Lake City, SD
Population 56 · South Dakota
About Lake City, SD
Lake City is a small community in South Dakota with a population of 56 residents. The median household income is $43,750 per year, which is below the national average. The median age in Lake City is 34.5 years.
Housing in Lake City has a median home value of $175,000 and median monthly rent of $0. Of the 29 total housing units, the majority are owner-occupied, with 18 owner-occupied and 2 renter-occupied units.
The unemployment rate in Lake City is 2.7% and the poverty rate is 39.3%. 26.1% of residents hold a bachelor's degree or higher. The average commute time is 17.8 minutes.
Cost of Living in Lake City, SD
Compared to national averages, Lake City has a median household income of $43,750 (42% below the national median of $75,149). Home values average $175,000, which is 29% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within South Dakota, Lake City's income is 32% below the state average of $64,650, and home values are 22% above the state median of $143,757.
Why Live in Lake City, SD?
Lake City offers affordable housing with a median home value of $175,000, 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 2.7%. Additionally, the city features short commute times averaging just 17.8 minutes.
Potential considerations include median household income ($43,750) 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 56 with a median age of 34.5 years. Compare Lake City with other cities to see how it stacks up, or explore all cities in South Dakota.
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Other Cities in South Dakota
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, SD?
The population of Lake City, SD is 56 according to the latest Census data.
What is the median household income in Lake City?
The median household income in Lake City, SD is $43,750 per year.
What is the median home value in Lake City?
The median home value in Lake City, SD is $175,000.
What is the average rent in Lake City?
The median monthly rent in Lake City, SD is $0.
What is the unemployment rate in Lake City?
The unemployment rate in Lake City, SD is 2.7%.