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.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
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.
Located in the state of Florida, Lakewood Park is a mid-sized city with a population of 14,227 inhabitants. If we look at the most recent Census, Lakewood Park is known to have a predominantly White population. The next two most common races are Black and Asian. Based on an average age of 55, Lakewood Park appears to be well-suited for seniors or retirees as the average age is well above the national average. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Lakewood Park, your commute times will be about average, with a one way commute time of 29 minutes.
Living in Lakewood Park can be a fulfilling experience for anyone moving to the city. Having said that, in the state of Florida, 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. Finding the best places to live in Lakewood Park 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, commute, education, housing and other important metrics.
Lakewood Park, FL receives 61 out of 100 for its livability score; this results in a ranking of #726 in Florida and #15,329 in the USA. Based on the rankings for each individual category, Lakewood Park has received high marks for cost of living (A+) and housing (A+). Regrettably for Lakewood Park, there are some categories for which it does not score well, this includes: amenities (F) and education (F).
The unemployment rate in Lakewood Park has consistently declined over the years and currently stands well below the national average at 2.01%. 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 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, Lakewood Park has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Lakewood Park real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Lakewood Park. The median home price for Lakewood Park homes is $160,700, which is 3.7% lower than the Florida average. If we take a closer look at the affordability of homes in Lakewood Park, we’ll see that the home price to income ratio is 3.1, which is 8.8% lower than the Florida average.
| Statistic | Lakewood Park | Florida | National |
| Average one way commute | 29min | 27min | 26min |
| Workers who drive to work | 83.4% | 79.5% | 76.4% |
| Workers who carpool | 9.4% | 9.3% | 9.3% |
| Workers who take public transit | 0.1% | 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 | 4.9% | 5.4% | 4.6% |
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