Lakeside Park 82 Exceptional
Lakeside Park Livability #51 ranked city in Kentucky#901 ranked city in the USARanks better than 96% of areas

Pros and Cons of Living in Lakeside Park

PROS
  • Commute

    High scores in the commute category could indicate that this area offers short commute times to work and readily available public transportation options.

  • 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.

CONS
  • Nothing Found

    This area did not exhibit any cons, as none of the categories were rated low enough.

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What's it like Living in Lakeside Park?

Lakeside Park, Kentucky is a small-sized city with a population of 2,758 people. In Lakeside Park, there are 3,519 people per square mile, which is well above the national population density average. If we take a look at the last Census, the vast majority of the population falls within one racial group (93% White). Given that fact, Lakeside Park could be considered less diverse than other cities.

If you’re considering moving 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 city before actually living in Lakeside Park, Kentucky. 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. With useful information like cost of living, education, housing and other key data points, finding the best places to live in Lakeside Park and in the areas around Lakeside Park is a much easier task.

Lakeside Park has a livability score of 83 out of 100 and is ranked #38 in Kentucky and #598 in the USA. Based on this score, Lakeside Park would be considered a very livable city! The cherry on top is that Lakeside Park also ranks in the top 10 percent of all cities. If we probe a little deeper into each category within the livability score, we see that Lakeside Park has higher than average grades for the following: crime (A+), cost of living (B) and housing (B-). The bad news for Lakeside Park, there are some categories for which it does not rank well, this includes: amenities (D).

Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 16 crimes per 100,000 residents, which signifies that Lakeside Park boasts an impressively low violent crime rate that falls well below the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Lakeside Park has an unemployment rate of 0% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

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 Lakeside Park 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.

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 Lakeside Park is actually affordable. Median real estate prices in Lakeside Park come in at $188,000, which is 49.1% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Lakeside Park, the home price to income ratio is 2, which is 28.6% lower than the Kentucky average.

Best Places to Live in and Around Lakeside Park

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Compare Lakeside Park, KY Livability

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      Lakeside Park transportation information

      Statistic Lakeside Park Kentucky National
      Average one way commute22min23min26min
      Workers who drive to work93.3%82.2%76.4%
      Workers who carpool2.4%9.7%9.3%
      Workers who take public transit1.1%1.1%5.1%
      Workers who bicycle0.0%0.2%0.6%
      Workers who walk0.0%2.4%2.8%
      Working from home3.2%3.3%4.6%
      Source: The Lakeside Park, KY data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).