Is Factory Island 1 a Good Place to Live?
Based on current data, Factory Island 1 receives an overall livability score of 2.4 out of 5.0, earning a grade of C. Key strengths include abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment, an elevated poverty rate. Factory Island 1 has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Factory Island 1 is $75,500, roughly in line with the national average of $75,149. At 16.0%, unemployment is notably high. The poverty rate of 24.7% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 15 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Factory Island 1 is $461,770, making it a premium housing market at 64% above the U.S. median of $281,900. Renters pay a median of $1,012 per month, below the national average — a plus for affordability. The price-to-income ratio of 6.1x means housing costs are stretched relative to local earnings.
Education
6.5% of residents hold a bachelor's degree, below the national average of 33.7%. 22.4% have completed high school.
Climate & Weather
Factory Island 1 has a cool climate with an average annual temperature of 31°F. Winters average -5°F in January while summers reach 61°F in July. With 288 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 26.6 inches, including 8.4 inches of snow. Air quality is rated Good with a median AQI of 27.