Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.7 yrs |
|---|---|
| Avg HH Size | 2.48 |
| Below Poverty | 11.6% ▲ 16% above avg |
| College Grads | 32.0% ▼ 18% below avg |
| Unemployment | 6.9% ▲ 40% above avg |
| No HS Diploma | 34 (0.6%) |
| HS Graduate | 2,089 (39.4%) |
| Some College | 770 (14.5%) |
| Associates | 715 (13.5%) |
| Bachelors | 651 (12.3%) |
| Graduate Degree | 1,043 (19.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,524 ▼ 19% below avg |
|---|---|
| Median Home Value | $165,100 ▼ 41% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $879/mo |
| Total Housing Units | 4,968 |
| Vacant Units | 1,962 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake City is a city in Michigan, located in Missaukee County. The city spans 1 ZIP code and is home to approximately 7,540 residents. It is a mature city, with a median age of 47.7 years.
Economically, Lake City is a solidly middle-class community. The median household income of $61,524 is below the national average. Approximately 11.6% of residents live below the poverty line. The unemployment rate is 6.9%, above the national average.
The real estate market in Lake City is an affordable housing market. Median home values stand at $165,100, which is below the national average. Renters typically pay around $879 per month. Homeownership is high at 84.9%, typical of suburban and family-oriented communities.
The population of Lake City is moderately educated. 32.0% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.67%).
Lake City, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49651 | 7,540 | $61,524 | $165,100 | $879 | 6.9% | 32.0% | 84.9% |