Lake City, MI 49651 has a population of approximately 7,819 and experiences a population change rate of 3.76%. The population density is 35 / sq mi .
Lake City, MI 49651 has a population of approximately 7,819 and experiences a population change rate of 3.76%. The population density is 35 / sq mi .
The median household income for Lake City, MI 49651 is $50,481, with 3,102 households and an average household size of 2.47.
The median value of a home in Lake City, MI 49651 is $176,300 with an appreciation rate of 19.80%. 50.98% of housing in the state is owned while 11.38% is rented.
The cost of living in Lake City, MI 49651 is 84.2 %.
The unemployment rate in Lake City, MI 49651 is 5.00%, and recent job growth is at 1.47%. Future job growth is projected at 31.02%.
The sales tax rate in Lake City, MI 49651 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Lake City, MI 49651 are $11,303, and the school ratio is 18:1.
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 10 degrees. The average rainfall is approximately 32.5 inches per year, with 68.8 inches of snow per year.