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Lake City, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
12,515
Population
$56,472
Median Income
$184,900
Home Value
36.9
Median Age

Demographics

Lake City has a population of 12,515 with a median age of 36.9. Here is the racial and ethnic breakdown of the population:

White
57.5%
Black
32.5%
Hispanic
4.7%
Other
4.0%
Asian
1.3%
Demographic Value
Total Population12,515
Median Age36.9
White57.5%
Black or African American32.5%
Asian1.3%
Hispanic or Latino4.7%
Other / Two or More Races4.0%
Lake City, Florida — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 57.5%Black: 32.5%Hispanic/Latino: 4.7%Other: 4.0%Other: 1.3%12,515PopulationWhiteWhite57.5%BlackBlack32.5%Hispanic/LatinoHispanic/Latino4.7%OtherOther4.0%OtherOther1.3%

Income & Economy

The median household income in Lake City is $56,472, which is 29.9% below the national median of $80,610. The per capita income is $29,767. The poverty rate is 19.8%.

$56,472
Median Household Income
$29,767
Per Capita Income
19.8%
Poverty Rate

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Education

In Lake City, 89.0% of residents age 25+ have a high school diploma or higher, and 23.7% hold a bachelor's degree or higher (7.2% with a graduate or professional degree).

HS Diploma+
89.0%
Bachelor's+
23.7%
Graduate+
7.2%
Education Level % of Adults (25+)
High School Diploma or Higher89.0%
Bachelor's Degree or Higher23.7%
Graduate or Professional Degree7.2%

Housing

The median home value in Lake City is $184,900, below the national median of $303,400. The median monthly rent is $1,040. The homeownership rate is 39.9%.

$184,900
Median Home Value
$1,040/mo
Median Rent
39.9%
Homeownership Rate
Housing Metric Value
Median Home Value$184,900
Median Monthly Rent$1,040
Homeownership Rate39.9%
Vacancy Rate8.6%

Salaries in Florida

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Frequently Asked Questions

What is the population of Lake City, Florida?
The population of Lake City, Florida is 12,515 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake City, Florida?
The median household income in Lake City, Florida is $56,472. This is 29.9% below the national median of $80,610.
What is the median home value in Lake City, Florida?
The median home value in Lake City, Florida is $184,900. The median monthly rent is $1,040.
What percentage of people in Lake City have a college degree?
In Lake City, Florida, 23.7% of adults age 25 and older hold a bachelor's degree or higher, and 89.0% have a high school diploma or higher.
Is Lake City, Florida an affordable place to live?
The home price-to-income ratio in Lake City, Florida is 3.3x (median home value $184,900 vs. median income $56,472), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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