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.
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 Lorraine, Florida is a small-sized city with a population of 7,495 residents. With a population density of 3,642 people per square mile, Lake Lorraine is well above the nation's average density level. If we look at the most recent Census, Lake Lorraine is known to have a predominantly White population. The next two most common races are Black and Native Hawaiian. 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 Lorraine, your commute time will align closely with the national average, spanning a one-way duration of approximately 23 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Lake Lorraine, Florida could be a fulfilling 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. Finding the best places to live in Lake Lorraine and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, housing and other important metrics.
Using data and statistics Lake Lorraine has received a livability score of 67/100. This score is ranked in the 70th percentile when compared to all other cities. If we explore each of the categories on their own, we see that Lake Lorraine ranks well for crime (A-), cost of living (B-), employment (A+) and housing (A+). On a more negative note, Lake Lorraine does not have favorable ranks for the following: amenities (F) and education (D). If we take a look at the data, we can find out why.
The unemployment rate in Lake Lorraine has consistently declined over the years and currently stands well below the national average at 1.91%. 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.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lake Lorraine market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lake Lorraine. 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 Lorraine are affordable. Median real estate prices in Lake Lorraine come in at $310,100, which is 85.9% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Lake Lorraine, the home price to income ratio is 3.6, which is 5.9% higher than the Florida average.
| Statistic | Lake Lorraine | Florida | National |
| Average one way commute | 23min | 27min | 26min |
| Workers who drive to work | 86.6% | 79.5% | 76.4% |
| Workers who carpool | 6.0% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 5.0% | 5.4% | 4.6% |
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