Is Shoal Lake 40 a Good Place to Live?
Based on current data, Shoal Lake 40 receives an overall livability score of 1.5 out of 5.0, earning a grade of D. Key strengths include abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment, an elevated poverty rate. Shoal Lake 40 faces significant challenges across several quality-of-life categories.
Economy & Jobs
The median household income in Shoal Lake 40 is $46,000, 39% below the national average of $75,149. At 22.2%, unemployment is notably high. The poverty rate of 42.0% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 20 minutes.
Cost of Living & Housing
The median home value in Shoal Lake 40 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. With a home price-to-income ratio of 10x, housing affordability is a significant challenge for many families.
Education
0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 28.6% have completed high school.
Climate & Weather
Shoal Lake 40 has a cool climate with an average annual temperature of 36°F. Winters average -2°F in January while summers reach 66°F in July. With 292 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 24.3 inches. Air quality is rated Good with a median AQI of 27.