Lake City, SC Profile: Facts & Data

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.

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

POPULATION
Total Population	5,879 (100%)
Population in Households	5,849 (99.5%)
Population in Families	4,736 (80.6%)
Population in Group Quarters¹	30 ( 0.5%)
Population Density	1,079
Diversity Index²	44


INCOME
Median Household Income	$40,222
Average Household Income	$67,208
% of Income for Mortgage⁴	24%
Per Capita Income	$27,265
Wealth Index⁵	45
Socioeconomic Status Index⁶	Low (42.5)

HOUSING
Total HU (Housing Units)	2,726 (100%)
Owner Occupied HU	1,337 (49.0%)
Renter Occupied HU	1,047 (38.4%)
Vacant Housing Units	342 (12.5%)
Median Home Value	$155,958
Average Home Value	$178,010
Housing Affordability Index³	107

HOUSEHOLDS
Total Households	2,384
Average Household Size	2.45
Family Households	1,500
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.

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, 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.07%	-0.22%
Households	-0.07%	0.01%
Families		0.04%
Median Household Income		4.48%
Per Capita Income		3.90%
Owner Occupied HU		1.40%

Variable Description	Rank	Percentile
Total Population	# 94	80th
Population Density	# 126	74th
Median Household Income	# 370	22nd
Housing Affordability Index	# 219	46th
Per Capita Income	# 290	39th
Diversity Index	# 341	29th

Lake City, SC Profile: Facts & Data

Lake City, South Carolina - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake City, SC - Peer Comparisons by Rank and Percentile

Lake City, SC - Most Popular Things to Do

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