Apartments for rent in Lanesboro, MN

A small town in Minnesota, Lanesboro has a population of just under 1,000. It's a nice place to settle down, as retirees account for a greater percentage of the population (28%) here than they do nationally (14%), while young adults are less well-represented. Overall, the town's population, with an average age of just over 47, is decidedly older than most cities in Minnesota. Home ownership is more common than renting in Lanesboro, and 23% of residents rent. With a relatively low average rent of $514/month in the town, renting remains an affordable option, particularly compared to other cities in Minnesota. Each month, renters in Lanesboro will pay around $477 less compared to the state average.

Lanesboro has an average commute time of about 25 minutes. Many residents (41%) drive their own vehicle to work, while public transportation isn't used much. Walking (6%) isn't a common method of commuting to work, though the number far exceeds the national average.

Lanesboro has a relatively large number of college graduates compared to the national average (13%), as 17% of the town's residents over the age of 25 possess a Bachelor's Degree. Additionally, 25% possess a Bachelor's, Master's, Professional, or Doctoral degree. If you're looking for career options, Lanesboro has you covered. The four most common industries are healthcare, education, manufacturing, and entertainment. Together, these industries make up 30% of the town's workforce. Meanwhile, looking at job function, many workers in these industries are in management, as 8% of the town's population reports this as their field of work, the highest number of any field. With an average annual income of just over $62K, Lanesboro workers earn less than their peers elsewhere in Minnesota. The town's average income also falls below the national average of $73,345.