The Town FilesLakewood, Minnesota
Township in St. Louis County · population 2,276 (2020 Census)
- Median home
- $378,200
- Household income
- $111,111
- Jan low / Jul high
- -2° / 77°
- Snow a year
- 75 in
- Tornadoes ≤10 mi since 1950
- 4
- Median age
- 52.2
Lakewood is a township of 2,276 people in St. Louis County, Minnesota. The median home is worth $378,200, above the typical Minnesota town ($301,800). It ranks better for cycling than 93% of Minnesota towns, more upscale than 92% of Minnesota towns, better for families than 89% of Minnesota towns.
How Lakewood ranks
Percentile among Minnesota towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Minnesota towns.
Homes and cost of living
The median home in Lakewood is worth $378,200, above the typical Minnesota town ($301,800). Homes cost about 3.4 times the median household income of $111,111, which is more affordable than 50% of Minnesota towns. 97.8% of households own their home.
| Housing | Lakewood | Typical Minnesota town |
|---|---|---|
| Median home value | $378,200 | $301,800 |
| Median rent | — | $991 |
| Median household income | $111,111 | $87,375 |
| Home value ÷ income | 3.4× | 3.4× |
| Homeownership | 97.8% | 88.6% |
| Median year built | 1987 | 1979 |
| Seasonal / vacation homes | 2.2% | — |
Who lives in Lakewood
| People | Lakewood | Typical Minnesota town |
|---|---|---|
| Median age | 52.2 | 42.7 |
| Age 65 and over | 24.7% | 20.0% |
| Under 18 | 21.9% | — |
| Bachelor's degree or higher | 49.9% | 26.2% |
| Below the poverty line | 5.3% | 6.9% |
| Veterans | 9.5% | — |
| Born outside the U.S. | 2.1% | — |
| Work from home | 15.3% | 11.1% |
| Average commute | 24.1 min | 24.5 min |
| Homes with broadband | 92.5% | 90.2% |
Weather in Lakewood
July highs average 76.5°F and January lows -2.5°F. About 30.7 inches of rain and melted snow fall a year, with 75.0 inches of snow (typical Minnesota town: 47.0 in). Expect about 1 days a year at 90°F or hotter and 190 nights at or below freezing.
Tornadoes, storms and disasters
4 tornadoes have passed within 10 miles of Lakewood since 1950, compared with 14 for the typical Minnesota town. 2 rated (E)F2 or stronger. The strongest, an F3, struck on August 6, 1969 about 8.8 miles from the town center and killed 2. Tornadoes within 10 miles have caused 2 deaths and 3 injuries since 1950. The most recent was on May 18, 2022.
Hail of 1 inch or larger has been reported within 10 miles 55 times; the largest was 3.50 inches on August 23, 1998.
Severe weather in St. Louis County since 1996
St. Louis County has been included in 17 federal disaster or emergency declarations since 1953, most often for fire, flood, drought.
| Declared | Incident | Declaration |
|---|---|---|
| May 14, 2025 | Fire | FM-5583: Munger Shaw Fire |
| June 28, 2024 | Flood | DR-4797: Severe Storms And Flooding |
| July 19, 2023 | Flood | DR-4722: Severe Storms And Flooding |
| July 13, 2022 | Flood | DR-4659: Severe Storms, Straight-Line Winds, And Flooding |
| April 7, 2020 | Biological | DR-4531: Covid-19 Pandemic |
Jobs and pay in St. Louis County
St. Louis County had 95,504 jobs in 2024, paying an average of $60,452 a year. Unemployment was 3.2% in 2023; in Lakewood itself the ACS puts it at 3%.
Towns near Lakewood
- Normanna, MN5.9 mi · 769 people · home $382,200
- Rice Lake, MN6.8 mi · 4,112 people · home $309,600
- Duluth, MN7.2 mi · 2,039 people · home $329,000
- Gnesen, MN10.1 mi · 1,931 people · home $451,500
- Duluth, MN11.3 mi · 86,697 people · home $242,700
- Fredenberg, MN12.6 mi · 1,431 people · home $426,600
- Canosia, MN12.8 mi · 2,206 people · home $374,800
- Hermantown, MN13.9 mi · 10,221 people · home $382,300
Lakewood questions
Is Lakewood, Minnesota a good place to retire?
On The Town Files lifestyle rankings, Lakewood scores better for retirees than 73% of Minnesota towns and quieter than 59%. 24.7% of residents are 65 or older (median age 52.2).
How much does a house cost in Lakewood?
The median owner-occupied home in Lakewood is valued at $378,200 (Census ACS 2020–2024), against a median household income of $111,111, so homes cost about 3.4 times income. Median rent is — a month.
What is the weather like in Lakewood?
July highs average 76.5°F and January lows -2.5°F (NOAA 1991–2020 normals). It gets about 30.7 inches of precipitation a year and 75.0 inches of snow.
Does Lakewood get tornadoes?
4 tornadoes have passed within 10 miles of Lakewood since 1950 (NOAA Storm Events); the strongest was a F3 on August 6, 1969. The typical Minnesota town has had 14.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)