Lake City, FL
Population 12,404 · Florida
About Lake City, FL
Lake City is a mid-sized city in Florida with a population of 12,404 residents. The median household income is $51,175 per year, which is near the national average. The median age in Lake City is 38.2 years.
Housing in Lake City has a median home value of $178,600 and median monthly rent of $940. Of the 5,487 total housing units, renting is more common than owning, with 1,943 owner-occupied and 2,936 renter-occupied units.
The unemployment rate in Lake City is 5.3% and the poverty rate is 22.6%. 25.4% of residents hold a bachelor's degree or higher. The average commute time is 22.1 minutes.
Cost of Living in Lake City, FL
Compared to national averages, Lake City has a median household income of $51,175 (32% below the national median of $75,149). Home values average $178,600, which is 27% below the national median. Monthly rent at $940 is 19% below the US average of $1,163. Within Florida, Lake City's income is 33% below the state average of $75,893, and home values are 50% below the state median of $353,675.
Why Live in Lake City, FL?
Lake City offers affordable housing with a median home value of $178,600, below the US average of $244,900, and rent that’s lower than the national average at $940/month, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($51,175) that falls below the national average. However, Lake City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake City has a population of 12,404 with a median age of 38.2 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake City
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jensen Beach | 12,456 | $63,397 | $363,100 | Compare |
| Doctor Phillips | 12,458 | $101,540 | $484,000 | Compare |
| Goldenrod | 12,603 | $62,410 | $332,700 | Compare |
| Sarasota Springs | 12,669 | $89,646 | $310,400 | Compare |
| Highland City | 12,732 | $88,628 | $301,600 | Compare |
| Key Largo | 12,069 | $78,906 | $626,300 | Compare |
| Goulds | 12,019 | $58,291 | $415,100 | Compare |
| Florida City | 12,791 | $47,754 | $353,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
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, FL?
The population of Lake City, FL is 12,404 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, FL is $51,175 per year.
What is the median home value in Lake City?
The median home value in Lake City, FL is $178,600.
What is the average rent in Lake City?
The median monthly rent in Lake City, FL is $940.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, FL is 5.3%.