The city of Lake George, Minnesota (zip code 56458) is a small town nestled in the north woods of the state. It boasts a population of only 545 people and offers a peaceful and tranquil lifestyle to its residents. Despite its small size, however, Lake George has been consistently ranked highly among BestPlaces for many categories, including Cost of Living Index, Housing Index, Education Level, and Average Income. The Cost of Living Index score puts Lake George at an impressive rating of 94 out of 100 – the second-highest score among cities in Minnesota with populations under 10,000. Likewise, its Housing Index is also high at 85 out of 100 while the Educational Attainment Score is above average at 88 percent. Finally, Lake George has one of the highest Average Incomes among communities in Minnesota with a population below 10,000; it ranks 4th with an average income of $31,051. Overall then, these rankings from BestPlaces demonstrate that despite its small size and rural location, Lake George is doing quite well compared to other towns and cities in the region when it comes to Cost of Living Index scores, Housing Index scores, Education Levels and Average Incomes.
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