Lake City is a city located in Wabasha County, Minnesota. Lake City has a 2026 population of 5,333. Lake City is currently growing at a rate of 0.26% annually and its population has increased by 1.56% since the most recent census, which recorded a population of 5,251 in 2020.
The median household income in Lake City is $72,244 with a poverty rate of 5.93%. The median age in Lake City is 49.1 years: 46.9 years for males, and 51.1 years for females. For every 100 females there are 86.7 males.
Data after 2023 is projected based on recent change
Overall: 49.1 years
Female: 51.1 years
Male: 46.9 years
There are 4,042 adults, (1,482 of whom are seniors) in Lake City.
Female: 2,696 (53.6%)
Male: 2,338 (46.4%)
The racial composition of Lake City includes 93.19% White, and smaller percentages for Asian, other race, Black or African American, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 4,691 | 93.19% |
| Two or more races | 178 | 3.54% |
| Asian | 64 | 1.27% |
| Other race | 55 | 1.09% |
| Black or African American | 33 | 0.66% |
| Native American | 13 | 0.26% |
Lake City 's average per capita income is $49,610. Household income levels show a median of $72,244. The poverty rate stands at 5.93%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $102,222 | - |
| Families | $87,365 | $105,705 |
| Households | $72,244 | $87,526 |
| Non Families | $37,000 | $55,090 |
Average Income
Median Household Income
Poverty Rate