Lake City, CO
Population 474 · Colorado
About Lake City, CO
Lake City is a small community in Colorado with a population of 474 residents. The median household income is $62,422 per year, which is near the national average. The median age in Lake City is 54.4 years.
Housing in Lake City has a median home value of $409,300 and median monthly rent of $965. Of the 493 total housing units, the majority are owner-occupied, with 196 owner-occupied and 53 renter-occupied units.
The unemployment rate in Lake City is 0.0% and the poverty rate is 3.8%. 43.1% of residents hold a bachelor's degree or higher. The average commute time is 7.1 minutes.
Cost of Living in Lake City, CO
Compared to national averages, Lake City has a median household income of $62,422 (17% below the national median of $75,149). Home values average $409,300, which is 67% above the national median. Monthly rent at $965 is 17% below the US average of $1,163. Within Colorado, Lake City's income is 29% below the state average of $88,514, and home values are 10% below the state median of $457,127.
Why Live in Lake City, CO?
Lake City offers rent that’s lower than the national average at $965/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 43.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.8%, better than the national average, and short commute times averaging just 7.1 minutes.
Potential considerations include median household income ($62,422) that falls below the national average, and a competitive housing market where the typical home costs $409,300. However, Lake City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake City has a population of 474 with a median age of 54.4 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Lake City
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Downieville-Lawson-Dumont | 478 | $68,214 | $366,000 | Compare |
| De Beque | 466 | $63,646 | $215,000 | Compare |
| St. Ann Highlands | 483 | $182,568 | $880,700 | Compare |
| Westcliffe | 459 | $65,074 | $326,000 | Compare |
| Granada | 492 | $46,685 | $100,000 | Compare |
| Pine Brook Hill | 497 | $0 | $1,294,300 | Compare |
| Chacra | 449 | $0 | $1,019,000 | Compare |
| Mountain View | 500 | $108,269 | $554,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake City
What is the population of Lake City, CO?
The population of Lake City, CO is 474 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, CO is $62,422 per year.
What is the median home value in Lake City?
The median home value in Lake City, CO is $409,300.
What is the average rent in Lake City?
The median monthly rent in Lake City, CO is $965.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, CO is 0.0%.