Lakefield is located in Jackson county Minnesota with a geographic area of 1.3 square miles. The total population in Lakefield is 1,683 with 45.7% male and 54.3% female. Children under age 5 represent 6.8% of the population, under age 18 equal 26.7% of the population and over age 65 is 24.8% of the population. The median household income is $53,914, per capita income is $26,444. There are a total of 741 housing units with 83.5% owner occupied. Education includes 44.4% of residents that are high school graduates and 8.1% with a bachelor's degree or higher. The average temperature in Lakefield in the summer is 70 degrees, and in the winter 9 degrees.