HomeMinnesotaMille Lacs County
Mille Lacs County, Minnesota: commercial real estate data.
Mille Lacs County, Minnesota has a population of 27,125 across 572 square miles, up 4.2 percent since the 2020 census base. County output reached $1.16 bn in 2024, 742 establishments operate here, and the SBA record carries 44 7(a) approvals worth $18.3 m.
121 sourced county values · tier FULL · 11 sections
Mille Lacs County
How many people live in Mille Lacs County
- Population27,125
- Households10,672
- Average household size2.54
- Median household income$72,729
- Median age41.2
- Median gross rent$903 per month
- Median owner-occupied home value$258,300
- Home value to household income3.6 times
- Annual rent as a share of median income14.9 percent
- Adults 25 and over with a bachelor degree or higher18.2 percent
- Adults 25 and over with a graduate degree5.4 percent
- Adults 25 and over18,908
- Population under 186,279
- Share under 1823.1 percent
- Population 65 and over5,036
- Share 65 and over18.6 percent
- Working age population, 18 to 6415,810
- Civilian labor force13,845
- Unemployment rate4.0 percent
- Labor force participation, adults 18 and over66.4 percent
- Rank by population among Minnesota counties39th of 87
- Rank by population among US county-equivalents1573rd
Mille Lacs County is the 39th largest of 87 Minnesota counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.1 percent against 18.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Mille Lacs County
Is Mille Lacs County growing
- Population change since the 2020 census base4.21 percent
- Census 2020 base population26,462
- Births, 2024270
- Deaths, 2024338
- Natural change, 2024-68
- Net domestic migration, 2024230
- Net international migration, 20240
- Total net migration, 2024230
- Cumulative net domestic migration, 2021 to 20241,448
- Rank by growth among US county-equivalents652nd
The county has grown 4.21 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Mille Lacs County
Where people moving to Mille Lacs County come from
- Tax returns filed by households arriving935
- People arriving, from those returns1,690
- Adjusted gross income arriving$58.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,873
- Largest single originMille Lacs County Non-migrants (9,956 households)
- Largest single destination (9,956 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mille Lacs County Non-migrants | 9,956 | 20,162 | $675.3 m |
| Sherburne County | 183 | 366 | $12.3 m |
| Other flows - Same State | 170 | 301 | $10.0 m |
| Other flows - Different State | 107 | 179 | $6.2 m |
| Hennepin County | 89 | 141 | $6.4 m |
| Anoka County | 74 | 147 | $5.6 m |
| Stearns County | 62 | 92 | $2.9 m |
| Isanti County | 60 | 118 | $4.3 m |
The largest single source of arrivals is Mille Lacs County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Mille Lacs County
What the Mille Lacs County economy runs on
- County GDP, 2024$1.16 bn
- County GDP, 2023$1.08 bn
- GDP change, 2023 to 20247.8 percent
- GDP change over five years38.2 percent
- Rank by GDP among Minnesota counties48th
- Rank by GDP among US county-equivalents1720th
- GDP per resident$42,759
Output grew 7.8 percent in the latest year and 38.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Mille Lacs County
Who employs people in Mille Lacs County
- Covered employment, annual average9,372
- Establishments reporting796
- Average annual pay$47,582
- Average weekly wage$915
- Sector 44-45, employment1,141
- Sector 44-45, average annual pay$29,038
- Sector 72, employment781
- Sector 72, average annual pay$19,764
- Sector 31-33, employment723
- Sector 31-33, average annual pay$52,445
- Sector 23, employment464
- Sector 23, average annual pay$66,709
- Sector 54, employment271
- Sector 81, employment242
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,141 | 96 | $29,038 |
| Sector 72 | 781 | 70 | $19,764 |
| Sector 31-33 | 723 | 42 | $52,445 |
| Sector 23 | 464 | 120 | $66,709 |
| Sector 54 | 271 | 33 | $84,554 |
| Sector 81 | 242 | 93 | $28,590 |
| Sector 52 | 216 | 26 | $73,670 |
| Sector 56 | 201 | 27 | $56,902 |
The largest sector is the biggest private employer group at 1,141 jobs, 12.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Mille Lacs County
What businesses operate in Mille Lacs County
- Establishments, all industries742
- Employment at those establishments8,011
- Annual payroll$376.6 m
- Establishments per 1,000 residents27.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Mille Lacs County
What is being built in Mille Lacs County
- Housing units authorised by permit, 2024162
- Declared construction value permitted$32.2 m
- Single family units authorised82
- Multifamily units authorised80
- Multifamily share of units49.4 percent
