Lake City is a city located in Wabasha County Minnesota. With a 2020 population of 5,102, it is the 146th largest city in Minnesota and the 4709th largest city in the United States . Lake City is currently declining at a rate of -0.20% annually but its population has increased by 0.77% since the most recent census, which recorded a population of 5,063 in 2010. Lake City reached it's highest population of 5,132 in 2018. Spanning over 4 miles, Lake City has a population density of 1,139 people per square mile.
The average household income in Lake City is $68,045 with a poverty rate of 10.91%. The median rental costs in recent years comes to $845 per month, and the median house value is $169,600. The median age in Lake City is 50.4 years, 47.3 years for males, and 52.9 years for females.