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.
It is a fairly quiet town because there are relatively few of those groups of people who have a tendency to be noisy. (Children, for example, often can't help themselves from being noisy, and being parents ourselves, we know!) Lake has relatively few families with children living at home, and is quieter because of it. Renters and college students, for their own reasons, can also be noisy. Lake has few renters and college students. But the biggest reason it is quieter in Lake than in most places in America, is that there are just simply fewer people living here. If you think trees make good neighbors, Lake may be for you.
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 percentage of adults in Lake with college degrees is slightly lower than the national average of 21.84% for all communities. 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.
