Living in Lake Arbor, Maryland
Cost of living, income, home prices, rent and demographics of Lake Arbor · Census data 2020–2024
Lake Arbor has 14,335 residents with a median age of 44.6. The median household income is $121,211 (17% higher than the Maryland median), the median home value is $460,600, the median rent is $2,431/month.
Lake Arbor at a glance
- Population
- 14,335
- Median age
- 44.6State: 39.4
- Median household income
- $121,211State: $103,678
- Median home value
- $460,600State: $419,900
- Median rent
- $2,431/moState: $1,705
- Homeowners
- 62.9%
- Bachelor's degree or higher
- 55.9%
- Average commute
- 38 min
Is Lake Arbor a good place to live?
Pros: Median household income 17% higher than the Maryland median; a poverty rate of 4.5%.
Cons: Home values 10% higher than the state median; an average commute of 38 minutes; unemployment of 5.1%.
The weather is best in May–June and September–October.
Cost of living in Lake Arbor
Housing is the biggest part of the cost of living. In Lake Arbor the median home value is $460,600, 38% higher than the U.S. median. Renters pay a median of $2,431 per month, which is 29.9% of household income. Homeowners with a mortgage pay $2,581 a month in housing costs.
Lake Arbor median household income
The median household income in Lake Arbor is $121,211 and the income per person is $62,686. 4.5% of residents live below the poverty line (Maryland: 9.4%).
Housing in Lake Arbor: homes for sale and rent
- Housing units
- 6,709
- Owner-occupied
- 62.9%
- Renter-occupied
- 37.1%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.24
Lake Arbor demographics
- Population
- 14,335
- Median age
- 44.6
- Under 18
- 17.6%
- 65 and older
- 21.8%
- Households
- 6,340
- Foreign-born
- 19.8%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Arbor ›
Education in Lake Arbor
55.9% of adults 25 and older in Lake Arbor have a bachelor's degree or higher (Maryland: 43.4%), and 26.8% have a graduate or professional degree.
Jobs and commute in Lake Arbor
- Unemployment rate
- 5.1%State: 4.9%
- Average commute
- 38 minState: 31 min
- Work from home
- 19.2%
- Drive alone
- 65%
- Public transit
- 6%
- Walk to work
- 1.9%
- Homes with broadband
- 94.9%
Lake Arbor vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Arbor | 14,335 | $121,211 | $460,600 | $2,431 |
| Largo | 12,229 | $103,375 | $387,800 | $2,180 |
| Summerfield | 15,065 | $91,007 | $348,100 | $2,091 |
| Glenarden | 6,344 | $106,414 | $409,700 | $1,620 |
| Springdale | 5,226 | $162,171 | $474,200 | — |
| Mitchellville | 11,359 | $149,347 | $512,100 | $2,453 |
| Kettering | 14,014 | $126,938 | $418,500 | $2,297 |
| Peppermill Village | 5,238 | $85,685 | $345,900 | $845 |
| Landover | 24,514 | $72,100 | $313,900 | $1,735 |
More for people moving to Lake Arbor
Lake Arbor ZIP code ›Weather and climate ›Living in Lake Arbor: FAQ
What is the median household income in Lake Arbor, MD?
The median household income in Lake Arbor is $121,211, 17% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Arbor?
The median home value in Lake Arbor is $460,600, compared with $419,900 in Maryland.
How much is rent in Lake Arbor?
The median gross rent in Lake Arbor is $2,431 per month, about 29.9% of household income.
Is Lake Arbor, MD a good place to live?
Pluses: median household income 17% higher than the Maryland median; a poverty rate of 4.5%. Minuses: home values 10% higher than the state median; an average commute of 38 minutes; unemployment of 5.1%.
What is the median age in Lake Arbor?
The median age in Lake Arbor is 44.6 years (Maryland: 39.4).
How long is the commute in Lake Arbor?
The average commute to work in Lake Arbor is 38 minutes; 19.2% of workers work from home.
What is the unemployment rate in Lake Arbor?
The unemployment rate in Lake Arbor is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Arbor?
55.9% of adults in Lake Arbor have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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