Economic Profile
Economic Development in the City of Heron Lake is a key ingredient that has led to the success of our community today. Helping local businesses and outside companies looking to relocate to the City of Heron Lake through various incentive plans, tax abatements, and resources, with the overall goal of enhancing the City of Heron Lake by promoting economic growth.
How can you help out? Shop local and buy local! It is amazing how it will sustain a community.
Link to the United States Census Bureau
In 2023, Heron Lake, MN had a population of 591 people with a median age of 40.4 and a median household income of $66,607. Between 2022 and 2023, the population of Heron Lake, MN, declined from 600 to 591, a −1.5% decrease, and its median household income grew from $65,750 to $66,607, a 1.3% increase.
In 2023, the median property value in Heron Lake, MN was $86,200, and the homeownership rate was 85.3%.
Most people in Heron Lake, MN, drove alone to work, and the average commute time was 18.5 minutes. The average car ownership in Heron Lake, MN was two cars per household.