Lake Caroline, VA
Full City Profile · Virginia · Hanover County County
Lake Caroline, VA
At a Glance
How Lake Caroline Compares to the U.S. Average
Each bar shows Lake Caroline's value as a percentage of the national average (100% = U.S. avg)
Is Lake Caroline a Good Place to Live?
Economy & Jobs
Lake Caroline residents earn a median household income of $88,222 , which is 17% above the national average of $75,149. Per capita income is $37,872. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 8.6% of residents live below the poverty line. The area is home to 4,310 business establishments, including 237 restaurants.
Housing & Cost of Living
The median home value in Lake Caroline is $291,300 , 3% above the national median of $281,900. Zillow estimates the typical home at $346,249. Median rent is $1,634/month, with 28.6% of renters spending more than 30% of income on housing. The cost of living index is 101.1 (100 = national average). The median home was built in 1994.
Education
31.6% of adults in Lake Caroline hold a bachelor's degree or higher (6% below the national average). 86.5% have completed high school. Local schools score 6.7/10 in standardized testing.
Climate & Weather
Lake Caroline has an average annual temperature of 58°F (14°C). Winters average 38°F in January while summers reach 78°F in July. Annual precipitation totals 45.8 inches. Air quality is rated Good with a median AQI of 39.