Lake City, PA Profile: Facts & Data

Lake City, Pennsylvania - Basic Facts

The Borough of Lake City had a population of 2,852 as of July 1, 2024.

The primary coordinate point for Lake City is located at latitude 42.0142 and longitude -80.3453 in Erie County. The formal boundaries for the Borough of Lake City encompass a land area of 1.8 sq. miles and a water area of 0.01 sq. miles. Erie County is in the Eastern time zone (GMT -5).

The Borough of Lake City has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Lake City, PA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,852 (100%)
Population in Households	2,836 (99.4%)
Population in Families	2,140 (75.0%)
Population in Group Quarters¹	16 ( 0.6%)
Population Density	1,587
Diversity Index²	22


INCOME
Median Household Income	$72,639
Average Household Income	$85,431
% of Income for Mortgage⁴	16%
Per Capita Income	$33,708
Wealth Index⁵	63
Socioeconomic Status Index⁶	Moderate (53.6)

HOUSING
Total HU (Housing Units)	1,180 (100%)
Owner Occupied HU	863 (73.1%)
Renter Occupied HU	262 (22.2%)
Vacant Housing Units	55 ( 4.7%)
Median Home Value	$182,538
Average Home Value	$244,757
Housing Affordability Index³	141

HOUSEHOLDS
Total Households	1,125
Average Household Size	2.52
Family Households	770
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,180 (100%)

Owner Occupied HU

863 (73.1%)

Renter Occupied HU

262 (22.2%)

Vacant Housing Units

55 ( 4.7%)

Median Home Value

$182,538

Average Home Value

$244,757

Housing Affordability Index³

141

HOUSEHOLDS

Total Households

1,125

Average Household Size

2.52

Family Households

770

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2024	2024-2029
Population	-0.67%	-0.42%
Households	-0.29%	-0.07%
Families		-0.10%
Median Household Income		2.96%
Per Capita Income		3.22%
Owner Occupied HU		0.05%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.67%

-0.42%

Households

-0.29%

-0.07%

Families

-0.10%

Median Household Income

2.96%

Per Capita Income

3.22%

Owner Occupied HU

0.05%

Lake City, PA - Peer Comparisons by Rank and Percentile

The table below compares Lake City to the other 2,002 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2024 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	# 503	75th
Population Density	# 864	57th
Median Household Income	# 820	59th
Housing Affordability Index	# 1491	74th
Per Capita Income	# 1302	35th
Diversity Index	# 900	55th

Variable Description

Rank

Percentile

Total Population

# 503

75th

Population Density

# 864

57th

Median Household Income

# 820

59th

Housing Affordability Index

# 1491

74th

Per Capita Income

# 1302

35th

Diversity Index

# 900

55th

Pennsylvania Census Data Comparison Tool

Lake City, PA Profile: Facts & Data

Lake City, Pennsylvania - Basic Facts

Lake City, PA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake City, PA - Peer Comparisons by Rank and Percentile

Lake City, PA - Most Popular Things to Do

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