Lake Ridge 81 Exceptional
Lake Ridge Livability #52 ranked city in Virginia#1,361 ranked city in the USARanks better than 95% of areas

Pros and Cons of Living in Lake Ridge

PROS
  • 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.

  • Health & Safety

    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.

  • Schools

    A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • 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.

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What's it like Living in Lake Ridge?

Located in the state of Virginia, Lake Ridge is a mid-sized city with a population of 45,111 inhabitants. With a population density of 4,948 people per square mile, Lake Ridge is well above the nation's average density level. An important consideration when living in Lake Ridge is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 42 minutes, far surpassing the national average of 26 minutes.

Are you trying to decide if living in Lake Ridge is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Virginia, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in Lake Ridge and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, education, you will see a detailed breakdown of the most important information as well as comparisons to the Virginia and national averages.

The livability score in Lake Ridge is 81 out of 100 and the city is ranked in the 96th percentile of all cities across America. Compared to the US average, Lake Ridge ranks among some of the best places to live in the country! Lake Ridge has also earned the rare honor of ranking in the top 10 percentile among all cities. For each of the livability categories, we know that Lake Ridge ranks very well for crime (A-), education (A+) and housing (A+). Unfortunately for Lake Ridge, there are some categories for which it does not score well, this includes: amenities (F) and cost of living (F).

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 Ridge 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 Ridge 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 Ridge. Everything else becomes a lot less important if it turns out that home prices in Lake Ridge are simply unattainable. Median real estate prices in Lake Ridge come in at $352,900, which is 42.1% higher than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Lake Ridge, the home price to income ratio is 3.4, which is 10.5% lower than the Virginia average.

Best Places to Live in and Around Lake Ridge

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How Do You Rate The Livability In Lake Ridge?

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Compare Lake Ridge, VA Livability

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      Lake Ridge transportation information

      Statistic Lake Ridge Virginia National
      Average one way commute42min28min26min
      Workers who drive to work71.1%77.4%76.4%
      Workers who carpool12.7%9.5%9.3%
      Workers who take public transit6.2%4.5%5.1%
      Workers who bicycle0.0%0.4%0.6%
      Workers who walk0.7%2.4%2.8%
      Working from home7.0%4.7%4.6%
      Source: The Lake Ridge, VA data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).