Lake Arbor, MD
Population 14,932 · Maryland
About Lake Arbor, MD
Lake Arbor is a mid-sized city located in Maryland with a population of 14,932 residents according to the latest US Census Bureau American Community Survey data. The median household income is $128,616 per year, which is 71% above the national median of $75,149. The median age of 43.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Arbor features a median home value of $457,800, which is 87% above the national median of $244,900. This places Lake Arbor in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,293, 97% above the national average of $1,163/month. Of the 6,815 total housing units, 65% are owner-occupied (4,194 units) and 35% are renter-occupied (2,283 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lake Arbor shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Arbor have an average one-way commute time of 39.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
57.8% of Lake Arbor residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 1.8% Hispanic or Latino, 2.1% Black or African American, and 4.1% Asian residents, with 16.1% of the population being foreign-born.
Cost of Living in Lake Arbor, MD
Compared to national averages, Lake Arbor has a median household income of $128,616 (71% above the national median of $75,149). Home values average $457,800, which is 87% above the national median. Monthly rent at $2,293 is 97% above the US average of $1,163. Within Maryland, Lake Arbor's income is 19% above the state average of $107,956, and home values are 14% above the state median of $402,447.
Why Live in Lake Arbor, MD?
Lake Arbor offers a strong local economy with a median household income of $128,616, well above the national average, and a well-educated community where 57.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $457,800. However, Lake Arbor’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Arbor has a population of 14,932 with a median age of 43.7 years. Compare Lake Arbor with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Lake Arbor
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glenn Dale | 14,896 | $139,625 | $531,000 | Compare |
| Havre de Grace | 14,857 | $106,798 | $348,800 | Compare |
| Bensville | 14,792 | $161,568 | $475,800 | Compare |
| Rossville | 15,088 | $91,469 | $296,600 | Compare |
| Kemp Mill | 14,437 | $160,750 | $567,300 | Compare |
| Mays Chapel | 15,616 | $118,462 | $447,300 | Compare |
| Summerfield | 15,635 | $92,042 | $339,800 | Compare |
| Hillcrest Heights | 15,670 | $77,696 | $340,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Arbor With Other Cities
Frequently Asked Questions about Lake Arbor
What is the population of Lake Arbor, MD?
The population of Lake Arbor, MD is 14,932 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Maryland.
What is the median household income in Lake Arbor?
The median household income in Lake Arbor, MD is $128,616 per year, which is 71% above the national median of $75,149.
What is the median home value in Lake Arbor?
The median home value in Lake Arbor, MD is $457,800, which is 87% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Arbor?
The median monthly rent in Lake Arbor, MD is $2,293, which is 97% above the national average of $1,163/month.
What is the unemployment rate in Lake Arbor?
The unemployment rate in Lake Arbor, MD is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Arbor, MD a good place to live?
Lake Arbor offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 14,932 and a median age of 43.7, the city appeals to a broad range of residents.
How educated is Lake Arbor, MD?
57.8% of residents in Lake Arbor aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Arbor?
Key cost-of-living indicators for Lake Arbor, MD: median home value is $457,800 (87% above national), median rent is $2,293/month, and median household income is $128,616. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Lake Arbor?
The poverty rate in Lake Arbor, MD is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Arbor, MD?
Lake Arbor's population is 0.3% White, 1.8% Hispanic or Latino, 2.1% Black or African American, 4.1% Asian, and 83.5% two or more races. 16.1% of residents are foreign-born.