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Lake City, MN
Full City Profile · Minnesota · Wabasha County County
Lake City, MN
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 $76,125 , which is 1% above the national average of $75,149. Per capita income is $42,584. The unemployment rate stands at 0.2% (94% below the U.S. rate of 3.6%). 3.4% of residents live below the poverty line. The area is home to 608 business establishments, including 58 restaurants.
Housing & Cost of Living
The median home value in Lake City is $234,100 , 17% below the national median of $281,900. Zillow estimates the typical home at $311,239. Median rent is $1,022/month, with 31.6% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1976.
Safety & Crime
Lake City reports 78 violent crimes per 100,000 residents , which is 80% below the national average of 380/100K. Property crime is 1,128/100K. The murder rate is 0.0/100K.
Education
32.0% of adults in Lake City hold a bachelor's degree or higher (5% below the national average). 95.8% have completed high school. Local schools score 6.7/10 in standardized testing.
Climate & Weather
Lake City has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. The area gets 270 sunny days per year. Annual precipitation totals 35.5 inches. Air quality is rated Good with a median AQI of 32.