Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Schools
The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Cost Of Living
Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Parkwood, Washington is a small city with a population of 6,758 people. If we look at the most recent Census, Parkwood is known to have a predominantly White population. The next two most common races are Asian and Black. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Parkwood entails a longer-than-average one-way commute time, averaging 30 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Parkwood, Washington. 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 amenities, crime, health & safety and other key data points, finding the best places to live in Parkwood and in the areas around Parkwood is a much easier task.
The livability score in Parkwood is 73 out of 100 and the city is ranked in the 85th percentile of all cities across America. For each of the livability categories, we can establish that Parkwood ranks very well for education (B+), employment (A) and housing (A+). There is at least one category that you should be aware of in Parkwood. The following was graded with a discouraging score: amenities (F) and cost of living (F).
Unemployment rates can range pretty dramatically from one city to another. Knowing that Parkwood has an unemployment rate of 1.3% 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 Parkwood 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 Parkwood 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 Parkwood. Everything else becomes a lot less important if it turns out that home prices in Parkwood are simply unattainable. The median home price for Parkwood homes is $294,000, which is 9.2% higher than the Washington average. If we take a closer look at the affordability of homes in Parkwood, we’ll see that the home price to income ratio is 4.7, which is 9.3% higher than the Washington average.
| Statistic | Parkwood | Washington | National |
| Average one way commute | 30min | 27min | 26min |
| Workers who drive to work | 74.9% | 72.3% | 76.4% |
| Workers who carpool | 12.4% | 10.2% | 9.3% |
| Workers who take public transit | 4.7% | 6.2% | 5.1% |
| Workers who bicycle | 1.2% | 0.9% | 0.6% |
| Workers who walk | 0.6% | 3.6% | 2.8% |
| Working from home | 2.2% | 5.6% | 4.6% |
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