Living in Lake Shore, Maryland
Cost of living, income, home prices, rent and demographics of Lake Shore · Census data 2020–2024
Lake Shore has 18,249 residents with a median age of 42.1. The median household income is $130,689 (26% higher than the Maryland median), the median home value is $473,600, the median rent is $1,806/month.
Lake Shore at a glance
- Population
- 18,249
- Median age
- 42.1State: 39.4
- Median household income
- $130,689State: $103,678
- Median home value
- $473,600State: $419,900
- Median rent
- $1,806/moState: $1,705
- Homeowners
- 90.9%
- Bachelor's degree or higher
- 36.4%
- Average commute
- 31 min
Is Lake Shore a good place to live?
Pros: Median household income 26% higher than the Maryland median; an average commute of 31 minutes; unemployment of 3.8%; a poverty rate of 6.4%.
Cons: Home values 13% higher than the state median.
The weather is best in May–June and September–October.
Cost of living in Lake Shore
Housing is the biggest part of the cost of living. In Lake Shore the median home value is $473,600, 42% higher than the U.S. median. Renters pay a median of $1,806 per month, which is 28% of household income. Homeowners with a mortgage pay $2,428 a month in housing costs.
Lake Shore median household income
The median household income in Lake Shore is $130,689 and the income per person is $62,711. 6.4% of residents live below the poverty line (Maryland: 9.4%).
Housing in Lake Shore: homes for sale and rent
- Housing units
- 7,409
- Owner-occupied
- 90.9%
- Renter-occupied
- 9.1%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.67
Lake Shore demographics
- Population
- 18,249
- Median age
- 42.1
- Under 18
- 21.7%
- 65 and older
- 18.9%
- Households
- 6,818
- Foreign-born
- 4.7%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Shore ›
Education in Lake Shore
36.4% of adults 25 and older in Lake Shore have a bachelor's degree or higher (Maryland: 43.4%), and 14.5% have a graduate or professional degree.
Jobs and commute in Lake Shore
- Unemployment rate
- 3.8%State: 4.9%
- Average commute
- 31 minState: 31 min
- Work from home
- 15.3%
- Drive alone
- 79.4%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 97.3%
Lake Shore vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Shore | 18,249 | $130,689 | $473,600 | $1,806 |
| Arnold | 24,303 | $141,639 | $564,200 | $2,158 |
| Severna Park | 40,228 | $169,953 | $647,200 | $1,699 |
| Cape St. Claire | 9,236 | $136,111 | $488,200 | $2,031 |
| Herald Harbor | 2,430 | $147,778 | $598,600 | $2,481 |
| Riviera Beach | 12,192 | $112,672 | $350,300 | $1,972 |
| Pasadena | 34,309 | $129,727 | $423,400 | $2,393 |
| Arden on the Severn | 1,761 | $125,484 | $478,700 | $2,139 |
| Crownsville | 1,756 | $201,550 | $997,700 | — |
More for people moving to Lake Shore
Lake Shore ZIP code ›Weather and climate ›Living in Lake Shore: FAQ
What is the median household income in Lake Shore, MD?
The median household income in Lake Shore is $130,689, 26% 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 Shore?
The median home value in Lake Shore is $473,600, compared with $419,900 in Maryland.
How much is rent in Lake Shore?
The median gross rent in Lake Shore is $1,806 per month, about 28% of household income.
Is Lake Shore, MD a good place to live?
Pluses: median household income 26% higher than the Maryland median; an average commute of 31 minutes; unemployment of 3.8%; a poverty rate of 6.4%. Minuses: home values 13% higher than the state median.
What is the median age in Lake Shore?
The median age in Lake Shore is 42.1 years (Maryland: 39.4).
How long is the commute in Lake Shore?
The average commute to work in Lake Shore is 31 minutes; 15.3% of workers work from home.
What is the unemployment rate in Lake Shore?
The unemployment rate in Lake Shore is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Shore?
36.4% of adults in Lake Shore 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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