Lake, MS
Population 523 · Mississippi
About Lake, MS
Lake is a small community located in Mississippi with a population of 523 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,813 per year, which is 50% below the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake features a median home value of $73,900, which is 70% below the national median of $244,900. This makes Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $739, 36% below the national average of $1,163/month. Of the 225 total housing units, 60% are owner-occupied (119 units) and 40% are renter-occupied (79 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lake 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 17.4%, above the national average of 12.4%. Workers in Lake have an average one-way commute time of 26 minutes.
Education & Demographics
10.8% of Lake 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 1.3% of the population being foreign-born.
Cost of Living in Lake, MS
Compared to national averages, Lake has a median household income of $37,813 (50% below the national median of $75,149). Home values average $73,900, which is 70% below the national median. Monthly rent at $739 is 36% below the US average of $1,163. Within Mississippi, Lake's income is 24% below the state average of $49,929, and home values are 41% below the state median of $125,705.
Why Live in Lake, MS?
Lake offers affordable housing with a median home value of $73,900, below the US average of $244,900, and rent that’s lower than the national average at $739/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($37,813) that falls below the national average. However, Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake has a population of 523 with a median age of 35.4 years. Compare Lake with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Lake
Cities in Mississippi with a similar population size.
Demographics
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Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake
What is the population of Lake, MS?
The population of Lake, MS is 523 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Mississippi.
What is the median household income in Lake?
The median household income in Lake, MS is $37,813 per year, which is 50% below the national median of $75,149.
What is the median home value in Lake?
The median home value in Lake, MS is $73,900, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake?
The median monthly rent in Lake, MS is $739, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Lake?
The unemployment rate in Lake, MS 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, MS a good place to live?
Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 523 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Lake, MS?
10.8% of residents in Lake 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?
Key cost-of-living indicators for Lake, MS: median home value is $73,900 (70% below national), median rent is $739/month, and median household income is $37,813. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake?
The poverty rate in Lake, MS is 17.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake, MS?
Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 58.7% two or more races. 1.3% of residents are foreign-born.