Lake City city, Minnesota
City
Population: 5,021
(2023 estimate)
Located in
Minnesota , Minnesota
Census Bureau data for Lake City city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Lake City city
- What is the median household income in Lake City city?
-
The median household income in Lake City city is $76,125 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Lake City city?
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The poverty rate in Lake City city is 3.4% (U.S. Census Bureau ACS 2023).
- What is the median home value in Lake City city?
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$234,100 (U.S. Census Bureau ACS 2023).
- What is the average rent in Lake City city?
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The median gross rent in Lake City city is $1,022 per month (U.S. Census Bureau ACS 2023).
- What percentage of Lake City city residents have a college degree?
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32.0% of adults in Lake City city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Demographics
Total Population
5,021
Median Age
48.0
Female
54.5%
Race & Ethnicity
Hispanic or Latino 1.2%
White (non-Hisp.) 92.7%
Black 1.0%
Asian 1.6%
Two or More 3.6%
Other 0.3%
Asian Subgroups (% of total pop.)
Hispanic Subgroups (% of total pop.)
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$76,125
±$11,669
-$11,431 vs. state
Per Capita Income
$93,706
Median Family Income
$98,167
Poverty Rate
3.4%
-2.1 pp vs. state
Child Poverty Rate
3.4%
Working-Age Poverty Rate
—
SNAP Recipients
4.7%
Social Security Income
—
Retirement Income
32.9%
Household Income Distribution
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
2,682
Owner-Occupied
78.8%
Renter-Occupied
21.2%
Vacancy Rate
16.0%
Median Home Value
$234,100
-$71,400 vs. state
Median Gross Rent
$1,022
Owner Cost Burden (30%+)
15.1%
Renter Cost Burden (30%+)
45.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.8%
Bachelor's or Higher
32.0%
-6.8 pp vs. state
Graduate Degree
13.9%
Some College / Associate
17.5%
Less Than High School
1.3%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
63.2%
Unemployment Rate
0.4%
-3.5 pp vs. state
Work from Home
10.8%
Self-Employed
6.1%
Government Workers
11.6%
Private For-Profit
82.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
21.7 min
Drove Alone
72.2%
Carpool
11.5%
Public Transit
0.0%
Work from Home
10.8%
Walked
3.0%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
2,252
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
49.1%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
16.2%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 18: 19.5%
Working age (18–64): 80.5%
65 and over: 28.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
2.7%
Naturalized Citizen
97.8%
Speaks English Less Than Very Well
0.9%
Veterans & Disability
Veteran
7.3%
With a Disability
12.5%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
97.4%
Uninsured
2.6%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
88.1%
Has a Computer
89.6%
Same House 1 Year Ago
88.9%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023