Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
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.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Lake Shore is a medium-sized city located in the state of Maryland. The city has a population of 18,523 inhabitants. According to the most recent Census, 89% of Lake Shore residents are White, 3% Black and 2% Asian. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Lake Shore offers up a higher than average one way commute time of 35 minutes.
Living in Lake Shore can be a great experience for anyone relocating to the city. Having said that, in the state of Maryland, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Finding the best places to live in Lake Shore and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, commute, employment and other important metrics.
With a livability score of 58/100, Lake Shore is ranked #19,355 in the United States and #371 in Maryland. Compared to the United States average, this area has a score which ranks among the lowest in the nation, and it is not considered a very livable city. There are nine total categories that form the livability score. Lake Shore scores well for employment (A+) and housing (A+) On a more negative note, Lake Shore does not have favorable ranks for the following: amenities (F), cost of living (F) and education (D). If we take a look at the data, we can find out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Lake Shore has an unemployment rate of 2.75% 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.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lake Shore excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lake Shore. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lake Shore are affordable. The median home price for Lake Shore homes is $404,600, which is 39.3% higher than the Maryland average. If we take a closer look at the affordability of homes in Lake Shore, we’ll see that the home price to income ratio is 3.6, which is 5.3% lower than the Maryland average.
| Statistic | Lake Shore | Maryland | National |
| Average one way commute | 35min | 32min | 26min |
| Workers who drive to work | 85.6% | 73.7% | 76.4% |
| Workers who carpool | 8.3% | 9.3% | 9.3% |
| Workers who take public transit | 0.5% | 8.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.0% | 2.4% | 2.8% |
| Working from home | 5.2% | 4.4% | 4.6% |
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