Lake City, PA
Population 2,901 · Pennsylvania
About Lake City, PA
Lake City is a small town located in Pennsylvania with a population of 2,901 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,909 per year, which is 0% below the national median of $75,149. The median age of 38.3 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 $154,400, which is 37% below the national median of $244,900. This positions Lake City in a moderately priced market relative to the rest of the country. Median monthly rent is $789, 32% below the national average of $1,163/month. Of the 1,209 total housing units, 88% are owner-occupied (943 units) and 12% are renter-occupied (131 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake City shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 10.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake City have an average one-way commute time of 23.3 minutes.
Education & Demographics
25.0% of Lake City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.4% White, 1.5% Hispanic or Latino, 1.7% Black or African American, and 4.2% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Lake City, PA
Compared to national averages, Lake City has a median household income of $74,909 (0% below the national median of $75,149). Home values average $154,400, which is 37% below the national median. Monthly rent at $789 is 32% below the US average of $1,163. Within Pennsylvania, Lake City's income is 2% above the state average of $73,376, and home values are 19% below the state median of $190,903.
Why Live in Lake City, PA?
Lake City offers affordable housing with a median home value of $154,400, below the US average of $244,900, and rent that’s lower than the national average at $789/month, and a low poverty rate of 10.9%, better than the national average. Additionally, the city features short commute times averaging just 23.3 minutes.
Potential considerations include median household income ($74,909) 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 2,901 with a median age of 38.3 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Lake City
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wynnewood | 2,899 | $214,857 | $890,500 | Compare |
| Union City | 2,911 | $42,754 | $101,000 | Compare |
| Rothsville | 2,889 | $103,958 | $289,200 | Compare |
| Seven Fields | 2,889 | $116,042 | $412,900 | Compare |
| Pleasureville | 2,886 | $111,685 | $233,000 | Compare |
| Homestead | 2,885 | $38,661 | $81,400 | Compare |
| Womelsdorf | 2,882 | $100,227 | $194,900 | Compare |
| Chester Heights | 2,922 | $110,729 | $296,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake City With Other Cities
Frequently Asked Questions about Lake City
What is the population of Lake City, PA?
The population of Lake City, PA is 2,901 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Lake City?
The median household income in Lake City, PA is $74,909 per year, which is 0% below the national median of $75,149.
What is the median home value in Lake City?
The median home value in Lake City, PA is $154,400, which is 37% 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, PA is $789, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, PA is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake City, PA a good place to live?
Lake City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,901 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Lake City, PA?
25.0% 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, PA: median home value is $154,400 (37% below national), median rent is $789/month, and median household income is $74,909. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake City?
The poverty rate in Lake City, PA is 10.9%, 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, PA?
Lake City's population is 0.4% White, 1.5% Hispanic or Latino, 1.7% Black or African American, 4.2% Asian, and 1.0% two or more races. 2.9% of residents are foreign-born.