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The total population of Lake City is estimated to be 1,745 with 836 males (47.91%) and 909 females (52.09%). There are 73 more females than males in Lake City.
The median household income in Lake City was $59,901 in 2021, which marked an a decrease of 679(1.12%) from $60,580 in 2020. This income is 80.29% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake City sees its highest median household income among householders in the age group of 45 to 64 years old, at $83,771. Overall, the median household income for the city of Lake City stands at $59,901.
In Lake City, the median income for all workers aged 15 years and older, regardless of work hours, was $39,774 for males and $27,882 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,815 for males and $38,643 for females.
In Lake City, population is primarily represented by White households, reporting a median income of $59,901.
In 2022, the population of Lake City was 1,681, a 2.10% decrease year-by-year from 2021. Previously, in 2021, Lake City's population was 1,717, a decline of 0.17% compared to a population of 1,720 in 2020.
The median age in Lake City, IA is 50.9, as per 2021 ACS 5-Year Estimates. Of the total population, 15.25% were under the age of 15, 15.30% aged 15 to 29, 41.20% aged 30 to 64, 22.55% aged 65 to 84, and 5.70% were 85 years of age and older.
Racial distribution of Lake City population: 95.91% are White, 0.12% are Black or African American, 0.46% are Asian, 1.55% are some other race and 1.96% are multiracial.