Laurel Lake 57 Below average
Laurel Lake Livability #507 ranked city in New Jersey#21,868 ranked city in the USARanks better than 25% of areas

Pros and Cons of Living in Laurel Lake

PROS
  • 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.

  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • 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.

CONS
  • 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.

  • Health & Safety

    Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.

  • 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.

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What's it like Living in Laurel Lake?

Laurel Lake, New Jersey is a smaller city with a population of 2,661 people. At 84%, the majority of the Laurel Lake population is White; this is followed by 2% American Indian and Alaskan and 1% Black. Single men and women might be happy to hear that in Laurel Lake, only 46% of the population is married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Laurel Lake your home, your one-way commute time will typically last around 26 minutes, a duration that aligns with the national average commute time of 26 minutes.

Without the right tools, moving to any new city can be very stressful and challenging. Living in Laurel Lake, New Jersey could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, commute, housing and other key data points, finding the best places to live in Laurel Lake and in the areas around Laurel Lake is a much easier task.

Laurel Lake, NJ receives 56 out of 100 for its livability score; this results in a ranking of #510 in New Jersey and #21,596 in the USA. This is a poor rating when compared to the average of other places in the country. If we dig a little deeper into each category within the livability score, we see that Laurel Lake has higher than average grades for the following: crime (A+), cost of living (B+) and housing (B+). Unfortunately for Laurel Lake, there are some categories for which it does not rank well, this includes: amenities (F), education (F) and employment (F).

A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Laurel Lake has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.

Laurel Lake 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 Laurel Lake. Median real estate prices in Laurel Lake come in at $108,700, which is 65.6% lower than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Laurel Lake, the home price to income ratio is 2.7, which is 37.2% lower than the New Jersey average.

Best Places to Live in and Around Laurel Lake

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Compare Laurel Lake, NJ Livability

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      Laurel Lake transportation information

      Statistic Laurel Lake New Jersey National
      Average one way commute26min31min26min
      Workers who drive to work85.5%71.7%76.4%
      Workers who carpool10.8%8.1%9.3%
      Workers who take public transit0.0%11.2%5.1%
      Workers who bicycle0.0%0.3%0.6%
      Workers who walk0.0%3.0%2.8%
      Working from home0.0%4.1%4.6%
      Source: The Laurel Lake, NJ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).