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Lake City, Texas

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
508
Population
$51,000
Median Income
$101,800
Home Value
40.6
Median Age

Demographics

Lake City has a population of 508 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:

White
56.5%
Hispanic
47.6%
Black
1.6%
Asian
0.8%
Demographic Value
Total Population508
Median Age40.6
White56.5%
Black or African American1.6%
Asian0.8%
Hispanic or Latino47.6%
Lake City, Texas — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 106.White: 53.1%Hispanic/Latino: 44.7%Other: 2.3%508PopulationWhiteWhite53.1%Hispanic/LatinoHispanic/Latino44.7%OtherOther2.3%

Income & Economy

The median household income in Lake City is $51,000, which is 36.7% below the national median of $80,610. The per capita income is $28,242. The poverty rate is 19.9%.

$51,000
Median Household Income
$28,242
Per Capita Income
19.9%
Poverty Rate

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Education

In Lake City, 83.6% of residents age 25+ have a high school diploma or higher, and 10.2% hold a bachelor's degree or higher (4.4% with a graduate or professional degree).

HS Diploma+
83.6%
Bachelor's+
10.2%
Graduate+
4.4%
Education Level % of Adults (25+)
High School Diploma or Higher83.6%
Bachelor's Degree or Higher10.2%
Graduate or Professional Degree4.4%

Housing

The median home value in Lake City is $101,800, below the national median of $303,400. The median monthly rent is $981. The homeownership rate is 81.8%.

$101,800
Median Home Value
$981/mo
Median Rent
81.8%
Homeownership Rate
Housing Metric Value
Median Home Value$101,800
Median Monthly Rent$981
Homeownership Rate81.8%
Vacancy Rate37.5%

Salaries in Texas

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Frequently Asked Questions

What is the population of Lake City, Texas?
The population of Lake City, Texas is 508 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake City, Texas?
The median household income in Lake City, Texas is $51,000. This is 36.7% below the national median of $80,610.
What is the median home value in Lake City, Texas?
The median home value in Lake City, Texas is $101,800. The median monthly rent is $981.
What percentage of people in Lake City have a college degree?
In Lake City, Texas, 10.2% of adults age 25 and older hold a bachelor's degree or higher, and 83.6% have a high school diploma or higher.
Is Lake City, Texas an affordable place to live?
The home price-to-income ratio in Lake City, Texas is 2.0x (median home value $101,800 vs. median income $51,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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