Living in Lakemont, Pennsylvania
Cost of living, income, home prices, rent and demographics of Lakemont · Census data 2020–2024
Lakemont has 1,644 residents with a median age of 61.9. The median household income is $52,955 (32% lower than the Pennsylvania median), the median home value is $157,100, the median rent is $926/month.
Lakemont at a glance
- Population
- 1,644
- Median age
- 61.9State: 40.9
- Median household income
- $52,955State: $77,971
- Median home value
- $157,100State: $254,500
- Median rent
- $926/moState: $1,209
- Homeowners
- 68.1%
- Bachelor's degree or higher
- 25.9%
- Average commute
- 22 min
Is Lakemont a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 22 minutes; unemployment of 2.6%.
Cons: Median household income 32% lower than the Pennsylvania median; a poverty rate of 13.1%.
The weather is best in June to September.
Cost of living in Lakemont
Housing is the biggest part of the cost of living. In Lakemont the median home value is $157,100, 53% lower than the U.S. median. Renters pay a median of $926 per month, which is 49.1% of household income. Homeowners with a mortgage pay $1,152 a month in housing costs.
Lakemont median household income
The median household income in Lakemont is $52,955 and the income per person is $34,199. 13.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Lakemont: homes for sale and rent
- Housing units
- 855
- Owner-occupied
- 68.1%
- Renter-occupied
- 31.9%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 1.79
Lakemont demographics
- Population
- 1,644
- Median age
- 61.9
- Under 18
- 11.9%
- 65 and older
- 42.9%
- Households
- 792
- Foreign-born
- 1.8%
- Veterans
- 7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakemont ›
Education in Lakemont
25.9% of adults 25 and older in Lakemont have a bachelor's degree or higher (Pennsylvania: 35.2%), and 13% have a graduate or professional degree.
Jobs and commute in Lakemont
- Unemployment rate
- 2.6%State: 5.3%
- Average commute
- 22 minState: 26 min
- Work from home
- 12.1%
- Drive alone
- 75.1%
- Public transit
- 3.7%
- Walk to work
- 0%
- Homes with broadband
- 74.1%
Lakemont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakemont | 1,644 | $52,955 | $157,100 | $926 |
| Sylvan Hills | 578 | $88,882 | $325,500 | — |
| Hollidaysburg | 5,558 | $69,458 | $196,100 | $1,085 |
| Cross Keys | 420 | $42,500 | — | $1,153 |
| Fort Fetter | 218 | $76,250 | $172,700 | — |
| Eldorado | 476 | $66,938 | $166,500 | — |
| Geeseytown | 156 | $106,193 | $188,100 | — |
| Sunbrook | 440 | $75,956 | $205,900 | — |
| Loop | 2,039 | $91,818 | $245,300 | — |
More for people moving to Lakemont
Lakemont ZIP code ›Weather and climate ›Living in Lakemont: FAQ
What is the median household income in Lakemont, PA?
The median household income in Lakemont is $52,955, 32% 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 Lakemont?
The median home value in Lakemont is $157,100, compared with $254,500 in Pennsylvania.
How much is rent in Lakemont?
The median gross rent in Lakemont is $926 per month, about 49.1% of household income.
Is Lakemont, PA a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 22 minutes; unemployment of 2.6%. Minuses: median household income 32% lower than the Pennsylvania median; a poverty rate of 13.1%.
What is the median age in Lakemont?
The median age in Lakemont is 61.9 years (Pennsylvania: 40.9).
How long is the commute in Lakemont?
The average commute to work in Lakemont is 22 minutes; 12.1% of workers work from home.
What is the unemployment rate in Lakemont?
The unemployment rate in Lakemont is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakemont?
25.9% of adults in Lakemont 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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