Lake Arrowhead is a small-sized city located in the state of Maine. The city has a population of 2,809 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (95% White). Given that fact, Lake Arrowhead could be considered less diverse than other cities. An important consideration when living in Lake Arrowhead is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 38 minutes, far surpassing the national average of 26 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Lake Arrowhead could be a positive experience compared to other cities in Maine if you know where to search. 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. The best areas in Lake Arrowhead and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, commute, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Maine and national averages.
With a livability score of 64 out of 100, Lake Arrowhead is ranked #13,274 in the United States and #101 in Maine. Based on the scores for each individual category, Lake Arrowhead has been rewarded with high marks for crime (A+), cost of living (C+), employment (A) and housing (A+). There are some categories that Lake Arrowhead does not rank well for, including: amenities (F). It might be worth taking a closer look to figure out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lake Arrowhead, the unemployment rate stands at 1.9%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Lake Arrowhead can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lake Arrowhead. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lake Arrowhead are affordable. Median real estate prices in Lake Arrowhead come in at $303,910, which is 2.4% lower than the Maine average. The home price to income ratio compares the median home prices to the median household income. In Lake Arrowhead, the home price to income ratio is 2.8, which is 31.7% lower than the Maine average.
| Statistic | Lake Arrowhead | Maine | National |
| Average one way commute | 38min | 24min | 26min |
| Workers who drive to work | 87.5% | 78.2% | 76.4% |
| Workers who carpool | 8.5% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 0.6% | 5.1% |
| Workers who bicycle | 0.0% | 0.4% | 0.6% |
| Workers who walk | 0.0% | 4.0% | 2.8% |
| Working from home | 4.0% | 5.5% | 4.6% |
Here are the best places to live in Maine
See the best places to live in Lake Arrowhead
These are the 10 cheapest cities in Maine
These are the largest cities in Maine