Population 6,890 · Census ACS 2020–24
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Population and households in Lake City
Household size in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.40 | 2.52 | 2.68 |
| 2010–14 | 2.36 | 2.54 | 2.73 |
| 2015–19 | 2.24 | 2.55 | 2.71 |
| 2020–24 | 2.27 | 2.52 | 2.65 |
| Change | −0.12 | +0.00 | −0.03 |
Households in Lake City are small: just 2.27 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Since 2006–10, household size has dropped from 2.40, a much bigger shift than nationally.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 44.4 | 37.9 | 37.7 |
| 2010–14 | 46.7 | 38.9 | 38.6 |
| 2015–19 | 48.6 | 39.6 | 39.6 |
| 2020–24 | 47.6 | 40.0 | 40.1 |
| Change | +3.2 | +2.1 | +2.3 |
With a median age of 47.6, Lake City is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees. Since 2006–10, the median age has climbed from 44.4, mirroring the country. Of the 188 Minnesota cities with 5,000+ people, only 12 are older.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 7.6% | 9.9% | 12.3% |
| 2010–14 | 6.8% | 10.2% | 12.3% |
| 2015–19 | 6.7% | 9.7% | 11.6% |
| 2020–24 | 5.0% | 9.6% | 11.6% |
| Change | −2.5 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Lake City: 5.0% of households, against 11.6% nationally. Since 2006–10, the single-parent share has fallen 2.5 points, a much bigger shift than nationally. Only eight of the 188 Minnesota cities with 5,000+ people have a lower share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lake City
Renters in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 21.0% | 25.8% | 33.3% |
| 2010–14 | 18.9% | 27.9% | 35.6% |
| 2015–19 | 27.2% | 28.4% | 36.0% |
| 2020–24 | 18.1% | 27.8% | 34.8% |
| Change | −2.9 pts | +2.0 pts | +1.5 pts |
Only 18.1% of households in Lake City rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. More than four in ten owners (43.7%) have paid off their mortgages, above the national share of 39.8%. The renter share is down 2.9 points from 2006–10, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 17.9% | 9.2% | 11.4% |
| 2010–14 | 15.4% | 9.0% | 11.4% |
| 2015–19 | 11.6% | 8.7% | 11.1% |
| 2020–24 | 14.9% | 8.3% | 9.6% |
| Change | −3.0 pts | −0.9 pts | −1.8 pts |
Vacant homes make up 14.9% of the housing in Lake City, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Since 2006–10, vacancy has fallen 3.0 points, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1967 | 1973 | 1974 |
| 2010–14 | 1971 | 1974 | 1975 |
| 2015–19 | 1973 | 1975 | 1977 |
| 2020–24 | 1973 | 1978 | 1980 |
| Change | +6 | +5 | +6 |
Housing in Lake City leans older: the median home dates to 1973, against 1980 nationally. The median year built has moved up from 1967 in 2006–10, a sign of steady new building. The newest homes are mostly in the northwest, the oldest in the center.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $921 | $882 | $965 |
| 2010–14 | $974 | $953 | $1,040 |
| 2015–19 | $832 | $1,099 | $1,213 |
| 2020–24 | $951 | $1,404 | $1,571 |
| Change | +$30 | +$522 | +$606 |
The median renter in Lake City pays $951 a month for rent and utilities, well below the national median of $1,571. Rents are up $30 a month from 2006–10, a 3% rise, a slower climb than the nation's. The typical renter here spends 28.1% of household income on rent, just under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Rents run highest in the southeast and lowest in the west.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lake City
Bachelor's degrees in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 18.1% | 32.1% | 28.4% |
| 2010–14 | 22.1% | 33.7% | 29.6% |
| 2015–19 | 27.7% | 36.2% | 32.1% |
| 2020–24 | 30.2% | 39.6% | 35.6% |
| Change | +12.1 pts | +7.4 pts | +7.2 pts |
College degrees are a little less common in Lake City than nationally: 30.2% of adults 25 and older have a bachelor's or higher, against 35.6%. Since 2006–10, the share with a degree has risen 12.1 points, mirroring the country.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 91.1% | 91.4% | 84.9% |
| 2010–14 | 91.7% | 92.2% | 86.1% |
| 2015–19 | 93.2% | 93.0% | 87.7% |
| 2020–24 | 96.6% | 93.7% | 89.3% |
| Change | +5.5 pts | +2.3 pts | +4.3 pts |
High school completion is high in Lake City: 96.6% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has risen 5.5 points, in line with the national trend.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lake City
| Period | Lake City | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 5.0% | 6.5% | 8.1% |
| 2010–14 | 4.1% | 6.5% | 9.4% |
| 2015–19 | 4.1% | 3.7% | 5.6% |
| 2020–24 | 0.6% | 4.1% | 5.4% |
| Change | −4.4 pts | −2.4 pts | −2.7 pts |
The job market in Lake City has been strong: just 0.6% of the labor force was out of work and looking, well below the national rate of 5.4%. No other Minnesota city with 5,000+ people has lower unemployment. Unemployment is down 4.4 points from 2006–10, in line with the national trend.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lake City compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lake City | 2.27 | 47.6 | 5.0% | 18.1% | 14.9% | 1973 | $951 | 30.2% | 96.6% | 0.6% |
| Stockholm | 2.27 | 56.6 | 4.3% | 9.8% | 34.1% | 1973 | $894 | 36.8% | 96.1% | 4.2% |
| Frontenac | 2.43 | 53.8 | 5.8% | 11.0% | 22.8% | 1979 | $1,226 | 32.3% | 98.4% | 3.6% |
| Pepin | 2.15 | 57.2 | 6.0% | 15.3% | 24.6% | 1973 | $913 | 26.3% | 95.1% | 5.8% |
| Oak Center | 2.30 | 51.6 | 3.1% | 14.5% | 3.9% | 1981 | $918 | 23.0% | 95.4% | 2.0% |
| Reads Landing | 1.90 | 58.6 | 3.0% | 24.5% | 18.1% | 1977 | $869 | 17.6% | 94.3% | 1.1% |
| Warrentown | 2.28 | 48.6 | 7.7% | 9.1% | 16.2% | 1968 | $980 | 23.8% | 95.9% | 1.8% |
| Wacouta | 2.43 | 46.8 | 5.3% | 9.8% | 14.1% | 1966 | $1,217 | 25.0% | 97.4% | 4.8% |
| Theilman | 2.52 | 46.0 | 4.1% | 13.5% | 8.9% | 1985 | $927 | 27.2% | 94.9% | 0.5% |
| Maiden Rock | 2.38 | 43.4 | 4.1% | 9.2% | 12.7% | 1969 | $1,037 | 23.4% | 95.4% | 2.0% |
| Bellechester | 2.67 | 43.9 | 4.7% | 10.3% | 3.7% | 1974 | $1,047 | 23.8% | 92.6% | 3.8% |
All figures 2020–24.
Cities with similar populations: Mineral, VA · Pinconning, MI · Montrose, VA · Monticello, IL · Montesano, WA · Monterey, TN · Moneta, VA · Mohave Valley, AZ · Mitchell, IN · Miramar Beach, FL
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lake City. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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