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.
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.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
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.
Lakeland, Georgia is a small-sized city with a population of 3,303 people. Lakeland is mostly populated by White (52%) and Black or African American (45%) ethnic groups. Lakeland is very likely to be a great place to live for singles as only 39%, of the population (over fifteen) are classified as married. If you are not a fan of long commutes, you will enjoy living in Lakeland. With an average one way commute time of only 19 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Living in Lakeland can be a great experience for anyone moving to the area. Having said that, in the state of Georgia, there are many incredible 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. Using the livability score which includes data from categories like amenities, commute, health & safety, education, housing, you can easily compare the best places to live in Lakeland and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Lakeland to Georgia and the national average.
The livability score in Lakeland is 59 out of 100 and the city is ranked in the 37th percentile of all cities across America. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Lakeland may not be a pleasant experience. Based on the grades for each individual category, Lakeland has received high marks for crime (B-) and housing (B+). Lakeland does not score well for the following: amenities (F), education (D-) and employment (F). It might be a good idea to take a closer look at each category to find out why.
Achieving a cost-effective lifestyle can be pivotal in managing your monthly expenditures, especially given the ongoing upward trajectory of everday goods and housing prices. In Lakeland, residents are fortunate to experience a cost of living that is 21.06% below the national average. This advantageous positioning extends its impact to a wide spectrum of expenses, encompassing not only goods and services but also transportation and health care costs. As a result, this area stands out as a place where your money stretches further, ensuring that you can maintain a more economical and sustainable lifestyle. This affordability becomes increasingly valuable in an era marked by soaring costs, making Lakeland an attractive choice for those seeking financial prudence without compromising on quality of life.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lakeland has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Lakeland 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 Lakeland. Everything else becomes a lot less important if it turns out that home prices in Lakeland are simply unattainable. Median real estate prices in Lakeland come in at $104,800, which is 31.2% lower than the Georgia average. The home price to income ratio compares the median home prices to the median household income. In Lakeland, the home price to income ratio is 4.9, which is 63.3% higher than the Georgia average.
| Statistic | Lakeland | Georgia | National |
| Average one way commute | 19min | 28min | 26min |
| Workers who drive to work | 58.2% | 79.6% | 76.4% |
| Workers who carpool | 0.0% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 16.7% | 0.2% | 0.6% |
| Workers who walk | 18.5% | 1.6% | 2.8% |
| Working from home | 6.6% | 5.1% | 4.6% |
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