Median Household Income
$72,244 ± $10,106
Median Home Value
$238,700 ± $17,259
Median Gross Rent
$871 ± $110/mo
Per Capita Income
$41,087
Poverty Rate
5.9%
Unemployment Rate
0.6%
Homeownership Rate
79.2%
Bachelor's Degree or Higher
28.4%
Median Age
49.1
Average Commute
18 min
Households
2,284
Veterans
315
Population Over Time
Lake City shrank 1.2% from 2014 to 2024.
2014
5,093
2016
5,111
2018
5,165
2020
5,050
2022
5,108
2024
5,034
Population by Race & Ethnicity
White
93.2%
Hispanic or Latino
3.0%
Black or African American
0.7%
Asian
1.3%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.