sentences:  The per capita income for the town was $14,126.About 11.4% of families and 14.6% of the population were below the poverty line, including 21.1% of those under age 18 and 9.1% of those age 65 or over.Lake City is part of the Riverside School District, formed as a result of consolidation with the Lake City School District with that of nearby Caraway on July 1, 1985.