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Lake City, IA Profile: Facts & Data

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Lake City, Iowa - Basic Facts

The City of Lake City had a population of 1,754 as of July 1, 2025.

The primary coordinate point for Lake City is located at latitude 42.2675 and longitude -94.7339 in Calhoun County. The formal boundaries for the City of Lake City encompass a land area of 4.81 sq. miles and a water area of 0 sq. miles. Calhoun County is in the Central time zone (GMT -6).

The City of Lake City has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Lake City is located within , a minor civil division (MCD) of Calhoun County.


Jump to... (On This Page!)
  1. Lake City 2025 Demographic Data
  2. Growth Rates for Lake City (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2025 Demographics
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Lake City, IA Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 1,754 (100%)
Population in Households 1,650 (94.1%)
Population in Families 1,213 (69.2%)
Population in Group Quarters1 104 ( 5.9%)
Population Density 364
Diversity Index2 13
 
 

INCOME

Median Household Income $66,826
Average Household Income $91,253
% of Income for Mortgage4 13%
Per Capita Income $38,293
Wealth Index5 75
Socioeconomic Status Index6 Moderate (53.4)
 

HOUSING

Total HU (Housing Units) 822 (100%)
Owner Occupied HU 546 (66.4%)
Renter Occupied HU 188 (22.9%)
Vacant Housing Units 88 (10.7%)
Median Home Value $135,714
Average Home Value $204,762
Housing Affordability Index3 165
 

HOUSEHOLDS

Total Households 734
Average Household Size 2.25
Family Households 438
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population 0.25% -0.36%
Households -0.26% -0.66%
Families   -0.74%
Median Household Income   1.96%
Per Capita Income   1.59%
Owner Occupied HU   -0.22%

Lake City, IA - Peer Comparisons by Rank and Percentile

The table below compares Lake City to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 185 82nd
Population Density # 702 32nd
Median Household Income # 722 30th
Housing Affordability Index # 875 85th
Per Capita Income # 611 41st
Diversity Index # 685 34th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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