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Lake of Bays, ON

Ontario

Lake of Bays is a small town in Ontario with a population of 3,759. Residents earn $90,000 per year, which is 20% above the national average.

2.4 /5.0
C Fair
3,759 Population 15/sq mi density
$90,000 Median Income $56,850 per capita
$800,000 Home Value
$1,110 Median Rent 16.8% income on rent
C
Overall
2.4 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$90,000 median income, 10.8% unemployment
D
Affordability
1.6 / 5.0
$800,000 home value, $1,110/mo rent
C
Education
2.3 / 5.0
16.3% bachelor's degree or higher
Median Income $90,000
20% higher than US avg
Home Value $800,000
184% higher than US avg
Bachelor's+ 16.3%
52% lower than US avg
Median Rent $1,110
5% lower than US avg
Unemployment 10.8%
200% higher than US avg
Poverty Rate 8.7%
30% lower than US avg

How Lake of Bays Compares to the U.S. Average (100% = U.S. avg)

People

Population3,759
Median Age58.4 yrs
Density15/mi²
Male / Female51% / 49%
Largest GroupWhite 98%

Economy

B
Median Income$90,000
Per Capita$56,850
Unemployment10.8%
Poverty8.7%
Commute29 min

Housing

D
Home Value$800,000
Rent$1,110
OwnershipN/A
Housing Units1,760
Rent Burden16.8%

Climate

Avg TempN/A
Elevation1,211 ft (369 m)

Education

C
Bachelor's+16.3%
High School+32.0%
Graduate+7.1%

Community

Commute29 min

Is Lake of Bays a Good Place to Live?

Based on current data, Lake of Bays receives an overall livability score of 2.4 out of 5.0, earning a grade of C. Key strengths include above-average household incomes. Areas to be aware of include high housing costs, above-average unemployment. Lake of Bays has some notable strengths but also faces challenges that prospective residents should consider.

Economy & Jobs

The median household income in Lake of Bays is $90,000, 20% above the national average of $75,149. Residents generally enjoy above-average earning potential. At 10.8%, unemployment is notably high. 8.7% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 29 minutes.

Cost of Living & Housing

The median home value in Lake of Bays is $800,000, making it a premium housing market at 184% above the U.S. median of $281,900. Renters pay a median of $1,110 per month. With a home price-to-income ratio of 8.9x, housing affordability is a significant challenge for many families.

Education

16.3% of residents hold a bachelor's degree, below the national average of 33.7%. 32.0% have completed high school.

Lake of Bays has a population of 3,759 with a density of 15 people per square mile. The median age is 58.4 years, 50% older than the national median of 38.9. The city is predominantly White (98.4%).

Population

3,759
Total Population
15
People / sq mi
58.4yrs
Median Age
50% above US avg
257.7mi²
Land Area

Gender Distribution

Male 50.9%
Female 49.1%

Race & Ethnicity

Lake of Bays vs U.S. Average

Language Spoken at Home

English Only94.0%
20% above US avg
Spanish1.1%
92% below US avg
Other Languages4.9%

Social Characteristics

Lake of Bays vs U.S. Average

The median household income in Lake of Bays is $90,000, which is 20% above the national average of $75,149. The unemployment rate is 10.8% (above the 3.6% US average). 8.7% of residents live below the poverty line. Workers commute an average of 29 minutes.

Income: Lake of Bays vs U.S.

Commute Mode

Income

Median HH Income$90,000
20% above US avg
Per Capita Income$56,850

Employment & Poverty

Unemployment10.8%
200% above US avg
Poverty Rate8.7%
30% below US avg

Business (County)

Tax & Cost of Living

Commute & Transportation

Commute Time29.1 min
Drive Alone91.7%
Public Transit0.0%
Work from Home34.9%

Walkability

The median home value in Lake of Bays is $800,000, 184% above the national average. Monthly rent averages $1,110 (5% below US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$800,000
184% above US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$1,110
5% below US avg
Rent Burden16.8%

Ownership & Property

Owner-Occupied91.2%
Renter-Occupied9.1%
Housing Units1,760

Property Tax

16.3% of residents hold a bachelor's degree or higher (52% below US avg).

Education

Bachelor's Degree+16.3%
52% below US avg
High School+32.0%
Graduate Degree+7.1%
C Education Grade (2.3/5.0)

Urban-Rural Classification

Population Density15/sq mi
Total Area257.7 sq mi

Infrastructure & Services

Safety & Disasters

Commute & Transportation

Avg Commute29.1 min
Drive Alone91.7%
Public Transit0.0%
Work from Home34.9%

Nearby Cities

Algonquin Highlands, ON 2,588 pop · 9.0 mi Huntsville, ON 21,147 pop · 10.3 mi Bracebridge, ON 17,305 pop · 25.3 mi Minden Hills, ON 6,971 pop · 29.5 mi Dysart et al, ON 7,182 pop · 30.7 mi Muskoka Lakes, ON 7,652 pop · 30.9 mi Haliburton Village, ON 1,149 pop · 30.9 mi Gravenhurst, ON 13,157 pop · 33.4 mi Strong, ON 1,566 pop · 36.3 mi Magnetawan, ON 1,753 pop · 38.8 mi South River, ON 1,101 pop · 39.5 mi Seguin, ON 5,280 pop · 41.2 mi Highlands East, ON 3,830 pop · 43.9 mi Severn, ON 14,576 pop · 46.7 mi
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