Is Sylvan Lake a Good Place to Live?
Based on current data, Sylvan Lake receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include above-average household incomes, abundant sunshine. Areas to be aware of include above-average unemployment. Sylvan Lake offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Sylvan Lake is $92,000, 22% above the national average of $75,149. Residents generally enjoy above-average earning potential. At 14.7%, unemployment is notably high. 9.4% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 28 minutes.
Cost of Living & Housing
The median home value in Sylvan Lake is $352,000, 25% above the national median. Renters pay a median of $1,360 per month. A price-to-income ratio of 3.8x indicates a reasonably affordable housing market.
Education
10.1% of residents hold a bachelor's degree, below the national average of 33.7%. 33.8% have completed high school.
Climate & Weather
Sylvan Lake has a cool climate with an average annual temperature of 41°F. Winters average 21°F in January while summers reach 62°F in July. With 279 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 22.8 inches, including 25.8 inches of snow.