- Average declared value per unit$198,582
- Units authorised per 1,000 households15.2
Multifamily is 49.4 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Mille Lacs County
How much SBA lending happens in Mille Lacs County
- 7(a) approvals recorded44
- 7(a) gross approval dollars$18.3 m
- Average 7(a) approval$416,911
- Median 7(a) approval$246,500
- 10th percentile approval$50,000
- 90th percentile approval$1,000,000
- Largest single approval$1,694,000
- Jobs reported supported, 7(a)459
- Jobs per approval10.4
- Distinct 7(a) lenders active19
- Distinct industries receiving approvals33
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer22.7 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter32
- Franchise loans4
- Franchise share of approvals9.1 percent
- Leading industry by approval countGeneral Automotive Repair (5)
- Most active lenderThe First National Bank of Milaca (9)
- 504 approvals recorded26
- 504 gross approval dollars$15.2 m
- Average 504 approval$585,269
- Median 504 approval$568,000
- Distinct CDCs active5
- 504 jobs per approval11.6
- 504 jobs per million dollars approved19.8
- Most active CDCMidwest Business Finance Corporation (14)
- 7(a) share of SBA approvals62.9 percent
- Combined SBA approval dollars$33.6 m
The average approval of $416,911 sits well above the median of $246,500, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 22.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mille Lacs County
Do SBA loans in Mille Lacs County get paid back
- Loans with a final outcome recorded14
- Paid in full14
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full14
- Status: Cancelled4
- Status: Exempt from disclosure25
- Status: Committed, not yet disbursed1
Of the 14 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mille Lacs County
Which parts of Mille Lacs County get the lending
- Places in the county with recorded lending5
- PRINCETON, approvals16
- ONAMIA, approvals10
- MILACA, approvals9
- Isle, approvals7
- WAHKON, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| PRINCETON | 16 | $5,341,700 |
| ONAMIA | 10 | $5,827,900 |
| MILACA | 9 | $4,459,000 |
| Isle | 7 | $2,269,200 |
| WAHKON | 2 | $446,300 |
PRINCETON accounts for 16 approvals against 10 in ONAMIA. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mille Lacs County
How big is Mille Lacs County
- Land area572 sq mi
- Rank by land area among Minnesota counties56th of 87
- Width, east to west18.3 mi
- Height, north to south47.5 mi
- Geographies sharing a boundary7
- Residents per square mile of land47
- Establishments per square mile1.30
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Mille Lacs County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Mille Lacs County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population27,125
- Households10,672
- Average household size2.54
- Median household income$72,729
- Median age41.2
Common questions
Mille Lacs County questions, answered from the record.
How many people live in Mille Lacs County, Minnesota?
27,125, in 10,672 households, ranking 39th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Mille Lacs County growing?
The population has grown 4.21 percent since the 2020 census base. In 2024 there were 270 births against 338 deaths, with net migration of 230. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Mille Lacs County?
$72,729. The median owner-occupied home is valued at $258,300, which is 3.6 times income, and median gross rent is $903 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Mille Lacs County?
742 establishments, employing 8,011 people with an annual payroll of $376.6 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Mille Lacs County?
Average annual pay is $47,582, or $915 a week, across 9,372 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Mille Lacs County?
44 7(a) approvals totalling $18.3 m since FY2020, across 19 lenders, with a median approval of $246,500, plus 26 504 approvals worth $15.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Mille Lacs County get paid back?
Of the 14 loans that have reached a final outcome, 14 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Mille Lacs County?
162 housing units were authorised by permit in 2024, with a declared construction value of $32.2 m. Multifamily was 49.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Mille Lacs County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Mille Lacs County come from?
The largest single origin is Mille Lacs County Non-migrants, with 9,956 households. Arriving households report an average income of $62,873 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Mille Lacs County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Mille Lacs County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.