In 2023, Lake City, MN had a population of 5.02k people with a median age of 48.4 and a median household income of $76,125. Between 2022 and 2023 the population of Lake City, MN declined from 5,108 to 5,021, a −1.7% decrease and its median household income grew from $71,324 to $76,125, a 6.73% increase.
The 5 largest ethnic groups in Lake City, MN are White (Non-Hispanic) (92.7%), Two+ (Non-Hispanic) (3.19%), Asian (Non-Hispanic) (1.61%), Black or African American (Non-Hispanic) (0.976%), and White (Hispanic) (0.717%).
None of the households in Lake City, MN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
99.9% of the residents in Lake City, MN are U.S. citizens.
In 2023, the median property value in Lake City, MN was $234,100, and the homeownership rate was 78.8%.
Most people in Lake City, MN drove alone to work, and the average commute time was 21.7 minutes. The average car ownership in Lake City, MN was 2 cars per household.