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

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Lake Shore, Maryland

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

DEMOGRAPHICS

Population
18523
Unemployment
3.9%
17% NAT AVG.
Poverty
4.8%
66% NAT AVG.
Cost Of Living
127
27% NAT AVG.

ECONOMICS

Median Home Cost
$404600
76% NAT AVG.
Median Income
$111940
66% NAT AVG.
Median Rent
$1561
35% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 21
Unemployed People
1 in 26
People Earning < $10,000
1 in 32
People Earning < $50,000
18.9%
People With Any Degree
1 in 2.4

ETHNICITY

Ethnicity Lake Shore USA
White 86.9% 60.1%
African American 3% 12.2%
American Indian 0.6% 0.6%
Asian 1.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 3% 2.8%
Hispanic 4.7% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lake Shore USA
Less than $10,000 3.1% 5.8%
$10,000 to $14,999 0.7% 4.1%
$15,000 to $24,999 5.4% 8.5%
$25,000 to $34,999 3% 8.6%
$35,000 to $49,999 6.7% 12.0%
$50,000 to $74,999 14.8% 17.2%
$75,000 to $99,999 10.4% 12.8%
$100,000 to $149,999 23.8% 15.6%
$150,000 to $199,999 14.9% 7.1%

EDUCATION

Education Lake Shore USA
< 9th Grade 2% 5.0%
9-12th Grade 4% 7.0%
High School or GED 29% 27.0%
Other College 24% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 19% 20.0%
Master's Degree 11% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Lake Shore remained 3.9%, which is 17% lower than national rate.

Cost of living in Lake Shore is 127, which is 27% higher than national average. In Lake Shore, only 32% of adults have a bachelor's degree and 33% have some college but no degree. 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.
Lake Shore Scorecard

Jobs85%

Housing90%

Affordability70%

Safety85%

Amenities85%

Diversity60%

Education85%

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