Living in Lake Caroline, Virginia
Cost of living, income, home prices, rent and demographics of Lake Caroline · Census data 2020–2024
Lake Caroline has 2,862 residents with a median age of 32. The median household income is $73,000 (22% lower than the Virginia median), the median home value is $297,600, the median rent is $1,764/month.
Lake Caroline at a glance
- Population
- 2,862
- Median age
- 32State: 39
- Median household income
- $73,000State: $93,170
- Median home value
- $297,600State: $383,700
- Median rent
- $1,764/moState: $1,579
- Homeowners
- 73.1%
- Bachelor's degree or higher
- 27.9%
- Average commute
- 50 min
Is Lake Caroline a good place to live?
Pros: Home values 22% lower than the state median; unemployment of 0%.
Cons: Median household income 22% lower than the Virginia median; an average commute of 50 minutes; a poverty rate of 23.1%.
The weather is best in April–May and September–October.
Cost of living in Lake Caroline
Housing is the biggest part of the cost of living. In Lake Caroline the median home value is $297,600, 11% lower than the U.S. median. Renters pay a median of $1,764 per month, which is 37.6% of household income. Homeowners with a mortgage pay $1,640 a month in housing costs.
Lake Caroline median household income
The median household income in Lake Caroline is $73,000 and the income per person is $34,310. 23.1% of residents live below the poverty line (Virginia: 9.9%).
Housing in Lake Caroline: homes for sale and rent
- Housing units
- 1,343
- Owner-occupied
- 73.1%
- Renter-occupied
- 26.9%
- Vacant
- 15.4%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.52
Lake Caroline demographics
- Population
- 2,862
- Median age
- 32
- Under 18
- 28.8%
- 65 and older
- 12.4%
- Households
- 1,136
- Foreign-born
- 20.1%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Caroline ›
Education in Lake Caroline
27.9% of adults 25 and older in Lake Caroline have a bachelor's degree or higher (Virginia: 42.2%), and 14.5% have a graduate or professional degree.
Jobs and commute in Lake Caroline
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 50 minState: 27 min
- Work from home
- 0.7%
- Drive alone
- 79.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.2%
Lake Caroline vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Caroline | 2,862 | $73,000 | $297,600 | $1,764 |
| Lake Land'Or | 4,390 | $94,348 | $302,500 | $1,734 |
| Bowling Green | 1,561 | $82,500 | $336,300 | $751 |
| Spotsylvania Courthouse | 7,180 | $95,331 | $395,700 | $1,398 |
| Ashland | 7,772 | $61,164 | $293,200 | $1,229 |
| Wyndham | 12,099 | $235,250 | $703,000 | $2,258 |
| Mineral | 555 | $71,042 | $266,700 | $1,267 |
| Fredericksburg | 28,873 | $86,071 | $483,700 | $1,619 |
| Glen Allen | 17,551 | $92,723 | $357,200 | $1,804 |
More for people moving to Lake Caroline
Lake Caroline ZIP code ›Weather and climate ›Living in Lake Caroline: FAQ
What is the median household income in Lake Caroline, VA?
The median household income in Lake Caroline is $73,000, 22% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Caroline?
The median home value in Lake Caroline is $297,600, compared with $383,700 in Virginia.
How much is rent in Lake Caroline?
The median gross rent in Lake Caroline is $1,764 per month, about 37.6% of household income.
Is Lake Caroline, VA a good place to live?
Pluses: home values 22% lower than the state median; unemployment of 0%. Minuses: median household income 22% lower than the Virginia median; an average commute of 50 minutes; a poverty rate of 23.1%.
What is the median age in Lake Caroline?
The median age in Lake Caroline is 32 years (Virginia: 39).
How long is the commute in Lake Caroline?
The average commute to work in Lake Caroline is 50 minutes; 0.7% of workers work from home.
What is the unemployment rate in Lake Caroline?
The unemployment rate in Lake Caroline is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Caroline?
27.9% of adults in Lake Caroline 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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