Lake Montezuma is a city in Arizona state in USA with a population of 4329 residents..
The poverty rate of Lake Montezuma is 22.2%, which is 59% higher than national average.
The typical household in Lake Montezuma earns $39883 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 12 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59% of households earn less than $50,000 a year compared to 39% national rate.
With a lack of available jobs, many in Lake Montezuma are struggling financially. Nearly one in every 1 in every 9 workers in Lake Montezuma is unemployed.
The unemployment rate of Lake Montezuma remained 11.7%, which is 149% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Lake Montezuma is 97, which is 3% lower than national average.
In Lake Montezuma, only 18% of adults have a bachelor's degree and 44% have some college but no degree.
Median home value in Lake Montezuma is $164400 , which is 28% lower than national average.
While median income in Lake Montezuma remained $39883, which is 41% lower than national average.