Lake City, SC Profile: Facts & Data

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Lake City, South Carolina - Basic Facts

The City of Lake City had a population of 5,789 as of July 1, 2023.

The primary coordinate point for Lake City is located at latitude 33.871 and longitude -79.7553 in Florence County. The formal boundaries for the City of Lake City encompass a land area of 5.22 sq. miles and a water area of 0.01 sq. miles. Florence County is in the Eastern time zone (GMT -5).

The City of Lake City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

South Carolina is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Lake City is located within Lake City-Scranton Division of Florence County.


Jump to... (On This Page!)
  1. Lake City 2023 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. South Carolina Research Tools (Easy Tools & Current Data)
  3. South Carolina Data Comparison Tool - 2023 Demographics
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Lake City, SC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 5,789 (100%)
Population in Households 5,758 (99.5%)
Population in Families 4,730 (81.7%)
Population in Group Quarters1 31 ( 0.5%)
Population Density 1,063
Diversity Index2 46
 
 

INCOME

Median Household Income $38,171
Average Household Income $60,170
% of Income for Mortgage4 18%
Per Capita Income $24,469
Wealth Index5 42
Socioeconomic Status Index6 Low (41.8)
 

HOUSING

Total HU (Housing Units) 2,679 (100%)
Owner Occupied HU 1,371 (51.2%)
Renter Occupied HU 982 (36.7%)
Vacant Housing Units 326 (12.2%)
Median Home Value $111,759
Average Home Value $138,001
Housing Affordability Index3 147
 

HOUSEHOLDS

Total Households 2,353
Average Household Size 2.45
Family Households 1,524
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

2020-2023 2023-2028
Population 0.01% -0.31%
Households 0.01% -0.09%
Families   -0.13%
Median Household Income   2.42%
Per Capita Income   2.84%
Owner Occupied HU   0.65%

Lake City, SC - Peer Comparisons by Rank and Percentile

The table below compares Lake City to the other 475 incorporated cities, towns and CDPs in South Carolina by rank and percentile using July 1, 2023 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 # 95 80th
Population Density # 125 74th
Median Household Income # 371 22nd
Housing Affordability Index # 321 68th
Per Capita Income # 324 32nd
Diversity Index # 318 33rd

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

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