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ZipNumbers

Minnesota · Census place 34172

Lake City city, MN

Quick answer

Lake City city has 5,021 residents, ranking #149 of 914 places in Minnesota. Median household income is $76,125, the median home is worth $234,100 and median gross rent runs $1,022 a month.

Population
5,021Lake City city residents
Median household income
$76,125Past 12 months, inflation adjusted
Median home value
$234,100Owner-occupied units
Median gross rent
$1,022Rent plus utilities, monthly
Median age
48.4 yrsAll residents
Homeownership rate
78.8%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 16.1% 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 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.5% of residents and 78.8% 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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