Is Lake Shore, Maryland a Good Place To Live? - Living In Lake Shore, MD

Is Lake Shore, Maryland a good place to live?
Lake Shore is a city in Maryland state in USA with a population of 18523 residents.. The poverty rate of Lake Shore is 4.8%, which is 66% lower than national average. The typical household in Lake Shore earns $111940 a year, compared to the national median of $67,500. Nearly 18.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Lake Shore, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lake Shore remained 3.9%, which is 17% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lake Shore, only 32% of adults have a bachelor's degree and 33% have some college but no degree.

Cost of living in Lake Shore is 127, which is 27% higher than national average. Median home value in Lake Shore is $404600 , which is 76% higher than national average. While median income in Lake Shore remained $111940, which is 66% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
18523
Unemployment
3.9%
17% NAT AVG.
Poverty
4.8%
66% NAT AVG.
Overall Score
6
Median Home Cost
$404600
76% NAT AVG.
Median Income
$111940
66% NAT AVG.
Median Rent
$1561
35% NAT AVG.
Cost Of Living
127
27% NAT AVG.
People Living BPL
1 in 21
Unemployed People
1 in 26
People Earning < $10,000
1 in 32
People Earning < $50,000
18.9%
People with <= High School
1 in 2.9
People With Any Degree
1 in 2.4
Pros & Cons Overview

Jobs85%

Housing90%

Affordability70%

Safety85%

Amenities85%

Diversity60%

Education85%

Commute30%