Lake Arbor, Maryland
Moving to or Living in Lake Arbor Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Lake Arbor, Maryland
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Explore the life in Lake Arbor based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.
About Lake Arbor, Maryland
Is Lake Arbor, Maryland a good place to live?
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.
A high school education is a basic prerequisite for most jobs, and in Lake Arbor, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lake Arbor remained 2.6%, which is 45% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lake Arbor, only 57% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Lake Arbor is 130, which is 30% higher than national average. 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.
A high school education is a basic prerequisite for most jobs, and in Lake Arbor, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lake Arbor remained 2.6%, which is 45% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lake Arbor, only 57% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Lake Arbor is 130, which is 30% higher than national average. 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.
Population
13720
Unemployment
2.6%
Poverty
3.6%
Overall Score
6
Median Home
$343300
49%
NAT AVG.
Median Income
$108750
61%
NAT AVG.
Median Rent
$1943
68%
NAT AVG.
Cost Of Living
130
30%
NAT AVG.
People Living BPL
1 in 28
Unemployed People
1 in 38
People Earning < $10,000
1 in 67
People Earning < $50,000
12.5%
People with <= High School
1 in 5
People With Any Degree
1 in 1.6
Pros & Cons Overview
Jobs90%
Housing90%
Affordability60%
Safety90%
Amenities90%
Diversity60%
Education90%
Commute30%
Cost of Living
| Expense | Lake Arbor | Maryland | National Avg. |
|---|---|---|---|
| Services | 124 | 111 | 100 |
| Groceries | 118 | 114 | 100 |
| Health | 92 | 84 | 100 |
| Housing | 165 | 151 | 100 |
| Transportation | 107 | 109 | 100 |
| Utilities | 114 | 108 | 100 |
Cost of Living
Lake Arbor Maryland
Gender
| Gender | Lake Arbor | Maryland | Country |
|---|---|---|---|
| Female | 58.2% | 51.5% | 50.8% |
| Male | 41.8% | 48.5% | 49.2% |
Gender
Female Male
Household Income
< $10000 $10K to $15K $15K to $25K $25K to $35K $35K to $50K $50K to $75K $75K to $100K $100K to $150K $150K to $200K $200K or more
| Income | Lake Arbor | Maryland | Country |
|---|---|---|---|
| Less than $10,000 | 1.5% | 4.6% | 5.8% |
| $10,000 to $14,999 | 1% | 2.6% | 4.1% |
| $15,000 to $24,999 | 3% | 5.6% | 8.5% |
| $25,000 to $34,999 | 2.6% | 6.1% | 8.6% |
| $35,000 to $49,999 | 4.4% | 9.3% | 12.0% |
| $50,000 to $74,999 | 13.5% | 15.2% | 17.2% |
| $75,000 to $99,999 | 16.7% | 13% | 12.8% |
| $100,000 to $149,999 | 31.1% | 19.3% | 15.6% |
| $150,000 to $199,999 | 14.4% | 10.8% | 7.1% |
| $200,000 or more | 11.8% | 13.4% | 8.3% |
Education
< 9th Grade 9-12th Grade High School or GED Other College Associate Degree Bachelor Degree Masters Degree Professional Degree Doctorate Degree
| Education | Lake Arbor | Maryland | Country |
|---|---|---|---|
| < 9th Grade | 1% | 3% | 5.0% |
| 9-12th Grade | 3% | 6% | 7.0% |
| High School or GED | 16% | 24% | 27.0% |
| Other College | 19% | 19% | 20.0% |
| Associate's Degree | 4% | 7% | 9% |
| Bachelor's Degree | 30% | 22% | 20.0% |
| Master's Degree | 21% | 13% | 9.0% |
| Professional Degree | 3% | 3% | 2.0% |
| Doctorate Degree | 3% | 3% | 1.0% |
Household Income
Lake Arbor Maryland Country
Education
Lake Arbor Maryland Country
Race / Ethnicity
White African American American Indian Asian Hispanic Hawaiian Mixed Other
| Ethnicity | Lake Arbor | Maryland | Country |
|---|---|---|---|
| White | 6.1% | 50.2% | 60.1% |
| African American | 88.1% | 29.4% | 12.2% |
| American Indian | 0% | 0.2% | 0.6% |
| Asian | 1.5% | 6.3% | 5.6% |
| Hawaiian | 0% | 0% | 0.2% |
| Other | 0.7% | 0.4% | 0.3% |
| Multiracial | 1.8% | 3.3% | 2.8% |
| Hispanic | 1.7% | 10.3% | 18.2% |
Race / Ethnicity
Lake Arbor Maryland Country