Last updated: 2024 BLS data · Page refreshed:
Lake City has a population of 705 with a median age of 47.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 705 |
| Median Age | 47.5 |
| White | 92.8% |
| Black or African American | 0.6% |
| Asian | 0.6% |
| Hispanic or Latino | 0.7% |
| Other / Two or More Races | 5.3% |
The median household income in Lake City is $74,583, which is 7.5% below the national median of $80,610. The per capita income is $37,515. The poverty rate is 14.2%.
Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.
In Lake City, 94.5% of residents age 25+ have a high school diploma or higher, and 24.7% hold a bachelor's degree or higher (7.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.5% |
| Bachelor's Degree or Higher | 24.7% |
| Graduate or Professional Degree | 7.1% |
The median home value in Lake City is $170,300, below the national median of $303,400. The median monthly rent is $710. The homeownership rate is 84.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $170,300 |
| Median Monthly Rent | $710 |
| Homeownership Rate | 84.6% |
| Vacancy Rate | 37.2% |
Explore salary data for popular occupations in Michigan:
Find resources to help plan your move, explore homes, and compare insurance rates in Michigan.
Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.
Join Americans who use data to make smarter decisions. Privacy Policy