Living in Lake, Pennsylvania
Cost of living, income, home prices, rent and demographics of Lake · Census data 2020–2024
Lake has 4,897 residents with a median age of 57.9. The median household income is $59,873 (23% lower than the Pennsylvania median), the median home value is $198,700, the median rent is $1,464/month.
Lake at a glance
- Population
- 4,897
- Median age
- 57.9State: 40.9
- Median household income
- $59,873State: $77,971
- Median home value
- $198,700State: $254,500
- Median rent
- $1,464/moState: $1,209
- Homeowners
- 84.2%
- Bachelor's degree or higher
- 15.6%
- Average commute
- 39 min
Is Lake a good place to live?
Pros: Home values 22% lower than the state median.
Cons: Median household income 23% lower than the Pennsylvania median; an average commute of 39 minutes; unemployment of 8.8%; a poverty rate of 12.3%.
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 $198,700, 40% lower than the U.S. median. Renters pay a median of $1,464 per month, which is 51% of household income. Homeowners with a mortgage pay $1,687 a month in housing costs.
Lake median household income
The median household income in Lake is $59,873 and the income per person is $34,495. 12.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Lake: homes for sale and rent
- Housing units
- 3,791
- Owner-occupied
- 84.2%
- Renter-occupied
- 15.8%
- Vacant
- 49.7%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.51
49.7% of homes are vacant most of the year, a sign that Lake has many vacation and second homes.
Lake demographics
- Population
- 4,897
- Median age
- 57.9
- Under 18
- 8.2%
- 65 and older
- 34.4%
- Households
- 1,907
- Foreign-born
- 6.4%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake ›
Education in Lake
15.6% of adults 25 and older in Lake have a bachelor's degree or higher (Pennsylvania: 35.2%), and 4.5% have a graduate or professional degree.
Jobs and commute in Lake
- Unemployment rate
- 8.8%State: 5.3%
- Average commute
- 39 minState: 26 min
- Work from home
- 5.4%
- Drive alone
- 73.1%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 82.1%
Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake | 4,897 | $59,873 | $198,700 | $1,464 |
| The Hideout | 2,432 | $48,045 | $205,600 | — |
| South Canaan | 1,855 | $77,273 | $281,600 | $892 |
| Salem | 4,144 | $61,659 | $241,400 | $1,073 |
| Paupack | 3,714 | $75,302 | $345,000 | $1,572 |
| Jefferson | 3,828 | $92,234 | $274,000 | $740 |
| Cherry Ridge | 2,090 | $80,250 | $279,800 | $892 |
| Indian Rocks | 375 | $106,250 | $313,000 | — |
| Mount Cobb | 2,065 | $105,577 | $289,800 | — |
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 $59,873, 23% 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 $198,700, compared with $254,500 in Pennsylvania.
How much is rent in Lake?
The median gross rent in Lake is $1,464 per month, about 51% of household income.
Is Lake, PA a good place to live?
Pluses: home values 22% lower than the state median. Minuses: median household income 23% lower than the Pennsylvania median; an average commute of 39 minutes; unemployment of 8.8%; a poverty rate of 12.3%.
What is the median age in Lake?
The median age in Lake is 57.9 years (Pennsylvania: 40.9).
How long is the commute in Lake?
The average commute to work in Lake is 39 minutes; 5.4% of workers work from home.
What is the unemployment rate in Lake?
The unemployment rate in Lake is 8.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake?
15.6% 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.
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