Lake Elizabeth, MN is a small city with a population of just over 1,000 people. Despite its size, the community ranks high in several key categories according to BestPlaces.net. Residents enjoy a low cost of living at 11% lower than the national average while also enjoying low crime rates that are 3% lower than the national average. The cost of housing is quite affordable with median home prices at $152,200 and median rent prices at just $719 per month. Education options for local youth are ample with all public schools receiving an “A” rating from GreatSchools and an impressive 10 college options within 50 miles. Overall Lake Elizabeth makes for an excellent place to live with its low costs and high-quality services making it one of the top ranked cities in Minnesota by BestPlaces.net
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