Lake City, IA
Population 1,652 · Iowa
About Lake City, IA
Lake City is a small community in Iowa with a population of 1,652 residents. The median household income is $64,375 per year, which is near the national average. The median age in Lake City is 46.9 years.
Housing in Lake City has a median home value of $103,300 and median monthly rent of $761. Of the 739 total housing units, the majority are owner-occupied, with 490 owner-occupied and 162 renter-occupied units.
The unemployment rate in Lake City is 1.8% and the poverty rate is 13.2%. 21.1% of residents hold a bachelor's degree or higher. The average commute time is 15.7 minutes.
Cost of Living in Lake City, IA
Compared to national averages, Lake City has a median household income of $64,375 (14% below the national median of $75,149). Home values average $103,300, which is 58% below the national median. Monthly rent at $761 is 35% below the US average of $1,163. Within Iowa, Lake City's income is 5% below the state average of $67,947, and home values are 22% below the state median of $132,237.
Why Live in Lake City, IA?
Lake City offers affordable housing with a median home value of $103,300, below the US average of $244,900, and rent that’s lower than the national average at $761/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features short commute times averaging just 15.7 minutes.
Potential considerations include median household income ($64,375) 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 1,652 with a median age of 46.9 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Lake City
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Manson | 1,653 | $70,893 | $118,800 | Compare |
| Prairie City | 1,649 | $78,269 | $177,400 | Compare |
| Akron | 1,660 | $59,706 | $145,300 | Compare |
| Stuart | 1,642 | $62,500 | $152,300 | Compare |
| Nashua | 1,634 | $63,750 | $117,300 | Compare |
| Shell Rock | 1,634 | $70,556 | $159,100 | Compare |
| Guttenberg | 1,675 | $49,613 | $183,800 | Compare |
| Urbana | 1,628 | $112,672 | $224,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
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, IA?
The population of Lake City, IA is 1,652 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, IA is $64,375 per year.
What is the median home value in Lake City?
The median home value in Lake City, IA is $103,300.
What is the average rent in Lake City?
The median monthly rent in Lake City, IA is $761.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, IA is 1.8%.