Another notable thing is that Lake is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially 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.
In terms of college education, the citizens of Lake rank slightly lower than the national average. 15.37% of adults 25 and older in Lake have a bachelor's degree or advanced degree, while 21.84% of adults have a 4-year degree or higher in the average American community.
The per capita income in Lake in 2022 was $33,635, which is upper middle income relative to Michigan, and middle income relative to the rest of the US. This equates to an annual income of $134,540 for a family of four. However, Lake contains both very wealthy and poor people as well.
Lake is a somewhat ethnically-diverse town. 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 Native American. Important ancestries of people in Lake include German, English, Irish, Polish, and Italian.
The most common language spoken in Lake is English. Other important languages spoken here include Italian and Polish.
