County profile
Lake County, MN
United States · GDP 2024
#2322 of 3,127 US counties by GDPbottom-decile growthmore diversified than 36% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$564.7M
BEA · 2024
GDP growth (YoY)
-15.4%
BEA · 2024
Jobs tracked
3,213
Census CBP · 2023
Employers
340
Census CBP · 2023
Avg. wage
$52.2k
BLS QCEW · 2023
Population
10,746
Census PEP · 2025
Labor, income & education
Unemployment
4.4%
Median HH income
$75.5k±$4.7k
Bachelor's degree+
26.8%±2.6%
Poverty rate
8.6%±1.8%
Business applications
114 · 2025
Retail establishments
51
47.4/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Manufacturing29%
Food & accommodation26%
Health care18%
Retail trade16%
Arts & recreation6%
Other services5%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
10,746
residents · 2025 · -1.6% since 2020
Income per capita $60.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+196
International migration+0
Natural change−360
GDP trend
2019–2024 · nominal
$584.6M2019
$536.8M2020
$561.5M2021
$599.1M2022
$667.9M2023
$564.7M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$241.3k±$10.3k
Median gross rent
$1.1k/mo±$57/mo
Vacancy rate
33.7%±2.2%
Affordability
4.6× wages
Residential permits
$22.9M
83 units · 7.7/1k pop
FEMA risk score
33.9
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 89Winter weather 83Cold wave 83
FHFA HOUSE PRICE INDEX · 2016–2025
2472016
2672017
2772018
3042019
3032020
3572021
4152022
4342023
4572024
4782025
RESIDENTIAL PERMITS · 2021–2025
↑ 2% since 2021812021
852022
722023
752024
832025
Transport access
BTS · FAA · USACE
Nearest interstate
103.3 km
I-35
Nearest freight rail
11.5 km
PVTX
Nearest port
40.4 km
Silver Bay, MN
Nearest commercial airport
105.1 km
DULUTH INTL
Waterborne tonnage, host port(s) (CY2023):17,708,251 short tons/yr · Two Harbors, MN, Silver Bay, MN
Wage trend
BLS QCEW · 2019–2023$52.2k
avg. annual pay · +18% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Lake?
Lake's economy produced $564.7M in 2024, contracting 15.4% year over year — among the slowest-growing US counties. Its largest employment sector is manufacturing.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.