Mississippi · Census place 38600
Lake town, MS
Quick answer
Lake town has 523 residents, ranking #264 of 427 places in Mississippi. Median household income is $37,813, the median home is worth $73,900 and median gross rent runs $739 a month.
- Population
- 523Lake town residents
- Median household income
- $37,813Past 12 months, inflation adjusted
- Median home value
- $73,900Owner-occupied units
- Median gross rent
- $739Rent plus utilities, monthly
- Median age
- 35.4 yrsAll residents
- Homeownership rate
- 60.1%Owner-occupied households
What the numbers mean in Lake town
Housing cost measured against local earnings.
A household earning the Lake town median would spend about 23.5% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.4% of residents and 60.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Mississippi.
- White Oak CDP 533
- Hermanville CDP 527
- Mantee village 527
- Kilmichael town 520
- Lakeview CDP 516
- Sherman town 515
- North Tunica CDP 507
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