Living in Lake, Pennsylvania
Cost of living, income, home prices, rent and demographics of Lake · Census data 2020–2024
Lake has 702 residents with a median age of 31.6. The median household income is $56,250 (28% lower than the Pennsylvania median), the median home value is $212,000, the median rent is $650/month.
Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake at a glance
- Population
- 702
- Median age
- 31.6State: 40.9
- Median household income
- $56,250State: $77,971
- Median home value
- $212,000State: $254,500
- Median rent
- $650/moState: $1,209
- Homeowners
- 86.3%
- Bachelor's degree or higher
- 26.5%
- Average commute
- 27 min
Is Lake a good place to live?
Pros: Home values 17% lower than the state median; unemployment of 0.6%.
Cons: Median household income 28% lower than the Pennsylvania median; an average commute of 27 minutes; a poverty rate of 14.1%.
The weather is best in June to September.
Cost of living in Lake
Housing is the biggest part of the cost of living. In Lake the median home value is $212,000, 36% lower than the U.S. median. Renters pay a median of $650 per month, which is 20% of household income. Homeowners with a mortgage pay $1,667 a month in housing costs.
Lake median household income
The median household income in Lake is $56,250 and the income per person is $30,459. 14.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Lake: homes for sale and rent
- Housing units
- 288
- Owner-occupied
- 86.3%
- Renter-occupied
- 13.8%
- Vacant
- 16.7%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.93
Lake demographics
- Population
- 702
- Median age
- 31.6
- Under 18
- 32.5%
- 65 and older
- 12%
- Households
- 240
- Foreign-born
- 1%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake ›
Education in Lake
26.5% of adults 25 and older in Lake have a bachelor's degree or higher (Pennsylvania: 35.2%), and 2.9% have a graduate or professional degree.
Jobs and commute in Lake
- Unemployment rate
- 0.6%State: 5.3%
- Average commute
- 27 minState: 26 min
- Work from home
- 7.8%
- Drive alone
- 71%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 74.2%
Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake | 702 | $56,250 | $212,000 | $650 |
| Stoneboro | 785 | $50,625 | $112,700 | $847 |
| Sandy Lake | 783 | $83,875 | $177,300 | $751 |
| New Vernon | 482 | $68,250 | $211,800 | $957 |
| Fairview | 913 | $61,375 | $259,700 | $923 |
| Jackson Center | 172 | $56,406 | $122,800 | $763 |
| Lake Latonka | 651 | $94,167 | $392,600 | — |
| Perry | 1,246 | $60,250 | $164,600 | $800 |
| New Lebanon | 199 | $51,250 | $163,200 | $850 |
More for people moving to Lake
Lake ZIP code ›Weather and climate ›Living in Lake: FAQ
What is the median household income in Lake, PA?
The median household income in Lake is $56,250, 28% lower than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake?
The median home value in Lake is $212,000, compared with $254,500 in Pennsylvania.
How much is rent in Lake?
The median gross rent in Lake is $650 per month, about 20% of household income.
Is Lake, PA a good place to live?
Pluses: home values 17% lower than the state median; unemployment of 0.6%. Minuses: median household income 28% lower than the Pennsylvania median; an average commute of 27 minutes; a poverty rate of 14.1%.
What is the median age in Lake?
The median age in Lake is 31.6 years (Pennsylvania: 40.9).
How long is the commute in Lake?
The average commute to work in Lake is 27 minutes; 7.8% of workers work from home.
What is the unemployment rate in Lake?
The unemployment rate in Lake is 0.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake?
26.5% of adults in Lake 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.
Last updated: