Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.7 yrs |
|---|---|
| Avg HH Size | 2.25 |
| Below Poverty | 5.7% ▼ 43% below avg |
| College Grads | 46.5% ▲ 20% above avg |
| Unemployment | 0.8% ▼ 84% below avg |
| No HS Diploma | 11 (0.2%) |
| HS Graduate | 1,645 (30.7%) |
| Some College | 432 (8.1%) |
| Associates | 782 (14.6%) |
| Bachelors | 845 (15.8%) |
| Graduate Degree | 1,645 (30.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,673 ▲ 10% above avg |
|---|---|
| Median Home Value | $265,300 ≈ Avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $992/mo |
| Total Housing Units | 3,825 |
| Vacant Units | 545 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake City is a city in Minnesota, located in Wabasha County. The city spans 1 ZIP code and is home to approximately 7,532 residents. It is a mature city, with a median age of 49.7 years.
Economically, Lake City is a middle-income community. The median household income of $83,673 is near the national average. Approximately 5.7% of residents live below the poverty line. The unemployment rate is 0.8%, well below the national average.
The real estate market in Lake City is a mid-range housing market. Median home values stand at $265,300, which is near the national average. Renters typically pay around $992 per month. Homeownership is high at 82.5%, typical of suburban and family-oriented communities.
The population of Lake City is well-educated. 46.5% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (94.22%).
Lake City, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55041 | 7,532 | $83,673 | $265,300 | $992 | 0.8% | 46.5% | 82.5% |