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Spring Lake, AB
Full City Profile · Alberta
Spring Lake, AB
At a Glance
How Spring Lake Compares to the U.S. Average
Each bar shows Spring Lake's value as a percentage of the national average (100% = U.S. avg)
Is Spring Lake a Good Place to Live?
Economy & Jobs
Spring Lake residents earn a median household income of $122,000 , which is 62% above the national average of $75,149. Per capita income is $71,600. The unemployment rate stands at 8.5% (136% above the U.S. rate of 3.6%). 4.0% of residents live below the poverty line. The area is home to 22 business establishments.
Housing & Cost of Living
The median home value in Spring Lake is $500,000 , 77% above the national median of $281,900. Median rent is $1,320/month, with 10.5% of renters spending more than 30% of income on housing.
Education
10.5% of adults in Spring Lake hold a bachelor's degree or higher (69% below the national average). 25.4% have completed high school.
Climate & Weather
Spring Lake has an average annual temperature of 37°F (3°C). Winters average 9°F in January while summers reach 61°F in July. The area gets 301 sunny days per year. Annual precipitation totals 19.2 inches.