This data is based on ZIP code 56554.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Lake Park ZIP Area Economy · 2022
Wages -8% vs. avg. Becker Co. town
Lake Park's ZIP area supports 269 jobs across 63 businesses, with workers earning an average of $45K per year, 8% below the Becker County average. The economy is well-diversified (0.94 index), led by construction and retail trade. 96.8% of businesses have fewer than 20 employees, and each business employs an average of 4.3 people. Jobs grew 1.5% from the prior year while business count declined 4.5%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Becker Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
63 businesses by employee count. 96.8% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Economic Densityi
0.45
jobs per resident
4.3
employees per business
County avg: 10.4-59%
$20K
payroll per resident
$193K
payroll per business
Lake Park ZIP Area vs. Avg. Becker Co. Towni
All Industries in ZIP Areai
| Sector | Lake Park ZIP | Avg. Becker Co. | Spec. |
|---|---|---|---|
| Construction | 14 | 29 | 1.1x |
| Retail Trade | 9 | 21 | 1.0x |
| Professional Services | 7 | 9 | 1.8x |
| Food & Accommodation | 7 | 12 | 1.3x |
| Other Services | 7 | 16 | 1.0x |
| Wholesale Trade | 4 | 5 | 1.8x |
| Finance & Insurance | 3 | 8 | 0.9x |
| Real Estate | 3 | 6 | 1.1x |