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2024 Compare Cities Economy:
Lake City, MN vs Decorah, IA

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Highlights
- Household income in Decorah, is 15% less than it is in Lake City and is 24% below the National Average.
- Lake City unemployment rate is 4.4%.
- Decorah unemployment rate is 5.3%.

Economy
 Lake City, MNDecorah, IAUnited States
 Unemployment Rate4.4%5.3%6.0%
 Recent Job Growth0.4%-1.6%1.6%
 Future Job Growth28.5%17.4%33.5%
 Sales Taxes7.4%7.0%6.2%
 Income Taxes7.1%7.4%4.6%
 Income per Cap.$37,440$28,684$37,638
 Household Income$65,652$55,480$69,021
 Family Median Income$83,824$76,518$85,028
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 Est. Households By Income
 Lake City, MNDecorah, IAUnited States
 Income Less Than 15K6.5%8.6%9.4%
 Income between 15K and 20K7.6%5.3%3.8%
 Income between 20K and 30K7.0%9.2%8.1%
 Income between 30K and 40K9.1%10.0%8.0%
 Income between 40K and 50K7.6%11.6%7.6%
 Income between 50K and 60K4.0%10.2%7.2%
 Income between 60K and 75K19.9%9.6%9.6%
 Income between 75K and 100K12.4%12.5%12.8%
 Income between 100K and 150K16.3%14.1%16.3%
 Income between 150K and 200K6.4%5.8%7.8%
 Income greater than 200K3.3%3.2%9.5%
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 Population By Occupation
 Lake City, MNDecorah, IAUnited States
 Management, business, finance14.0%16.7%16.4%
 Engineering, computers, science5.1%2.6%6.5%
 Community, social services2.5%2.0%1.8%
 Legal0.0%0.4%1.2%
 Education, library5.9%13.0%6.2%
 Arts, design, media, sports, entertainment0.9%2.6%2.0%
 Healthcare practitioners and technology10.2%2.8%6.2%
 Healthcare support6.0%3.2%3.3%
 Firefighters, law enforcement1.2%1.5%2.1%
 Food preparation, serving6.5%8.3%5.4%
 Building maintenance2.5%6.1%3.6%
 Personal care2.9%4.3%2.6%
 Sales, office, administrative support17.6%20.5%20.9%
 Farming, fishing, forestry0.4%0.3%0.6%
 Construction, extraction, maintenance/repair4.6%6.6%8.1%
 Production, transportation, material moving19.7%9.2%13.1%

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Reviews for Lake City    1 Reviews

Lake City MN is a beautiful area on the Mississippi river surrounded by bluffs. If you like the small town atmosphere, this is the place to live. The eagles can be seen  More

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Reviews for Decorah    3 Reviews

ridiculously expensive housing for such a small town. The wages in the town do not even remotely compensate for the high cost of housing. Average housing prices start  More

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Over 14 years ago

I have been a resident of Decorah, IA for 26 years. Decorah is located in the northeast corner of Iowa. When we entertain out of town guests they always comment how  More

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Over 14 years ago

This college has the most extensive music program of any liberal arts college around, has a strong connection to public radio, and Decorah is reputed to be a lovely  More

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ZIPS IN LAKE CITY, MINNESOTA
55041
ZIPS IN DECORAH, IOWA
52101

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