Also See Lake City, MI: ZIP Codes & Maps
The City of Lake City had a population of 803 as of July 1, 2023.
The primary coordinate point for Lake City is located at latitude 44.3353 and longitude -85.215 in Missaukee County. The formal boundaries for the City of Lake City encompass a land area of 1.05 sq. miles and a water area of 0 sq. miles. Missaukee County is in the Eastern time zone (GMT -5).
The City of Lake City has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 803 (100%) |
Population in Households | 795 (99.0%) |
Population in Families | 642 (80.0%) |
Population in Group Quarters1 | 8 ( 1.0%) |
Population Density | 767 |
Diversity Index2 | 28 |
INCOME | |
Median Household Income | $47,438 |
Average Household Income | $69,405 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $26,723 |
Wealth Index5 | 57 |
Socioeconomic Status Index6 | Moderate (54.1) |
HOUSING | |
---|---|
Total HU (Housing Units) | 482 (100%) |
Owner Occupied HU | 230 (47.7%) |
Renter Occupied HU | 79 (16.4%) |
Vacant Housing Units | 173 (35.9%) |
Median Home Value | $135,811 |
Average Home Value | $229,891 |
Housing Affordability Index3 | 136 |
HOUSEHOLDS | |
Total Households | 309 |
Average Household Size | 2.57 |
Family Households | 208 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.98% | -0.25% |
Households | -2.00% | -0.13% |
Families | 0.19% | |
Median Household Income | 1.73% | |
Per Capita Income | 2.69% | |
Owner Occupied HU | 0.77% |
The table below compares Lake City to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 473 | 37th |
Population Density | # 411 | 45th |
Median Household Income | # 616 | 17th |
Housing Affordability Index | # 449 | 60th |
Per Capita Income | # 617 | 17th |
Diversity Index | # 265 | 65th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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