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Lake City, MI
Full City Profile · Michigan · Missaukee County County
Lake City, MI
At a Glance
How Lake City Compares to the U.S. Average
Each bar shows Lake City's value as a percentage of the national average (100% = U.S. avg)
Is Lake City a Good Place to Live?
Economy & Jobs
Lake City residents earn a median household income of $59,750 , which is 20% below the national average of $75,149. Per capita income is $34,170. The unemployment rate stands at 2.6% (28% below the U.S. rate of 3.6%). 3.8% of residents live below the poverty line. The area is home to 388 business establishments, including 23 restaurants.
Housing & Cost of Living
The median home value in Lake City is $157,500 , 44% below the national median of $281,900. Zillow estimates the typical home at $355,495. Median rent is $666/month, with 33.4% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1959.
Safety & Crime
Lake City reports 565 violent crimes per 100,000 residents , which is 49% above the national average of 380/100K. Property crime is 3,304/100K.
Education
23.5% of adults in Lake City hold a bachelor's degree or higher (30% below the national average). 93.3% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Lake City has an average annual temperature of 44°F (6°C). Winters average 19°F in January while summers reach 68°F in July. The area gets 270 sunny days per year. Annual precipitation totals 33.4 inches. Air quality is rated Good with a median AQI of 38.