All Countries
Lake City, MN
Full City Profile · Minnesota · Wabasha County County
3.5
/5.0
B+
Good
5,021
Population
1,118/sq mi density
$76,125
Median Income
$42,584 per capita
$234,100
Home Value
$311,239 Zillow
$1,022
Median Rent
31.6% income on rent
45°F
Avg Temperature
270 sunny days/yr
78
Violent Crime/100K
1,128 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$76,125 median income, 0.2% unemployment
A+
Affordability
5.0 / 5.0
$234,100 home value, $1,022/mo rent
F
Safety
1.0 / 5.0
78 violent crimes/100K
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher
Income Overview
Median Household Income
$76,125
1% above
US avg: $75,149
Per Capita Income
$42,584
9% above
US avg: $39,052
Unemployment Rate
0.2%
94% below
US avg: 3.6%
Poverty Rate
3.4%
73% below
US avg: 12.4%
Income Comparison: Lake City vs. U.S. Average
Each bar shows Lake City’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$76,125
101%
Per Capita
US: $39,052
$42,584
109%
IRS Avg AGI
US: $72,000
$74,149
103%
Avg Weekly Wage
US: $1,432
$916
64%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$916
36% below US avg ($1,432)
Mean Commute Time
22 min
21% below US avg (28 min)
Work From Home
10.8%
29% below US avg (15.2%)
Drive Alone
72.2%
1% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,094M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
72.2%
Public Transit
0%
Work From Home
10.8%
Other
17%
Average commute time
22 minutes
US avg: 28 min
Business Landscape
Total Establishments
608
Restaurants
58
Healthcare
58
Retail
70
Manufacturing
25
Tax & Financial
IRS Avg Adjusted Gross Income
$74,149
3% above US avg ($72,000)
Avg Property Tax
$4,056
16% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $76,125 |
| Per Capita Income | $42,584 |
| IRS Avg Adjusted Gross Income | $74,149 |
| Avg Weekly Wage | $916 |
| County GDP | $1,094M |
Hardship Indicators
| Unemployment Rate | 0.2% |
| Poverty Rate | 3.4% |
| Gini Coefficient | 0.412 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 22 minutes |
| Drive Alone | 72.2% |
| Public Transit | 0.0% |
| Work From Home | 10.8% |
Businesses
| Total Establishments | 608 |
| Restaurants | 58 |
| Healthcare | 58 |
| Retail | 70 |
| Manufacturing | 25 |
Tax
| IRS Avg AGI | $74,149 |
| Avg Property Tax | $4,056 |