 5.4%. The picture is much the same across Minnesota. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Madison Lake compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Madison Lake | 2.54 | 39.9 | 8.1% | 27.0% | 18.3% | 1990 | $1,096 | 40.1% | 97.8% | 3.5% |
| Marysburg | 2.65 | 44.3 | 6.1% | 9.0% | 28.4% | 1985 | $1,013 | 41.3% | 98.4% | 5.0% |
| Eagle Lake | 2.56 | 35.3 | 9.8% | 27.9% | 3.7% | 1994 | $1,414 | 33.3% | 96.8% | 2.6% |
| Smiths Mill | 2.44 | 47.9 | 3.7% | 18.5% | 8.4% | 1978 | $864 | 34.5% | 96.5% | 1.7% |
| Elysian | 2.30 | 47.0 | 7.0% | 11.6% | 25.6% | 1983 | $1,041 | 30.8% | 96.3% | 4.5% |
| Cleveland | 2.48 | 43.1 | 5.8% | 16.2% | 19.4% | 1971 | $1,025 | 29.0% | 96.8% | 4.0% |
| Kasota | 2.53 | 44.8 | 6.3% | 13.5% | 14.1% | 1980 | $959 | 35.0% | 96.9% | 7.1% |
| Janesville | 2.52 | 41.7 | 11.7% | 11.7% | 8.4% | 1969 | $858 | 23.6% | 94.1% | 2.8% |
| St. Clair | 2.65 | 44.4 | 5.2% | 6.5% | 4.8% | 1979 | $1,018 | 34.8% | 98.1% | 2.0% |
| Mankato | 2.39 | 31.8 | 11.2% | 46.2% | 7.2% | 1982 | $1,286 | 35.4% | 94.3% | 5.8% |
| North Mankato | 2.43 | 38.1 | 12.8% | 30.9% | 5.5% | 1982 | $1,081 | 41.7% | 96.5% | 2.7% |
All figures 2020–24.
Cities with similar populations: Bernice, LA · Beverly Hills, TX · Bokoshe, OK · Buena, NJ · Bylas, AZ · Caseville, MI · Cavalier, ND · Center Hill, FL · Clintondale, NY · Russia, OH
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Madison Lake. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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