Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.4 yrs |
|---|---|
| Avg HH Size | 2.49 |
| Below Poverty | 18.1% ▲ 81% above avg |
| College Grads | 25.9% ▼ 33% below avg |
| Unemployment | 7.3% ▲ 49% above avg |
| No HS Diploma | 63 (1.8%) |
| HS Graduate | 1,380 (39.6%) |
| Some College | 628 (18%) |
| Associates | 511 (14.7%) |
| Bachelors | 384 (11%) |
| Graduate Degree | 517 (14.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,740 ▼ 32% below avg |
|---|---|
| Median Home Value | $130,300 ▼ 53% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $846/mo |
| Total Housing Units | 4,389 |
| Vacant Units | 2,380 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake is a city in Michigan, located in Clare County. The city spans 1 ZIP code and is home to approximately 4,995 residents. It is a mature city, with a median age of 49.4 years.
Economically, Lake is a working-class community. The median household income of $51,740 is below the national average. Approximately 18.1% of residents live below the poverty line. The unemployment rate is 7.3%, above the national average.
The real estate market in Lake is one of the more affordable housing markets in the country. Median home values stand at $130,300, which is well below the national average. Renters typically pay around $846 per month. Homeownership is high at 92.9%, typical of suburban and family-oriented communities.
The population of Lake is moderately educated. 25.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (91.07%).
Lake, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48632 | 4,995 | $51,740 | $130,300 | $846 | 7.3% | 25.9% | 92.9% |