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Lake City borough, Pennsylvania Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

As of 2026, Lake City borough, Pennsylvania has a total population of 2,901, the 486th largest city in Pennsylvania, with a median household income of $74,909, which is 2% lower than the state average. The poverty rate is 10.9%.

Key Takeaways

Lake City borough Quick Facts

Population 2,901
Median Household Income $74,909
Median Home Value $154,400
Poverty Rate 10.9%
Unemployment Rate 4.2%
Median Age 38.3 years
Homeownership Rate 87.8%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 25.0%
High School Graduation Rate 92.0%
Diversity Index 23/100
Population 2,901 486th of 1,993
Median Income $74,909 above average
Poverty Rate 10.9% 12% lower national
Median Home Value $154,400 average

How Lake City borough Compares

Economy & Housing

Employment

4.2% Unemployment Rate State: 5.3% | National: 5.2%
62.3% Labor Force Participation

Housing Overview

Owner 87.8%
Renter 12.2%
Affordability Index Very Affordable
2.1x home value to income ratio

People & Demographics

Diversity Index

23out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 43 | National average: 60

Education

Lake City borough Rankings in Pennsylvania

#486 Population of 1,993
#683 Median Income of 1,993
#802 Education of 1,993
#1049 Home Value of 1,993

Other Cities in Erie County

CityPopulationMedian IncomePovertyHome Value
Erie city 94,156 $43,397 24.6% $108,200
Corry city 6,162 $45,081 29.2% $99,800
Edinboro borough 5,303 $40,862 24.6% $211,300
North East borough 4,069 $67,469 16.0% $151,000
Wesleyville borough 3,189 $46,506 17.8% $100,700
Girard borough 2,979 $72,481 5.7% $168,100
Union City borough 2,911 $42,754 21.0% $101,000
Albion borough 1,269 $54,083 12.7% $131,000
Waterford borough 1,254 $58,875 13.8% $163,000
Cranesville borough 732 $73,824 7.2% $120,700

Cities Similar to Lake City borough

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Mohnton borough2,924$72,198$221,20035.8%11.8%
Quarryville borough2,846$76,628$244,90026.1%14.1%
Bath borough2,829$73,681$228,50024.1%17.2%
Lima CDP2,834$76,953$372,30037.8%6.7%
Girard borough2,979$72,481$168,10030.9%5.7%

Population Overview

Lake City borough is a small community located in Pennsylvania, within Erie County. The total population is 2,901. It ranks as the 486th most populous out of 1,993 cities and towns in Pennsylvania.

Age Demographics

The median age in Lake City borough is 38.3 years. This is 6% lower than the state median of 40.9 years.

Economy, Income & Housing

The median household income in Lake City borough is $74,909. This is 2% lower than the state median of $76,081. Compared to the national median of $78,538, household income here is 5% lower. The poverty rate stands at 10.9%. This is 7% lower than the state poverty rate of 11.8%. The unemployment rate is 4.2%. This is 20% lower than the state rate of 5.3%. The median home value is $154,400. Housing costs are 36% lower than the state median of $240,500. With a home-value-to-income ratio of just 2.1x, Lake City borough is one of the most affordable housing markets in the area. 87.8% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 69.3%.

Race & Ethnicity

Lake City borough has a predominantly White (non-Hispanic) population, comprising 87.1% of all residents. Hispanic or Latino residents account for 6.5%. The Black or African American population (1.0%) is well below the state average of 10.3%. The Asian population (0.3%) is well below the state average of 3.7%.

Education

25.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 28% lower than the state rate of 34.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.0%. Notably, 15.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lake City borough, Pennsylvania 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 Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,993 Census-designated places in Pennsylvania. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Lake City borough, Pennsylvania?

Lake City borough, Pennsylvania has a population of 2,901 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake City borough, PA?

The median household income in Lake City borough is $74,909, which is 5% lower the national median of $78,538.

What is the poverty rate in Lake City borough, PA?

The poverty rate in Lake City borough is 10.9%. This means approximately 308 residents live below the federal poverty line.

What is the racial makeup of Lake City borough, Pennsylvania?

Lake City borough's population is 87.1% White, 1.0% Black, 6.5% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Lake City borough, PA?

The median home value in Lake City borough is $154,400. The home-value-to-income ratio is 2.1x.

How educated is Lake City borough, Pennsylvania?

25.0% of adults (25+) in Lake City borough hold a bachelor's degree or higher, and 15.2% hold a graduate or professional degree.