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CITY · 2020 ACS

Lake City

Michigan · 829 residents · 1.047 sq mi
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The short version

Lake City has notably lower household income than the US average, with a median household income of $49,609. Population has declined 10% since 2000. Median home value is $109,100.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 42.2
US median: 38.8
Less educated
27% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
829
−10%since 2000
from 923 in 2000
1990 – 2025
Population density
792 / sq mi
−10%since 2000
from 882 / sq mi in 2000
US average: 280
Median age
42.2
+4%since 2000
from 40.6 in 2000
US average: 38.8
Population, 1990 – 2024
6297498709911K1990201020202024Lake City
2024705
1990201020202024
Section 02

Income & economy

Median household income
$49,609
+14%inflation adjusted, since 2000
from $28,864 in 2000
US average: $66,278
1990 – 2024
Per capita income
$24,798
+45%since 2000
from $17,067 in 2000
US average: $35,364
Households earning $100K+
37.8%
+26.6 ptssince 2009
from 11.2% in 2009
US average: 43.9%
Poverty rate
16.4%
+3.2 ptssince 2000
from 13.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade15.2%
US avg: 10%
Information9.9%
US avg: 11.1%
Finance & insurance6%
US avg: 5.5%
Professional, scientific, technical5%
US avg: 4.7%
Other services4%
US avg: 6.6%
Transportation & warehousing3.3%
US avg: 2.5%
Public administration3%
US avg: 4.7%
Wholesale trade2.6%
US avg: 6.7%
Education & health services1%
US avg: 0.8%
Arts, entertainment, food1%
US avg: 2%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$109,100
−4%inflation adjusted, since 2000
from $75,300 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$550
−7%inflation adjusted, since 2000
from $395 in 2000
US average: $1,124
Owner-occupied
73.6%
+2.2 ptssince 2000
from 71.4% in 2000
26.4% rent
Afford Score
2.2
−16%since 2000
from 2.6 in 2000
1990 – 2024
RELATED:See current rent listings in Lake City on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.7%(893)
Black0.1%(1)
Hispanic / Latino1.6%(15)
Asian0.8%(7)
Other0%
Diversity Score6.2%(57)
2020
White, non-Hispanic88.9%(737)
Black0.7%(6)
Hispanic / Latino3%(25)
Asian0.4%(3)
Other8.6%(72)
Diversity Score28.4%(235)
Diversity Score
28
+361%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
27.0%
+9.0 ptssince 2000
from 18.0% in 2000
US average: 32.9%
High school or higher
90.7%
+6.8 ptssince 2000
from 83.9% in 2000
US average: 88.5%
Graduate degree
8.9%
+2.6 ptssince 2000
from 6.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
22.8 min
+63%since 2000
from 13.9 min in 2000
US average: 26.9
Drive alone to work
73.1%
−11.6 ptssince 2009
from 84.6% in 2009
US average: 75.1%
No vehicle available
7.8%
−2.5 ptssince 2009
from 10.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.3%
−14.8 ptssince 2011
from 24.1% in 2011
US average: 5.4%
Labor force participation
54.4%
+0.5 ptssince 2011
from 53.9% in 2011
US average: 63.4%
Management & professional
28.5%
−39.4 ptssince 2009
from 67.8% in 2009
US average: 39.3%
Section 08

People & community

Male
50.3%
+5.2 ptssince 2009
from 45.1% in 2009
Female
49.7%
−5.2 ptssince 2009
from 54.9% in 2009
Foreign born
5.8%
+4.4 ptssince 2009
from 1.4% in 2009
US average: 13.5%
Uninsured
8.0%
−81.3 ptssince 2013
from 89.3% in 2013
US average: 8.8%
Drill deeper

Places similar to Lake City

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Pop 873
Bradenton Beach
Pop 921
Matlacha
Pop 770
Marco Shores-Hammock Bay
Pop 794
Places similar to Lake City
Head to head

Compare Lake City to nearby cities

LAKE CITY VS
Cadillac
Income$51,773+4%
Home value$134,300+23%
Population10,438+1150%
SEE FULL COMPARISON →
LAKE CITY VS
Traverse City
Income$74,087+49%
Home value$415,400+281%
Population15,832+1796%
SEE FULL COMPARISON →
LAKE CITY VS
Big Rapids
Income$43,858−12%
Home value$156,400+43%
Population8,623+933%
SEE FULL COMPARISON →
LAKE CITY VS
Mount Pleasant
Income$44,706−10%
Home value$173,100+59%
Population20,925+2406%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake City, Michigan?

Lake City, Michigan has about 829 residents according to the 2020 American Community Survey.

What is the median household income in Lake City, Michigan?

The typical household in Lake City, Michigan earns about $49,609 a year. Half of households make more than that, and half make less.

Is Lake City, Michigan expensive?

In Lake City, Michigan, the median home is worth about $109,100, and the typical rent is about $550 a month.

How educated are people in Lake City, Michigan?

About 27.0% of adults age 25 and over in Lake City, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Lake City, Michigan?

About 16.4% of people in Lake City, Michigan live below the federal poverty line.

Has Lake City, Michigan grown since 1990?

Yes, Lake City, Michigan has grown since 1990. The population has added about 17 residents, a change of about 2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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