Lake City

Population: 5,021
Median household income: $76,125
Median home value: $234,100

Located in Wabasha County, Minnesota, Lake City is a community with a population of 5,021. Its median household income of $76,125 runs below the Wabasha County figure of $80,133.

Between 2019 and 2023, Lake City's population declined 4.6% from 5,261 to 5,021, while its median home value rose 38.0% from $169,600 to $234,100.

White (non-Hispanic) residents are the largest group, 92.7% of the population. 72.2% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 5,021
Median age: 48.4 yrs
Median household income: $76,125
Median home value: $234,100
Median gross rent: $1,022
Housing units: 2,682
Homeownership rate: 78.8%
Bachelor's degree or higher: 32.0%
Unemployment rate: 0.4%

Trends

ACS 5-year · 2019–2023

Population

5,2615,021

Median household income

$57,853$76,125

Median home value

$169,600$234,100

Median gross rent

$845$1,022

Year	Population	Median household income	Median home value	Median gross rent
2019	5,261	$57,853	$169,600	$845
2020	5,050	$60,481	$178,900	$886
2021	5,120	$65,652	$199,000	$963
2022	5,108	$71,324	$225,800	$971
2023	5,021	$76,125	$234,100	$1,022

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.0%

5 to 1715.5%

18 to 246.0%

25 to 348.3%

35 to 4412.5%

45 to 5410.7%

55 to 6414.7%

65 to 7414.2%

75 and over14.1%

	Count	Share
Under 5	201	4.0%
5 to 17	777	15.5%
18 to 24	302	6.0%
25 to 34	418	8.3%
35 to 44	630	12.5%
45 to 54	535	10.7%
55 to 64	740	14.7%
65 to 74	712	14.2%
75 and over	706	14.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,653	92.7%
Black or African American	49	1.0%
American Indian & Alaska Native	4	0.1%
Asian	81	1.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	14	0.3%
Two or more races	160	3.2%
Hispanic or Latino (any race)	60	1.2%

Educational attainment (age 25+)

No high school diploma4.2%

High school graduate30.7%

Some college or associate's33.1%

Bachelor's degree18.0%

Graduate or professional degree13.9%

	Count	Share
No high school diploma	156	4.2%
High school graduate	1,149	30.7%
Some college or associate's	1,240	33.1%
Bachelor's degree	675	18.0%
Graduate or professional degree	521	13.9%

Commute to work

Mean travel time to work: 22 min

Drove alone72.2%

Carpooled11.5%

Public transit0.0%

Walked3.0%

Bicycle1.9%

Worked from home10.8%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	1,851	72.2%
Carpooled	294	11.5%
Public transit	0	0.0%
Walked	76	3.0%
Bicycle	48	1.9%
Worked from home	278	10.8%
Other means	17	0.7%

Travel time

	Count	Share
Under 15 min	1,100	48.1%
15 to 29 min	291	12.7%
30 to 44 min	505	22.1%
45 to 59 min	291	12.7%
60+ min	99	4.3%

Households

Average household size: 2.16
Poverty rate: 6.5% (317 of 4,895)

	Count	Share
Family households	1,416	62.9%
Nonfamily households	836	37.1%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	2,252	84.0%
Vacant	430	16.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,774	78.8%
Renter-occupied	478	21.2%

1-unit, detached62.9%

1-unit, attached9.1%

2 to 4 units4.7%

5 to 19 units4.4%

20 or more units10.7%

Mobile home & other8.1%

Units in structure

	Count	Share
1-unit, detached	1,687	62.9%
1-unit, attached	245	9.1%
2 to 4 units	126	4.7%
5 to 19 units	119	4.4%
20 or more units	288	10.7%
Mobile home & other	217	8.1%

Geography

Place GEOID: 2734172
Type (LSAD): 25
Land area: 4.49 sq mi
Water area: 0.02 sq mi
Center point: 44.4457, -92.2809