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Lake City, Pennsylvania Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

During the 2020–2024 ACS period, Lake City, Pennsylvania had a total population of 2,895, the 490th largest borough in Pennsylvania, with a median household income of $75,048, which is 4% lower than the state average. The poverty rate is 10.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Lake City Quick Facts

Population 2,895
Median Household Income $75,048
Median Home Value $165,600
Poverty Rate 10.8%
Unemployment Rate 5.6%
Median Age 34.5 years
Homeownership Rate 84.0%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 26.6%
High School Graduation Rate 91.4%
Diversity Index 26/100
Population 2,895 490th of 1,991
Median Income $75,048 above average
Poverty Rate 10.8% 13% lower than national
Median Home Value $165,600 average

How Lake City Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,9012,895-0.2%
Median household income$74,909$75,048+0.2%
Median home value$154,400$165,600+7.3%

How Lake City Compares

Economy & Housing

Household Income Distribution

Under $25K 10.7%
$25K-$50K 21.1%
$50K-$100K 32.9%
$100K+ 35.3%
Detailed income brackets
Under $10K
2.2%
$10K-$15K
4.1%
$15K-$20K
0.5%
$20K-$25K
3.9%
$25K-$30K
2.0%
$30K-$35K
4.7%
$35K-$40K
4.7%
$40K-$45K
5.3%
$45K-$50K
4.4%
$50K-$60K
8.9%
$60K-$75K
9.1%
$75K-$100K
14.8%
$100K-$125K
9.9%
$125K-$150K
9.1%
$150K-$200K
12.3%
$200K+
3.9%

Employment

5.6% Unemployment Rate State: 5.3%|National: 5.2%
62.3% Labor Force Participation

Housing Overview

Owner 84.0%
Renter 16.0%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $871/mo 13.9% of median household income annually

People & Demographics

Diversity Index

26out of 100
Low Diversity

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

State average: 45 | National average: 61

Education

Lake City Rankings in Pennsylvania

#490 Population of 1,991
#739 Median Income of 1,854
#737 Education of 1,987
#1017 Home Value of 1,871

Other Cities in Erie County

CityPopulationMedian IncomePovertyHome Value
Erie 93,850 $46,113 23.3% $115,200
Northwest Harborcreek 8,753 $93,617 6.8% $225,800
Corry 6,116 $48,618 25.9% $96,800
Edinboro 5,440 $48,173 20.5% $222,700
North East 4,054 $68,828 19.2% $167,000
Lawrence Park 3,775 $74,548 15.0% $138,800
Wesleyville 3,179 $48,952 16.0% $108,600
Girard 2,962 $71,165 8.8% $160,500
Union City 2,887 $44,004 23.7% $88,100
Fairview 2,691 $86,645 8.1% $209,600

Cities Similar to Lake City

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Slippery Rock University2,853N/AN/A0.0%100.0%
Toftrees2,873$73,721$434,10077.1%25.4%
Greenwood2,853$73,250$140,30034.1%4.9%
Bath2,864$72,391$247,90024.9%20.1%
Harveys Lake2,809$75,510$238,60044.0%5.1%

Population Overview

Lake City is a small community located in Pennsylvania, within Erie County. The total population is 2,895. It ranks as the 490th most populous out of 1,991 Census-designated places in Pennsylvania.

Age Demographics

The median age in Lake City is 34.5 years. This is 16% lower than the state median of 40.9 years. With 31.0% of the population under 18, Lake City has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Lake City is $75,048. This is 4% lower than the state median of $77,971. It is also 7% lower than the national median of $80,734. The poverty rate stands at 10.8%. This is 7% lower than the state poverty rate of 11.7%. The unemployment rate is 5.6%. This is 6% higher than the state rate of 5.3%. The median home value is $165,600. Housing costs are 35% lower than the state median of $254,500. With a home-value-to-income ratio of just 2.2x, Lake City is one of the most affordable housing markets in the area. 84.0% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 69.3%.

Race & Ethnicity

Lake City has a predominantly White (non-Hispanic) population, comprising 85.7% of all residents. Hispanic or Latino residents account for 6.7%. The Black or African American population (0.9%) is well below the state average of 10.3%. The Asian population (0.4%) is well below the state average of 3.8%.

Education

26.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 24% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.4%. Notably, 16.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lake City, Pennsylvania is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lake City, Pennsylvania?

Lake City, Pennsylvania has a population of 2,895 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Lake City is $75,048, which is 7% lower than the national median of $80,734.

What is the poverty rate in Lake City, PA?

The poverty rate in Lake City is 10.8%. This means approximately 305 residents live below the federal poverty line.

What is the racial makeup of Lake City, Pennsylvania?

Lake City's population is 85.7% White, 0.9% Black, 6.7% Hispanic/Latino, and 0.4% Asian.

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

The median home value in Lake City is $165,600. The home-value-to-income ratio is 2.2x.

How educated is Lake City, Pennsylvania?

26.6% of adults (25+) in Lake City hold a bachelor's degree or higher, and 16.8% hold a graduate or professional degree.