Living in Lake, Mississippi
Cost of living, income, home prices, rent and demographics of Lake · Census data 2020–2024
Lake has 522 residents with a median age of 37. The median household income is $32,143 (43% lower than the Mississippi median), the median home value is $77,000, the median rent is $729/month.
Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake at a glance
- Population
- 522
- Median age
- 37State: 38.6
- Median household income
- $32,143State: $56,447
- Median home value
- $77,000State: $169,800
- Median rent
- $729/moState: $954
- Homeowners
- 51.9%
- Bachelor's degree or higher
- 10.7%
- Average commute
- 23 min
Is Lake a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 23 minutes; a poverty rate of 15.5%.
Cons: Median household income 43% lower than the Mississippi median.
The weather is best in March to May and October.
Cost of living in Lake
Housing is the biggest part of the cost of living. In Lake the median home value is $77,000, 77% lower than the U.S. median. Renters pay a median of $729 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,125 a month in housing costs.
Lake median household income
The median household income in Lake is $32,143 and the income per person is $20,179. 15.5% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Lake: homes for sale and rent
- Housing units
- 233
- Owner-occupied
- 51.9%
- Renter-occupied
- 48.1%
- Vacant
- 9.9%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.49
Lake demographics
- Population
- 522
- Median age
- 37
- Under 18
- 27.6%
- 65 and older
- 12.6%
- Households
- 210
- Foreign-born
- 0.8%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake ›
Education in Lake
10.7% of adults 25 and older in Lake have a bachelor's degree or higher (Mississippi: 25.1%), and 0.9% have a graduate or professional degree.
Jobs and commute in Lake
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 23 minState: 26 min
- Work from home
- 1.3%
- Drive alone
- 92.1%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 83.3%
Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake | 522 | $32,143 | $77,000 | $729 |
| Forest | 5,357 | $49,724 | $141,100 | $900 |
| Newton | 3,116 | $32,157 | $88,800 | $423 |
| Hillsboro | 999 | $44,662 | $74,500 | — |
| Decatur | 1,929 | $50,128 | $128,900 | $835 |
| Sebastopol | 212 | $52,500 | $112,500 | $821 |
| Hickory | 471 | $59,000 | $107,800 | $918 |
| Louin | 393 | $58,846 | $173,600 | — |
| Walnut Grove | 737 | $42,634 | $85,900 | $535 |
More for people moving to Lake
Lake ZIP code ›Weather and climate ›Living in Lake: FAQ
What is the median household income in Lake, MS?
The median household income in Lake is $32,143, 43% lower than the Mississippi median of $56,447 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake?
The median home value in Lake is $77,000, compared with $169,800 in Mississippi.
How much is rent in Lake?
The median gross rent in Lake is $729 per month, about 25.5% of household income.
Is Lake, MS a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 23 minutes; a poverty rate of 15.5%. Minuses: median household income 43% lower than the Mississippi median.
What is the median age in Lake?
The median age in Lake is 37 years (Mississippi: 38.6).
How long is the commute in Lake?
The average commute to work in Lake is 23 minutes; 1.3% of workers work from home.
What is the unemployment rate in Lake?
The unemployment rate in Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake?
10.7% of adults in Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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