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The total population of Lake City is estimated to be 702 with 402 males (57.26%) and 300 females (42.74%). There are 102 less females than males in Lake City.
The median household income in Lake City was $55,904 in 2021, which marked an a decrease of 310(0.55%) from $56,214 in 2020. This income is 74.93% 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 25 to 44 years old, at $99,309. Overall, the median household income for the city of Lake City stands at $55,904.
In Lake City, the median income for all workers aged 15 years and older, regardless of work hours, was $38,899 for males and $25,190 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $49,220 for males and $40,873 for females.
In Lake City, population is primarily represented by White households, reporting a median income of $54,384.
In 2022, the population of Lake City was 839, a 0.24% increase year-by-year from 2021. Previously, in 2021, Lake City's population was 837, an increase of 0.48% compared to a population of 833 in 2020.
The median age in Lake City, MI is 39.3, as per 2021 ACS 5-Year Estimates. Of the total population, 13.82% were under the age of 15, 25.68% aged 15 to 29, 40.68% aged 30 to 64, 18.90% aged 65 to 84, and 0.91% were 85 years of age and older.
Racial distribution of Lake City population: 85.14% are White, 1.83% are Black or African American, 0.13% are American Indian and Alaska Native, 0.39% are Asian, 3.13% are some other race and 9.39% are multiracial.