Lake City, IL
Population 103 · Illinois
About Lake City, IL
Lake City is a small community located in Illinois with a population of 103 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 35.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake City features a median home value of $0, which is 100% below the national median of $244,900. This makes Lake City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 53 total housing units, 100% are owner-occupied (53 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake City shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake City have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
9.7% of Lake City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake City, IL
Compared to national averages, Lake City has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lake City's income is 100% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Lake City, IL?
Lake City offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) 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 103 with a median age of 35.9 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Illinois.
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Cities in Illinois with a similar population size.
Demographics
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Economy & Education
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Other Cities in Illinois
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, IL?
The population of Lake City, IL is 103 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Lake City?
The median household income in Lake City, IL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Lake City?
The median home value in Lake City, IL is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake City?
The median monthly rent in Lake City, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake City, IL a good place to live?
Lake City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 103 and a median age of 35.9, the city appeals to a broad range of residents.
How educated is Lake City, IL?
9.7% of residents in Lake City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake City?
Key cost-of-living indicators for Lake City, IL: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Lake City?
The poverty rate in Lake City, IL is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake City, IL?
Lake City's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 16.5% two or more races. 0.0% of residents are foreign-born.