This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Pequot Lakes page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 2,236, so Pequot Lakes should be compared with similar-size places before using broader Minnesota averages. Median household income is $66,974, so the best affordability read for Pequot Lakes is income versus housing, taxes, utilities, and insurance together.
Median home value is $246,400, so ownership costs in Pequot Lakes should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $792/mo, so renters can compare Pequot Lakes against ownership costs and nearby rental markets.
Housing and Income Context
For Pequot Lakes, income sits in the middle range, making recurring bills worth watching. Home values sit in a moderate range where taxes and utilities still change the monthly math.
Use the home value, rent, and income fields together before deciding whether Pequot Lakes looks more favorable for renting, buying, or comparing with Lake Shore, MN.
Utility Cost Context
The residential electricity benchmark is $0.151/kWh, so Pequot Lakes households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Pequot Lakes is a Minnesota state-level EIA benchmark, so it should not be read as a local provider tariff.
For Pequot Lakes, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $2,183, so Pequot Lakes buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Pequot Lakes address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Pequot Lakes depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Pequot Lakes, especially when comparing with Lake Shore, MN.
Population and Demographics
Median age is 43.0, so Pequot Lakes may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 32.6%, so Pequot Lakes education context can be useful when reading labor-market and school sections.
Unemployment is 4.5%, so Pequot Lakes wage and job-market context should be compared with commute options and regional employment centers.
