HomeSouth CarolinaFlorence CountyLake City city
Lake City city, South Carolina: commercial real estate data.
Lake City city is a Census city of 5,988 people across 5.44 square miles of land, in Florence County. Median household income is $33,600, 43.5 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $141,400.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake City
What Lake City is
- Census place typecity
- Land area5.44 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,100
- County holding the largest share of its areaFlorence County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
How many people live in Lake City
- Population5,988
- Median age43.7
- Population under 181,059 plus or minus 265
- Share under 1817.7 percent plus or minus 4.4
- Population 65 and over1,206 plus or minus 256
- Share 65 and over20.1 percent plus or minus 4.3
- Households2,612
- Family households1,133
- Share of households that are families43.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Income and work in Lake City
- Median household income$33,600 plus or minus $8,895
- Per capita income$24,091 plus or minus $4,989
- Civilian labor force2,743
- Employed2,478
- Unemployed265 plus or minus 127
- Unemployment rate9.7 percent plus or minus 4.4
- Adults 25 and over4,160
- Adults 25 and over with a high school diploma or higher81.7 percent
- Adults 25 and over with a bachelor degree or higher19.6 percent plus or minus 6.6
- Adults 25 and over with a graduate degree7.2 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Housing in Lake City
- Housing units3,122
- Occupied units2,612
- Vacant units510 plus or minus 179
- Vacancy rate16.3 percent plus or minus 5.4
- Owner occupied1,137 plus or minus 227
- Renter occupied1,475 plus or minus 346
- Ownership rate43.5 percent
- Median owner-occupied home value$144,300
- Median gross rent, monthly$702
- Annual rent as a share of median income25.1 percent plus or minus 7.1
- Single family units2,125
- Share single family68.1 percent
- Units in buildings of two or more892 plus or minus 299
- Share in buildings of two or more28.6 percent plus or minus 9.0
- Mobile homes105 plus or minus 90
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
How Lake City gets to work
- Workers 16 and over who commute2,284
- Commuting under 15 minutes1,291 plus or minus 446
- Share commuting under 15 minutes56.5 percent plus or minus 17.2
- Commuting 30 minutes or more714 plus or minus 240
- Share commuting 30 minutes or more31.3 percent plus or minus 9.2
- Drove alone68.5 percent
- Carpooled22.5 percent plus or minus 13.7
- Public transport0.7 percent plus or minus 1.1
- Walked1.5 percent plus or minus 1.7
- Worked from home6.8 percent plus or minus 5.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
SBA loans in Lake City (7(a))
- Approvals2
- Gross approval$141,400
- Average approval$70,700
- Median approval$100,000
- Ninetieth percentile approval$100,000
- Largest approval$100,000
- Jobs supported7
- Jobs per approval3.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake City
SBA loans in Lake City (504)
- Approvals1
- Gross approval$1,103,000
- Average approval$1,103,000
- Median approval$1,103,000
- Largest approval$1,103,000
- Jobs supported16
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Florence County, not Lake City
Florence County context, not Lake City figures
These are Florence County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake City measurements.
- Establishments in Florence County3,282
- Employment at those establishments, Florence County67,074
- Covered employment, Florence County68,848
- Average annual pay, Florence County$52,861
- Average weekly wage, Florence County$1,017
- Housing units permitted, Florence County666
- Of those, single family, Florence County580
- County product, 2024, Florence County$9,981,118,000
- County product change over the prior year, Florence County6.5 percent
- Average income of an arriving household, Florence County$49,937
Every figure in this section is published for Florence County as a whole and is not a measurement of Lake City. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake City questions, answered from the record.
How many people live in Lake City, South Carolina?
5,988, in 2,612 households. Lake City city covers 5.44 square miles of land, which is 1,100 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake City in?
Florence County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake City?
$33,600. The median owner-occupied home is valued at $144,300. Median gross rent is $702 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake City businesses?
2 7(a) approvals totalling $141,400, across 2 lenders, median approval $100,000, plus 1 504 approvals worth $1.1 m. These count approvals to borrowers whose address is in Lake City, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake City borrowers get paid back?
No rate is published for Lake City. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lake City figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Florence County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake City.
Is zoning published for Lake City?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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