Living in Lake Point, Utah
Cost of living, income, home prices, rent and demographics of Lake Point · Census data 2020–2024
Lake Point has 2,563 residents with a median age of 27.5. The median household income is $137,367 (44% higher than the Utah median), the median home value is $604,300.
Lake Point at a glance
- Population
- 2,563
- Median age
- 27.5State: 32
- Median household income
- $137,367State: $95,166
- Median home value
- $604,300State: $489,400
- Homeowners
- 86.6%
- Bachelor's degree or higher
- 32.1%
- Average commute
- 29 min
Is Lake Point a good place to live?
Pros: Median household income 44% higher than the Utah median; unemployment of 1.1%; a poverty rate of 2%.
Cons: Home values 23% higher than the state median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Lake Point
Housing is the biggest part of the cost of living. In Lake Point the median home value is $604,300, 82% higher than the U.S. median. Renters pay a median of — per month, which is 26.5% of household income. Homeowners with a mortgage pay $2,423 a month in housing costs.
Lake Point median household income
The median household income in Lake Point is $137,367 and the income per person is $60,941. 2% of residents live below the poverty line (Utah: 8.5%).
Housing in Lake Point: homes for sale and rent
- Housing units
- 666
- Owner-occupied
- 86.6%
- Renter-occupied
- 13.4%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 2009
- Average household size
- 3.85
Lake Point demographics
- Population
- 2,563
- Median age
- 27.5
- Under 18
- 37%
- 65 and older
- 4.2%
- Households
- 666
- Foreign-born
- 2.2%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Point ›
Education in Lake Point
32.1% of adults 25 and older in Lake Point have a bachelor's degree or higher (Utah: 37.7%), and 9.7% have a graduate or professional degree.
Jobs and commute in Lake Point
- Unemployment rate
- 1.1%State: 3.6%
- Average commute
- 29 minState: 22 min
- Work from home
- 26.8%
- Drive alone
- 57%
- Public transit
- 1.5%
- Walk to work
- 0.6%
- Homes with broadband
- 97.1%
Lake Point vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Point | 2,563 | $137,367 | $604,300 | — |
| Stansbury Park | 11,242 | $126,526 | $481,900 | $1,707 |
| Erda | 3,881 | $148,676 | $658,800 | $1,808 |
| Magna | 30,031 | $90,346 | $376,200 | $1,625 |
| Tooele | 38,405 | $96,221 | $381,400 | $1,214 |
| Grantsville | 14,341 | $101,349 | $488,200 | $1,166 |
| Copperton | 1,060 | $83,000 | $397,300 | $1,356 |
| West Valley City | 138,437 | $92,209 | $419,100 | $1,504 |
| Kearns | 37,696 | $86,968 | $373,700 | $1,744 |
More for people moving to Lake Point
Lake Point ZIP code ›Weather and climate ›Living in Lake Point: FAQ
What is the median household income in Lake Point, UT?
The median household income in Lake Point is $137,367, 44% higher than the Utah median of $95,166 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Point?
The median home value in Lake Point is $604,300, compared with $489,400 in Utah.
Is Lake Point, UT a good place to live?
Pluses: median household income 44% higher than the Utah median; unemployment of 1.1%; a poverty rate of 2%. Minuses: home values 23% higher than the state median; an average commute of 29 minutes.
What is the median age in Lake Point?
The median age in Lake Point is 27.5 years (Utah: 32).
How long is the commute in Lake Point?
The average commute to work in Lake Point is 29 minutes; 26.8% of workers work from home.
What is the unemployment rate in Lake Point?
The unemployment rate in Lake Point is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Point?
32.1% of adults in Lake Point 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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