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Lake Arbor, Maryland is a town with approximately 11,000 residents. The city's residents, with an average age of just under 39, are younger than most cities in Maryland. The majority of Lake Arbor residents own their homes, and 34% of residents rent. With an average rent of $1,766/month, exceeding the state average by $419 a month, relatively high rent costs could be playing a role in the higher levels of ownership.
With an average commute time of about 40 minutes, slower than most cities in the state, Lake Arbor residents know that traveling to work takes some patience. Driving a vehicle is the prevailing mode of getting to work, chosen by 39% of commuters, while public transportation is used by just 13% of the population. Not many residents walk to work.
Lake Arbor has a large number of residents over the age of 25 with advanced degrees compared to the national average (7%), as 12% possess a Master's degree or a Doctoral degree. Additionally, 20% possess a Bachelor's degree, which also outpaces the national average. Many Lake Arbor residents work in one of three industries: public administration, healthcare, and scientific. Combined, these industries account for 24% of the workforce in the city. Meanwhile, in terms of job function, 12% of the city's population works in sales, making it the top field in the city. With an average annual income of just over $104,000, Lake Arbor workers earn more than the average Maryland resident. The city's average income also compares favorably to the national average of $73,345.
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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.