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.
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.
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
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.
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
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.
Lake Grove, New York is a moderately-sized city with a population of 11,083 inhabitants. In Lake Grove, there are 3,750 people per square mile, which is well above the national population density average. If we look at the most recent Census, Lake Grove is known to have a predominantly White population. The next two most common races are Asian and Black. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lake Grove entails a longer-than-average one-way commute time, averaging 38 minutes.
Living in Lake Grove can be a good experience for anyone relocating to the town. Having said that, in the state of New York, there are many amazing 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. The best areas in Lake Grove and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, commute, housing, you will see a detailed breakdown of the most important information as well as comparisons to the New York and national averages.
Lake Grove has a livability score of 70/100 and is ranked #379 in New York and #6,353 in the USA. If we probe a little deeper into each category within the livability score, we see that Lake Grove has higher than average rankings for the following: crime (B+) and housing (A). Unfortunately for Lake Grove, there are some categories for which it does not score well, this includes: amenities (F) and cost of living (F).
The unemployment rate in Lake Grove has consistently declined over the years and currently stands well below the national average at 2.39%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
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 Grove 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.
Assuming that Lake Grove 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 Grove. Everything else becomes a lot less important if it turns out that home prices in Lake Grove are simply unattainable. Median real estate prices in Lake Grove come in at $427,000, which is 49.1% higher than the New York average. The home price to income ratio compares the median home prices to the median household income. In Lake Grove, the home price to income ratio is 3.9, which is 17% lower than the New York average.
Statistic | Lake Grove | New York | National |
Average one way commute | 38min | 33min | 26min |
Workers who drive to work | 82.2% | 53.0% | 76.4% |
Workers who carpool | 6.3% | 6.7% | 9.3% |
Workers who take public transit | 7.5% | 28.0% | 5.1% |
Workers who bicycle | 0.2% | 0.7% | 0.6% |
Workers who walk | 0.0% | 6.3% | 2.8% |
Working from home | 3.2% | 4.0% | 4.6% |