Lake Arbor, Maryland

Moving to or Living in Lake Arbor Pros and Cons, Cost of Living, Crime Rate, Demographics

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

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.

  1. Overview - Life In Lake Arbor
  2. Pros and Cons of Living In Lake Arbor
  3. Crime In Lake Arbor
  4. Cost of Living In Lake Arbor
  5. Gender In Lake Arbor
  6. Household Income For Lake Arbor
  7. Education In Lake Arbor
  8. Race & Ethnicity In Lake Arbor
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.
Population
13720
Unemployment
2.6%
45% NAT AVG.
Poverty
3.6%
74% NAT AVG.
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
Gender
Gender Lake Arbor Maryland Country
Female 58.2% 51.5% 50.8%
Male 41.8% 48.5% 49.2%
Gender

Household Income


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


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
Education
Race / Ethnicity


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