Another notable thing is that Lake is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the town experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller town.
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.
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.
