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.
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.
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.
Located in the state of Maryland, Lexington Park is a medium-sized city with a population of 12,934 residents. Lexington Park is mostly populated by White (52%) and Black or African American (33%) ethnic groups. Lexington Park could be a great place for young adults and students as the average age of 31 years old is below the nation’s average. Single men and women might be happy to hear that in Lexington Park, only 39% of the population is married. 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 Lexington Park, your commute time will align closely with the national average, spanning a one-way duration of approximately 26 minutes.
Living in Lexington Park can be a positive experience for anyone relocating to the area. Having said that, in the state of Maryland, 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 Lexington Park and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, health & safety, housing and other important metrics.
Using data and statistics Lexington Park has received a livability score of 60/100. This score is ranked in the 40th percentile when compared to all other cities. Compared to the US average, this area has a score which ranks among the lowest in the nation, and it is not considered a very livable city. Based on the scores for each individual category, Lexington Park has received high marks for employment (A) and housing (B). There are some categories that Lexington Park ranks poorly for, including: amenities (F) and education (D). It might be worth taking a closer look to find out why.
The unemployment rate in Lexington Park has consistently declined over the years and currently stands well below the national average at 1.99%. 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 Lexington 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.
Assuming that Lexington Park 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 Lexington Park. Everything else becomes a lot less important if it turns out that home prices in Lexington Park are simply unattainable. The median home price for Lexington Park homes is $190,400, which is 34.4% lower than the Maryland average. If we take a closer look at the affordability of homes in Lexington Park, we’ll see that the home price to income ratio is 2.6, which is 31.6% lower than the Maryland average.
| Statistic | Lexington Park | Maryland | National |
| Average one way commute | 26min | 32min | 26min |
| Workers who drive to work | 77.0% | 73.7% | 76.4% |
| Workers who carpool | 14.4% | 9.3% | 9.3% |
| Workers who take public transit | 1.3% | 8.9% | 5.1% |
| Workers who bicycle | 0.5% | 0.3% | 0.6% |
| Workers who walk | 2.1% | 2.4% | 2.8% |
| Working from home | 4.4% | 4.4% | 4.6% |
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