Pros and Cons of Living In Lake Arbor, Maryland. Is Lake Arbor, MD a Nice Place To Live or Retire?

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Lake Arbor, Maryland

Moving to Lake Arbor In Maryland ? Is Lake Arbor, MD a Nice Place To Live? Pros and Cons of Living in Lake Arbor, Maryland. Find out the best and worst about to live, raise a family or retire in Lake Arbor.

DEMOGRAPHICS

Population
13720
Unemployment
2.6%
45% NAT AVG.
Poverty
3.6%
74% NAT AVG.
Cost Of Living
130
30% NAT AVG.

ECONOMICS

Median Home Cost
$343300
49% NAT AVG.
Median Income
$108750
61% NAT AVG.
Median Rent
$1943
68% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 28
Unemployed People
1 in 38
People Earning < $10,000
1 in 67
People Earning < $50,000
12.5%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Lake Arbor USA
White 6.1% 60.1%
African American 88.1% 12.2%
American Indian 0% 0.6%
Asian 1.5% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 1.7% 18.2%
Other 0.7% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lake Arbor USA
Less than $10,000 1.5% 5.8%
$10,000 to $14,999 1% 4.1%
$15,000 to $24,999 3% 8.5%
$25,000 to $34,999 2.6% 8.6%
$35,000 to $49,999 4.4% 12.0%
$50,000 to $74,999 13.5% 17.2%
$75,000 to $99,999 16.7% 12.8%
$100,000 to $149,999 31.1% 15.6%
$150,000 to $199,999 14.4% 7.1%

EDUCATION

Education Lake Arbor USA
< 9th Grade 1% 5.0%
9-12th Grade 3% 7.0%
High School or GED 16% 27.0%
Other College 19% 20.0%
Associate's Degree 4% 9%
Bachelor's Degree 30% 20.0%
Master's Degree 21% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 3% 1.0%
Lake Arbor is a city in Maryland state in USA with a population of 13720 residents.. The poverty rate of Lake Arbor is 3.6%, which is 74% lower than national average. The typical household in Lake Arbor earns $108750 a year, compared to the national median of $67,500. Nearly 12.5% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Lake Arbor remained 2.6%, which is 45% lower than national rate.

Cost of living in Lake Arbor is 130, which is 30% higher than national average. In Lake Arbor, only 57% of adults have a bachelor's degree and 23% have some college but no degree. Median home value in Lake Arbor is $343300 , which is 49% higher than national average. While median income in Lake Arbor remained $108750, which is 61% 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.
Lake Arbor Scorecard

Jobs90%

Housing90%

Affordability60%

Safety90%

Amenities90%

Diversity60%

Education90%

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