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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.

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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?
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?
$234,100 (U.S. Census Bureau ACS 2023).
What is the average rent in Lake City city?
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?
32.0% of adults in Lake City city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
5,021
Median Income
$76,125
Median Home Value
$234,100
Poverty Rate
3.4%
Unemployment (ACS 2023)
0.4%
Median Age
48.0 yrs
Since 2019 Median Income: +$18,272 (+31.6%) Home Value: +$64,500 (+38%) Poverty Rate: -6.5 pp (-65.7%) Bachelor's+: +4.1 pp (+14.7%) Unemployment: -4.5 pp (-91.8%)

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.)
Korean
0.9%
Vietnamese
0.3%
Indian
0.2%
Chinese
0.1%
Japanese
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
1.0%
Cuban
0.2%

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
< $10k
4.4%
$10–15k
3.2%
$15–25k
9.9%
$25–35k
8.0%
$35–50k
9.2%
$50–75k
14.9%
$75–100k
12.8%
$100–150k
21.8%
$150–200k
9.4%
$200k+
6.4%

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%
Home Value Distribution
< $50k
7.1%
$100–200k
8.0%
$200–300k
31.7%
$300–500k
31.5%
$500k–$1M
0.5%
$1M+
0.3%
Gross Rent Distribution
< $500
11.0%
$500–1k
36.5%
$1–1.5k
44.1%
$1.5–2k
8.3%
Vehicle Availability
No vehicle
6.3%
1 vehicle
32.1%
2 vehicles
38.2%
3+
23.4%
Housing Type
Single-fam. det.
62.9%
Single-fam. att.
9.1%
2–4 units
2.7%
5–19 units
2.1%
20+ units
10.7%
Mobile home
8.1%
Housing Age
Pre-1940
23.0%
1940–1969
4.5%
1970–1999
17.0%
2000–2009
23.2%
2010+
2.2%

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%
Industry
Edu/Health
30.5%
Manufacturing
15.6%
Arts/Entmt.
11.1%
Retail
10.5%
Construction
7.9%
Finance
5.5%
Prof. Services
3.6%
Public Admin
3.4%
Agriculture
2.8%
Transportation
2.4%
Wholesale
2.1%
Information
1.3%
Occupation
Management
43.6%
Sales
20.9%
Production
15.2%
Food Prep
15.0%
Construction
5.4%

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 5
4.0%
5–9
4.6%
10–14
7.6%
15–19
4.5%
20–24
4.7%
25–34
8.3%
35–44
12.5%
45–54
10.7%
55–64
6.8%
65–74
7.9%
75–84
14.2%
85+
9.7%
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%
Foreign-Born Origin
Asia
57.0%
Africa
30.4%
Latin America
8.1%

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

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