Living in Lakemore, Ohio
Cost of living, income, home prices, rent and demographics of Lakemore · Census data 2020–2024
Lakemore has 2,914 residents with a median age of 51.8. The median household income is $59,758 (16% lower than the Ohio median), the median home value is $158,400, the median rent is $1,060/month.
Lakemore at a glance
- Population
- 2,914
- Median age
- 51.8State: 39.7
- Median household income
- $59,758State: $71,389
- Median home value
- $158,400State: $214,800
- Median rent
- $1,060/moState: $1,034
- Homeowners
- 84.3%
- Bachelor's degree or higher
- 7%
- Average commute
- 21 min
Is Lakemore a good place to live?
Pros: Home values 26% lower than the state median; an average commute of 21 minutes; unemployment of 3.3%; a poverty rate of 7.2%.
Cons: Median household income 16% lower than the Ohio median.
The weather is best in May–June and August–September.
Cost of living in Lakemore
Housing is the biggest part of the cost of living. In Lakemore the median home value is $158,400, 52% lower than the U.S. median. Renters pay a median of $1,060 per month, which is 22% of household income. Homeowners with a mortgage pay $1,337 a month in housing costs.
Lakemore median household income
The median household income in Lakemore is $59,758 and the income per person is $33,548. 7.2% of residents live below the poverty line (Ohio: 13.3%).
Housing in Lakemore: homes for sale and rent
- Housing units
- 1,483
- Owner-occupied
- 84.3%
- Renter-occupied
- 15.7%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.16
Lakemore demographics
- Population
- 2,914
- Median age
- 51.8
- Under 18
- 13.5%
- 65 and older
- 28.3%
- Households
- 1,348
- Foreign-born
- 0.9%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakemore ›
Education in Lakemore
7% of adults 25 and older in Lakemore have a bachelor's degree or higher (Ohio: 31.5%), and 4.1% have a graduate or professional degree.
Jobs and commute in Lakemore
- Unemployment rate
- 3.3%State: 4.8%
- Average commute
- 21 minState: 23 min
- Work from home
- 13.6%
- Drive alone
- 75.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.4%
Lakemore vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakemore | 2,914 | $59,758 | $158,400 | $1,060 |
| Sawyerwood | 1,241 | $51,731 | $134,000 | — |
| Mogadore | 3,806 | $82,557 | $181,900 | $992 |
| Uniontown | 7,920 | $93,393 | $257,500 | $1,014 |
| Suffield | 1,126 | $61,667 | $215,600 | $1,077 |
| Green | 27,393 | $95,047 | $280,200 | $1,228 |
| Tallmadge | 18,335 | $89,410 | $232,500 | $1,067 |
| Portage Lakes | 5,913 | $64,375 | $167,000 | $1,162 |
| Hartville | 3,377 | $69,648 | $266,900 | $1,011 |
More for people moving to Lakemore
Lakemore ZIP code ›Weather and climate ›Living in Lakemore: FAQ
What is the median household income in Lakemore, OH?
The median household income in Lakemore is $59,758, 16% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lakemore?
The median home value in Lakemore is $158,400, compared with $214,800 in Ohio.
How much is rent in Lakemore?
The median gross rent in Lakemore is $1,060 per month, about 22% of household income.
Is Lakemore, OH a good place to live?
Pluses: home values 26% lower than the state median; an average commute of 21 minutes; unemployment of 3.3%; a poverty rate of 7.2%. Minuses: median household income 16% lower than the Ohio median.
What is the median age in Lakemore?
The median age in Lakemore is 51.8 years (Ohio: 39.7).
How long is the commute in Lakemore?
The average commute to work in Lakemore is 21 minutes; 13.6% of workers work from home.
What is the unemployment rate in Lakemore?
The unemployment rate in Lakemore is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakemore?
7% of adults in Lakemore 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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