Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Lake City is a small-sized city located in the state of Georgia. The city has a population of 2,794 inhabitants. Lake City is largely populated by 42% Black or African American and 29% Asian ethnic groups. Lake City tends to attract a younger crowd, as the median age of 30 is far below the national average. Lake City is not known to have a high population (over 15 years old) of married people. At only 30% married, this city falls well below the national average. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Lake City is the right fit for you, your one way commute time will average 23 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Lake City, Georgia could be a great experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like cost of living, commute, health & safety, education and other key data points, finding the best places to live in Lake City and in the areas around Lake City is a much easier task.
With a livability score of 71 out of 100, Lake City is ranked #5,250 in the United States and #50 in Georgia. If we take a closer look at each of the categories on their own, we see that Lake City ranks well for crime (B-), cost of living (A+) and housing (A+). Lake City does not fare well for the following: amenities (F) and education (D-). It might be wise to take a closer look at each category to find out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Lake City has an unemployment rate of 2.11% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Finding affordable real estate and housing in Lake City can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Lake City meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lake City. Everything else becomes a lot less important if it turns out that home prices in Lake City are simply unattainable. The median home price for Lake City homes is $103,600, which is 32% lower than the Georgia average. If we take a closer look at the affordability of homes in Lake City, we’ll see that the home price to income ratio is 2, which is 33.3% lower than the Georgia average.
| Statistic | Lake City | Georgia | National |
| Average one way commute | 23min | 28min | 26min |
| Workers who drive to work | 68.0% | 79.6% | 76.4% |
| Workers who carpool | 19.5% | 10.1% | 9.3% |
| Workers who take public transit | 1.4% | 2.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 6.8% | 1.6% | 2.8% |
| Working from home | 4.1% | 5.1% | 4.6% |
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