Lakefield, a city located in the state of Minnesota (MN), is home to a population of approximately 1,626 people. Lakefield boasts a median age of 41.6, with around 32.6% of its residents aged 60 or above. 9.1% of the population identifies as US Veterans. 18.8% of Lakefield residents are disabled. The city has an average household income of $58,977, while the unemployment rate stands at 0.4%, and around 10.8% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Lakefield is $113,787, with a monthly rent averaging $829.