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ZipNumbers

Michigan · Census place 44480

Lake City city, MI

Quick answer

Lake City city has 669 residents, ranking #501 of 745 places in Michigan. Median household income is $59,750, the median home is worth $157,500 and median gross rent runs $666 a month.

Population
669Lake City city residents
Median household income
$59,750Past 12 months, inflation adjusted
Median home value
$157,500Owner-occupied units
Median gross rent
$666Rent plus utilities, monthly
Median age
41.3 yrsAll residents
Homeownership rate
84.1%Owner-occupied households

What the numbers mean in Lake City city

Housing cost measured against local earnings.

A household earning the Lake City city median would spend about 13.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.2% of residents and 84.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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