Pros and Cons of Living In Forest Lake, Minnesota. Is Forest Lake, MN a Nice Place To Live or Retire?

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Forest Lake, Minnesota

Moving to Forest Lake In Minnesota ? Is Forest Lake, MN a Nice Place To Live? Pros and Cons of Living in Forest Lake, Minnesota. Find out the best and worst about to live, raise a family or retire in Forest Lake.

DEMOGRAPHICS

Population
20393
Unemployment
5%
6% NAT AVG.
Poverty
5%
64% NAT AVG.
Cost Of Living
110
10% NAT AVG.

ECONOMICS

Median Home Cost
$286500
25% NAT AVG.
Median Income
$84436
25% NAT AVG.
Median Rent
$1132
2% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
645
30% NAT. AVG.
26% STATE AVG.
Violent Crime
38
54% NAT. AVG.
35% STATE AVG.
Property Crime
607
46% NAT. AVG.
35% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 20
Unemployed People
1 in 20
People Earning < $10,000
1 in 34
People Earning < $50,000
26.9%
People With Any Degree
1 in 2.2

ETHNICITY

Ethnicity Forest Lake USA
White 85.4% 60.1%
African American 1.7% 12.2%
American Indian 0.3% 0.6%
Asian 4.8% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3.1% 2.8%
Hispanic 4% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Forest Lake USA
Less than $10,000 2.9% 5.8%
$10,000 to $14,999 2.2% 4.1%
$15,000 to $24,999 4.5% 8.5%
$25,000 to $34,999 6% 8.6%
$35,000 to $49,999 11.3% 12.0%
$50,000 to $74,999 17.9% 17.2%
$75,000 to $99,999 13.7% 12.8%
$100,000 to $149,999 22.1% 15.6%
$150,000 to $199,999 9.9% 7.1%

EDUCATION

Education Forest Lake USA
< 9th Grade 2% 5.0%
9-12th Grade 4% 7.0%
High School or GED 25% 27.0%
Other College 23% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 24% 20.0%
Master's Degree 9% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
Forest Lake is a city in Minnesota state in USA with a population of 20393 residents.. The poverty rate of Forest Lake is 5%, which is 64% lower than national average. The typical household in Forest Lake earns $84436 a year, compared to the national median of $67,500. Nearly 26.9% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Forest Lake remained 5%, which is 6% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Forest Lake is 110, which is 10% higher than national average. In Forest Lake, only 36% of adults have a bachelor's degree and 33% have some college but no degree. Median home value in Forest Lake is $286500 , which is 25% higher than national average. While median income in Forest Lake remained $84436, which is 25% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Forest Lake Scorecard

Jobs80%

Housing85%

Affordability80%

Safety60%

Amenities80%

Diversity70%

Education85%

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