The median income of Lakefield residents was an inflation-adjusted $29,000 per year. Lakefield had 721 households in 2017, with a population of 1,703.
The city with the highest median resident income in the state was Deephaven. Deephaven's median income was $68,182 per year after adjusting for inflation – $39,182 more than Lakefield. It had 1,377 households in 2017 and a population of 3,818.
Boy River had the lowest annual resident income among cities in Minnesota, with a median income of only $6,625 per year. That was $22,375 less than the median income in Lakefield at the time. Boy River had 27 households in 2017 and a population of 59.
The table below shows the top 100 cities ranked by median annual resident earnings in 2017.