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.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
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.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
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.
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 Fenton, Michigan is a small city with a population of 5,631 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (98% White). Given that fact, Lake Fenton could be considered less diverse than other cities. Based on an average age of 51, Lake Fenton appears to be well-suited for seniors or retirees as the average age is well above the national average. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Lake Fenton, your commute time will align closely with the national average, spanning a one-way duration of approximately 26 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the area before actually living in Lake Fenton, Michigan. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, cost of living, health & safety, you can easily compare the best places to live in Lake Fenton and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Lake Fenton to Michigan and the national average.
Using data and statistics Lake Fenton has received a livability score of 73 out of 100. This score is ranked in the 85th percentile when compared to all other cities. If we explore each of the categories on their own, we see that Lake Fenton ranks well for crime (A) and cost of living (B+). There is at least one category that did not score well in Lake Fenton. The following was graded with a concerning score: amenities (F).
The Lake Fenton unemployment rate of 0.97% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Lake Fenton 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.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lake Fenton is actually affordable. Median real estate prices in Lake Fenton come in at $281,700, which is 120.4% higher than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Lake Fenton, the home price to income ratio is 3, which is 20% higher than the Michigan average.
| Statistic | Lake Fenton | Michigan | National |
| Average one way commute | 26min | 24min | 26min |
| Workers who drive to work | 90.5% | 82.5% | 76.4% |
| Workers who carpool | 4.8% | 8.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 0.0% | 2.2% | 2.8% |
| Working from home | 4.7% | 3.7% | 4.6% |
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