The town of Lake Havasu City, Arizona is home to just under 54,000 people. Retirees account for a greater percentage of the population (32%) here than nationally (14%), while young adults are less well-represented. Overall, the city's residents, at an average age of just over 48, skew older than most cities in Arizona. Renters tend to be in the minority in the area, and 68% of residents own their homes. With a relatively low average rent of $928/month in the city, renting remains an affordable option, particularly compared to other cities in Arizona. Over the course of a year, renters in Lake Havasu City will save around $1,400 compared to the state average.
With an average commute time of about 20 minutes, quicker than most cities in Arizona, Lake Havasu City residents have found that it isn't overly time-consuming to travel to work. Driving a vehicle is the typical mode of getting to work, selected by 34% of residents, while public transit isn't used. Relatively few workers commute on foot.
Many Lake Havasu City residents work in one of two industries: entertainment and retail. Combined, these industries make up 12% of the workforce in the city. Meanwhile, in terms of job function, many workers in these industries are in sales, as 6% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of just under $61,000, Lake Havasu City workers earn around $9,000 less than the average Arizona resident. The city's average income also falls below the national average ($73,345). Lake Havasu City has a relatively high concentration of residents older than 25 who possess an Associate's degree (7%) compared to the national average (5%). Further, 12% have a Bachelor's, Master's, Professional, or Doctoral degree.
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