Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
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.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Located in the state of Louisiana, Lake Providence is a small-sized city with a population of 2,652 residents. According to Census, the majority (83%) of Lake Providence residents identify as Black or African American followed by 17% White and 0% Asian. With an average age of 26 years old, Lake Providence could be a great place to live for young adults as this age is well below the national average. Lake Providence is very likely to be a great place to live for singles as only 49%, of the population (over fifteen) are classified as married. If you are not a fan of long commutes, you will enjoy living in Lake Providence. With an average one way commute time of only 13 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Are you trying to decide if living in Lake Providence is the right fit for your lifestyle? To ensure a positive experience before relocating to any new city in Louisiana, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Lake Providence, AreaVibes has created a livability score using key metrics like crime, cost of living, commute, employment and more.
Lake Providence has a livability score of 64 out of 100 and is ranked #137 in Louisiana and #12,899 in the USA. If we dig a little deeper into each category within the livability score, we see that Lake Providence has higher than average rankings for the following: crime (A+) and housing (B). Lake Providence does not rank well for the following: amenities (F), education (D-) and employment (F). It might be wise to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Lake Providence, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 0.8% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lake Providence market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Lake Providence 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 Providence. Median real estate prices in Lake Providence come in at $76,921, which is 71.3% lower than the Louisiana average. The home price to income ratio compares the median home prices to the median household income. In Lake Providence, the home price to income ratio is 2.7, which is 32.5% lower than the Louisiana average.
| Statistic | Lake Providence | Louisiana | National |
| Average one way commute | 13min | 25min | 26min |
| Workers who drive to work | 91.5% | 82.6% | 76.4% |
| Workers who carpool | 3.2% | 9.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.3% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 0.9% | 1.8% | 2.8% |
| Working from home | 0.0% | 2.6% | 4.6% |
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