Lake City, MI
Population 669 · Michigan
About Lake City, MI
Lake City is a small community in Michigan with a population of 669 residents. The median household income is $59,750 per year, which is near the national average. The median age in Lake City is 41.3 years.
Housing in Lake City has a median home value of $157,500 and median monthly rent of $666. Of the 396 total housing units, the majority are owner-occupied, with 207 owner-occupied and 39 renter-occupied units.
The unemployment rate in Lake City is 5.9% and the poverty rate is 15.2%. 23.5% of residents hold a bachelor's degree or higher. The average commute time is 16.8 minutes.
Cost of Living in Lake City, MI
Compared to national averages, Lake City has a median household income of $59,750 (20% below the national median of $75,149). Home values average $157,500, which is 36% below the national median. Monthly rent at $666 is 43% below the US average of $1,163. Within Michigan, Lake City's income is 9% below the state average of $66,017, and home values are 14% below the state median of $183,391.
Why Live in Lake City, MI?
Lake City offers affordable housing with a median home value of $157,500, below the US average of $244,900, and rent that’s lower than the national average at $666/month, and short commute times averaging just 16.8 minutes.
Potential considerations include median household income ($59,750) 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 669 with a median age of 41.3 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Michigan.
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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, MI?
The population of Lake City, MI is 669 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, MI is $59,750 per year.
What is the median home value in Lake City?
The median home value in Lake City, MI is $157,500.
What is the average rent in Lake City?
The median monthly rent in Lake City, MI is $666.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, MI is 5.9%.