Lake City city, Michigan Demographics & Population 2026

Population Overview

Lake City city is a small community located in Michigan, within Missaukee County. The total population is 669. It ranks as the 501st most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Lake City city is 41.3 years. This is 3% higher than the state median of 40.1 years. 11.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Lake City city is $59,750. This is 16% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 15.2%. This is 17% higher than the state poverty rate of 13.1%. The unemployment rate is 5.9%. The median home value is $157,500. Housing costs are 28% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.6x, Lake City city is one of the most affordable housing markets in the area. 84.2% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 72.9%.

Race & Ethnicity

Lake City city has a predominantly White (non-Hispanic) population, comprising 90.4% of all residents. Black or African American residents account for 1.8%. The Black or African American population (1.8%) is well below the state average of 13.2%. The Hispanic or Latino population (1.1%) is well below the state average of 5.7%. The Asian population (0.4%) is well below the state average of 3.3%.

Education

23.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.

Data Sources & Methodology

All demographic data for Lake City city, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.