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CITY

Lake City

Minnesota · 5,306 residents (2025 est.) · 4.488 sq mi
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Part of the Red Wing micropolitan area
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Notable rankings
#59Lowest unemploymentof 6,8260.6%
The short version

Lake City has lower-than-average household income, with a median household income of $72,244. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $238,700. With a median age of 49.1, the population is older than the US median of 38.9. Poverty is rare here, at 5.9% of residents.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 49.1
US median: 38.9
Less educated
28% hold a bachelor's degree
US average: 36%
Less affordable
home values up 36%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,034
+2%since 2000
from 4,950 in 2000
1990 – 2025
Population density
1,122 / sq mi
+2%since 2000
from 1,103 / sq mi in 2000
US average: 281
Median age
49.1
+20%since 2000
from 41.0 in 2000
US average: 38.9

PEP 2025 EST:5,306 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
4K5K5K5K6K1990201020202024Lake City
20245K
1990201020202024
Section 02

Income & economy

Median household income
$72,244
−2%inflation adjusted, since 2000
from $40,637 in 2000
US average: $82,259
1990 – 2024
Per capita income
$41,087
+96%since 2000
from $20,944 in 2000
US average: $44,673
Households earning $100K+
46.4%
+17.9 ptssince 2009
from 28.4% in 2009
US average: 53.3%
Poverty rate
5.9%
−0.1 ptssince 2000
from 6.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.422
−1%since 2010
from 0.427 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade15.1%
US avg: 9.9%
Information10.6%
US avg: 10.8%
Wholesale trade6.1%
US avg: 6.9%
Other services4.3%
US avg: 6.7%
Public administration3.1%
US avg: 4.8%
Agriculture, forestry, fishing3%
US avg: 1.6%
Construction3%
US avg: 1.2%
Transportation & warehousing2.9%
US avg: 2.2%
Finance & insurance2.7%
US avg: 5.9%
Professional, scientific, technical2.1%
US avg: 5.1%
Arts, entertainment, food1%
US avg: 1.9%
Education & health services0.7%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$238,700
+36%inflation adjusted, since 2000
from $96,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$871
−4%inflation adjusted, since 2000
from $499 in 2000
US average: $1,442
Owner-occupied
79.2%
+1.2 ptssince 2000
from 78.0% in 2000
20.8% rent
Vacancy rate
14.3%
+2.8 ptssince 2009
from 11.5% in 2009
US average: 10.0%
Owner cost-burdened
19.6%
−3.2 ptssince 2009
from 22.8% in 2009
US average: 22.9%
Renter cost-burdened
41.9%
−18.7 ptssince 2009
from 60.6% in 2009
US average: 47.4%
Afford Score
3.3
+40%since 2000
from 2.4 in 2000
1990 – 2024
Gentrification Score
56
RELATED:See current rent listings in Lake City on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic95.3%(4,719)
Black0.6%(30)
Hispanic / Latino2.2%(110)
Asian1.1%(55)
Other0%
Diversity Score9.6%(477)
2024
White, non-Hispanic92.6%(4,659)
Black0.7%(33)
Hispanic / Latino3%(153)
Asian1.3%(64)
Other2.5%(125)
Diversity Score17.7%(892)
Diversity Score
18
+84%since 2000
from 10 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
28.4%
+7.8 ptssince 2000
from 20.6% in 2000
US average: 35.6%
High school or higher
95.9%
+11.2 ptssince 2000
from 84.6% in 2000
US average: 89.6%
Graduate degree
13.6%
+8.4 ptssince 2000
from 5.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
20.3 min
+36%since 2000
from 15.0 min in 2000
US average: 26.5
Drive alone to work
74.0%
+3.1 ptssince 2009
from 70.9% in 2009
US average: 68.9%
Carpooled to work
11.0%
+0.6 ptssince 2009
from 10.4% in 2009
US average: 8.5%
Public transit
0.0%
−4.3 ptssince 2009
from 4.3% in 2009
US average: 3.2%
Worked from home
10.5%
+9.5 ptssince 2009
from 1.1% in 2009
US average: 15.0%
Walked to work
3.0%
−5.5 ptssince 2009
from 8.5% in 2009
US average: 2.4%
Biked to work
1.2%
−3.6 ptssince 2009
from 4.7% in 2009
US average: 0.4%
No vehicle available
6.5%
−6.1 ptssince 2009
from 12.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.6%
−4.4 ptssince 2011
from 5.0% in 2011
US average: 5.2%
Labor force participation
61.5%
−3.9 ptssince 2011
from 65.4% in 2011
US average: 63.5%
Self-employed
15.5%
+2.7 ptssince 2009
from 12.8% in 2009
US average: 13.1%
Management & professional
41.0%
−20.2 ptssince 2009
from 61.2% in 2009
US average: 42.5%
Section 08

People & community

Male
46.4%
−0.8 ptssince 2009
from 47.2% in 2009
Female
53.6%
+0.8 ptssince 2009
from 52.8% in 2009
Foreign born
3.0%
+0.2 ptssince 2009
from 2.9% in 2009
US average: 14.1%
Veterans
7.8%
−38.3 ptssince 2009
from 46.1% in 2009
US average: 6.2%
With a disability
11.3%
+0.7 ptssince 2012
from 10.6% in 2012
US average: 13.3%
Uninsured
3.4%
−89.0 ptssince 2013
from 92.4% in 2013
US average: 8.4%
Broadband at home
87.4%
+11.3 ptssince 2017
from 76.1% in 2017
US average: 91.0%
English only at home
96.6%
−2.4 ptssince 2016
from 99.0% in 2016
US average: 77.7%
Spanish at home
0.9%
+0.4 ptssince 2016
from 0.5% in 2016
US average: 13.6%
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Compare Lake City to nearby cities

LAKE CITY VS
Red Wing
Income$67,192−7%
Home value$237,300−1%
Population16,805+217%
SEE FULL COMPARISON →
LAKE CITY VS
Rochester
Income$89,389+24%
Home value$310,500+30%
Population124,292+2242%
SEE FULL COMPARISON →
LAKE CITY VS
River Falls
Income$83,627+16%
Home value$327,600+37%
Population17,916+238%
SEE FULL COMPARISON →
LAKE CITY VS
Hastings
Income$93,998+30%
Home value$322,400+35%
Population22,563+325%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake City, Minnesota?

Lake City, Minnesota has about 5,034 residents according to the 2024 American Community Survey.

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

The typical household in Lake City, Minnesota earns about $72,244 a year. Half of households make more than that, and half make less.

Is Lake City, Minnesota expensive?

In Lake City, Minnesota, the median home is worth about $238,700, and the typical rent is about $871 a month.

How educated are people in Lake City, Minnesota?

About 28.4% of adults age 25 and over in Lake City, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Lake City, Minnesota?

About 5.9% of people in Lake City, Minnesota live below the federal poverty line.

Has Lake City, Minnesota grown since 1990?

Yes, Lake City, Minnesota has grown since 1990. The population has added about 612 residents, a change of about 14 percent over that period.

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

How we source and harmonize this data →