Madison Lake, MN is ranked highly in many categories on the BestPlaces rankings. Madison Lake has a high score of 7.3 out of 10 for its education system, making it an excellent place to raise a family. The cost of living in Madison Lake is also quite low, with the average home price of $186,000 and a median household income of $50,637. The city is also ranked as one of the best places to retire due to its peaceful environment and access to great outdoor recreation activities. Other noteworthy rankings include 4th best small town in Minnesota and 11th most diverse city in Minnesota. Additionally Madison Lake was voted as one of the safest cities to live according to FBI crime data. These impressive rankings make Madison Lake one of the best places to live or visit in Minnesota.
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