Another notable thing is that Lake is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Lake’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Lake has relatively fewer families with younger children, and/or college students. Combined, this makes Lake a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
One downside of living in Lake is that it can take a long time to commute to work. In Lake, the average commute to work is 31.34 minutes, which is quite a bit higher than the national average.
The citizens of Lake are slightly less educated than the national average of 21.84% for the average city or town: 14.08% of adults in Lake have a bachelor's degree or advanced degree
The per capita income in Lake in 2022 was $32,916, which is middle income relative to Michigan and the nation. This equates to an annual income of $131,664 for a family of four. However, Lake contains both very wealthy and poor people as well.
The people who call Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lake include German, English, Irish, Polish, and French.
The most common language spoken in Lake is English. Other important languages spoken here include Italian and Polish.
