Is Lake Montezuma, Arizona a Good Place To Live? - Living In Lake Montezuma, AZ

Is Lake Montezuma, Arizona a good place to live?
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 high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Lake Montezuma, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. 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. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lake Montezuma, only 18% of adults have a bachelor's degree and 44% have some college but no degree.

Cost of living in Lake Montezuma is 97, which is 3% lower than national average. 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.
Population
4329
Unemployment
11.7%
149% NAT AVG.
Poverty
22.2%
59% NAT AVG.
Overall Score
5
Median Home Cost
$164400
28% NAT AVG.
Median Income
$39883
41% NAT AVG.
Median Rent
$894
23% NAT AVG.
Cost Of Living
97
3% NAT AVG.
People Living BPL
1 in 5
Unemployed People
1 in 9
People Earning < $10,000
1 in 12
People Earning < $50,000
59%
People with <= High School
1 in 2.6
People With Any Degree
1 in 4.2
Pros & Cons Overview

Jobs40%

Housing80%

Affordability40%

Safety60%

Amenities60%

Diversity80%

Education70%

Commute60%