The Lake City, MN employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Lake City is $28,418, which is 14% lower than than the Minnesota average and 5% lower than than the national average. The median household income is $51,287, which is 19% lower than than the Minnesota average and 7% lower than than the national average. The unemployment rate in Lake City is 2%, which is 53% lower than than the national average. The poverty rate in Lake City is 9% which is 43% lower than than the national average.