Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Schools
A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Lake Arbor is a moderately-sized city located in the state of Maryland. The city has a population of 13,720 residents. With a population density of 3,433 people per square mile, Lake Arbor is well above the nation's average density level. According to Census, the majority (88%) of Lake Arbor residents identify as Black or African American followed by 7% White and 1% Asian. In Lake Arbor, only 39% of people over the age of fifteen are married. This city could be a good option for singles ready to mingle. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lake Arbor entails a longer-than-average one-way commute time, averaging 39 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Lake Arbor could be a positive experience compared to other cities in Maryland if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like crime, commute, employment and other key data points, finding the best places to live in Lake Arbor and in the areas around Lake Arbor is a much easier task.
Lake Arbor, MD receives 77 out of 100 for its livability score; this results in a ranking of #65 in Maryland and #2,120 in the USA. Based on this score, Lake Arbor would be considered a very livable city! Lake Arbor has also earned the rare honor of ranking in the top 10 percentile among all cities. If we dig a little deeper into each category within the livability score, we see that Lake Arbor has higher than average rankings for the following: education (A) and housing (A+). There is at least one category that does not have great scores in Lake Arbor. The following was graded with a less than perfect score: amenities (F) and cost of living (F).
The unemployment rate in Lake Arbor has consistently declined over the years and currently stands well below the national average at 1.91%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lake Arbor excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Lake Arbor real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Lake Arbor. Median real estate prices in Lake Arbor come in at $343,300, which is 18.2% higher than the Maryland average. The home price to income ratio compares the median home prices to the median household income. In Lake Arbor, the home price to income ratio is 3.2, which is 15.8% lower than the Maryland average.
| Statistic | Lake Arbor | Maryland | National |
| Average one way commute | 39min | 32min | 26min |
| Workers who drive to work | 69.2% | 73.7% | 76.4% |
| Workers who carpool | 5.1% | 9.3% | 9.3% |
| Workers who take public transit | 18.8% | 8.9% | 5.1% |
| Workers who bicycle | 0.4% | 0.3% | 0.6% |
| Workers who walk | 0.2% | 2.4% | 2.8% |
| Working from home | 5.6% | 4.4% | 4.6% |
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