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CITY · 2020 ACS

Lake City

Minnesota · 5,252 residents · 4.488 sq mi
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The short version

Lake City has roughly average household income, with a median household income of $60,481. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $178,900. With a median age of 49.8, the population is older than the US median of 38.8.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 49.8
US median: 38.8
Average education
29% 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
5,252
+6%since 2000
from 4,950 in 2000
1990 – 2025
Population density
1,170 / sq mi
+6%since 2000
from 1,103 / sq mi in 2000
US average: 280
Median age
49.8
+21%since 2000
from 41.0 in 2000
US average: 38.8
Population, 1990 – 2024
4K5K5K5K6K1990201020202024Lake City
20245K
1990201020202024
Section 02

Income & economy

Median household income
$60,481
−1%inflation adjusted, since 2000
from $40,637 in 2000
US average: $66,278
1990 – 2024
Per capita income
$34,479
+65%since 2000
from $20,944 in 2000
US average: $35,364
Households earning $100K+
35.7%
+7.2 ptssince 2009
from 28.4% in 2009
US average: 43.9%
Poverty rate
9.3%
+3.3 ptssince 2000
from 6.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade21.3%
US avg: 10%
Wholesale trade9.3%
US avg: 6.7%
Information8.5%
US avg: 11.1%
Agriculture, forestry, fishing3%
US avg: 1.7%
Construction2.6%
US avg: 1.2%
Finance & insurance2.5%
US avg: 5.5%
Other services2.4%
US avg: 6.6%
Professional, scientific, technical1.6%
US avg: 4.7%
Arts, entertainment, food1.5%
US avg: 2%
Public administration1.4%
US avg: 4.7%
Transportation & warehousing0.9%
US avg: 2.5%
Education & health services0.8%
US avg: 0.8%
Manufacturing0.5%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$178,900
+24%inflation adjusted, since 2000
from $96,100 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$886
+18%inflation adjusted, since 2000
from $499 in 2000
US average: $1,124
Owner-occupied
75.9%
−2.2 ptssince 2000
from 78.0% in 2000
24.1% rent
Afford Score
3.0
+25%since 2000
from 2.4 in 2000
1990 – 2024
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)
2020
White, non-Hispanic91.2%(4,789)
Black0.7%(35)
Hispanic / Latino4.3%(228)
Asian0.6%(30)
Other0.7%(35)
Diversity Score15.3%(802)
Diversity Score
15
+58%since 2000
from 10 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
29.1%
+8.5 ptssince 2000
from 20.6% in 2000
US average: 32.9%
High school or higher
93.9%
+9.2 ptssince 2000
from 84.6% in 2000
US average: 88.5%
Graduate degree
12.1%
+6.9 ptssince 2000
from 5.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
18.6 min
+24%since 2000
from 15.0 min in 2000
US average: 26.9
Drive alone to work
74.5%
+3.5 ptssince 2009
from 70.9% in 2009
US average: 75.1%
No vehicle available
4.9%
−7.7 ptssince 2009
from 12.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.9%
−1.1 ptssince 2011
from 5.0% in 2011
US average: 5.4%
Labor force participation
60.0%
−5.4 ptssince 2011
from 65.4% in 2011
US average: 63.4%
Management & professional
37.9%
−23.3 ptssince 2009
from 61.2% in 2009
US average: 39.3%
Section 08

People & community

Male
50.7%
+3.4 ptssince 2009
from 47.2% in 2009
Female
49.3%
−3.4 ptssince 2009
from 52.8% in 2009
Foreign born
4.7%
+1.8 ptssince 2009
from 2.9% in 2009
US average: 13.5%
Uninsured
6.3%
−86.1 ptssince 2013
from 92.4% in 2013
US average: 8.8%
Drill deeper

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Compare Lake City to nearby cities

LAKE CITY VS
Red Wing
Income$67,192+11%
Home value$237,300+33%
Population16,805+217%
SEE FULL COMPARISON →
LAKE CITY VS
Rochester
Income$89,389+48%
Home value$310,500+74%
Population124,292+2242%
SEE FULL COMPARISON →
LAKE CITY VS
River Falls
Income$83,627+38%
Home value$327,600+83%
Population17,916+238%
SEE FULL COMPARISON →
LAKE CITY VS
Hastings
Income$93,998+55%
Home value$322,400+80%
Population22,563+325%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake City, Minnesota?

Lake City, Minnesota has about 5,252 residents according to the 2020 American Community Survey.

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

The typical household in Lake City, Minnesota earns about $60,481 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 $178,900, and the typical rent is about $886 a month.

How educated are people in Lake City, Minnesota?

About 29.1% 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 9.3% 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 830 residents, a change of about 19 percent over that period.

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

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