Living in Lake Park, North Carolina
Cost of living, income, home prices, rent and demographics of Lake Park · Census data 2020–2024
Lake Park has 3,431 residents with a median age of 43.6. The median household income is $66,411 (8% lower than the North Carolina median), the median home value is $334,500, the median rent is $2,040/month.
Lake Park at a glance
- Population
- 3,431
- Median age
- 43.6State: 39.1
- Median household income
- $66,411State: $72,388
- Median home value
- $334,500State: $288,900
- Median rent
- $2,040/moState: $1,228
- Homeowners
- 78.1%
- Bachelor's degree or higher
- 41.4%
- Average commute
- 31 min
Is Lake Park a good place to live?
Pros: Unemployment of 3.5%; a poverty rate of 8%.
Cons: Median household income 8% lower than the North Carolina median; home values 16% higher than the state median; an average commute of 31 minutes.
The weather is best in April–May and September–October.
Cost of living in Lake Park
Housing is the biggest part of the cost of living. In Lake Park the median home value is $334,500, about the same as the U.S. median. Renters pay a median of $2,040 per month, which is 51% of household income. Homeowners with a mortgage pay $1,544 a month in housing costs.
Lake Park median household income
The median household income in Lake Park is $66,411 and the income per person is $35,726. 8% of residents live below the poverty line (North Carolina: 13%).
Housing in Lake Park: homes for sale and rent
- Housing units
- 1,407
- Owner-occupied
- 78.1%
- Renter-occupied
- 21.9%
- Vacant
- 3.1%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.44
Lake Park demographics
- Population
- 3,431
- Median age
- 43.6
- Under 18
- 19.5%
- 65 and older
- 25.3%
- Households
- 1,363
- Foreign-born
- 17.4%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Park ›
Education in Lake Park
41.4% of adults 25 and older in Lake Park have a bachelor's degree or higher (North Carolina: 35.7%), and 13.9% have a graduate or professional degree.
Jobs and commute in Lake Park
- Unemployment rate
- 3.5%State: 4.7%
- Average commute
- 31 minState: 25 min
- Work from home
- 19.5%
- Drive alone
- 70.7%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 97.3%
Lake Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Park | 3,431 | $66,411 | $334,500 | $2,040 |
| Indian Trail | 42,036 | $108,483 | $385,000 | $2,077 |
| Hemby Bridge | 2,096 | $71,688 | $298,400 | $1,544 |
| Stallings | 16,886 | $115,974 | $428,000 | $1,882 |
| Matthews | 30,577 | $108,611 | $445,100 | $1,764 |
| Wesley Chapel | 9,090 | $132,188 | $535,500 | $3,191 |
| Mint Hill | 27,556 | $100,860 | $428,900 | $1,528 |
| Unionville | 6,954 | $96,028 | $336,200 | $978 |
| Monroe | 36,759 | $72,540 | $309,100 | $1,246 |
More for people moving to Lake Park
Lake Park ZIP code ›Weather and climate ›Living in Lake Park: FAQ
What is the median household income in Lake Park, NC?
The median household income in Lake Park is $66,411, 8% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Park?
The median home value in Lake Park is $334,500, compared with $288,900 in North Carolina.
How much is rent in Lake Park?
The median gross rent in Lake Park is $2,040 per month, about 51% of household income.
Is Lake Park, NC a good place to live?
Pluses: unemployment of 3.5%; a poverty rate of 8%. Minuses: median household income 8% lower than the North Carolina median; home values 16% higher than the state median; an average commute of 31 minutes.
What is the median age in Lake Park?
The median age in Lake Park is 43.6 years (North Carolina: 39.1).
How long is the commute in Lake Park?
The average commute to work in Lake Park is 31 minutes; 19.5% of workers work from home.
What is the unemployment rate in Lake Park?
The unemployment rate in Lake Park is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Park?
41.4% of adults in Lake Park 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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