Is Lakeland No. 521 a Good Place to Live?
Based on current data, Lakeland No. 521 receives an overall livability score of 3.3 out of 5.0, earning a grade of B. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment. Lakeland No. 521 offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Lakeland No. 521 is $90,000, 20% above the national average of $75,149. Residents generally enjoy above-average earning potential. The unemployment rate of 7.5% is somewhat elevated compared to the national rate of 3.6%. Only 6.7% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 30 minutes.
Cost of Living & Housing
The median home value in Lakeland No. 521 is $424,000, 50% above the national median. Renters pay a median of $840 per month, below the national average — a plus for affordability. A price-to-income ratio of 4.7x indicates a reasonably affordable housing market.
Education
12.7% of residents hold a bachelor's degree, below the national average of 33.7%. 34.8% have completed high school.
Climate & Weather
Lakeland No. 521 has a cool climate with an average annual temperature of 33°F. Winters average -0°F in January while summers reach 62°F in July. With 303 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 18.3 inches. Air quality is rated Good with a median AQI of 27.