Lakemont, PA
Population 1,504 · Pennsylvania
About Lakemont, PA
Lakemont is a small town located in Pennsylvania with a population of 1,504 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,036 per year, which is 35% below the national median of $75,149. The median age of 57.5 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 Lakemont features a median home value of $147,300, which is 40% below the national median of $244,900. This positions Lakemont in a moderately priced market relative to the rest of the country. Median monthly rent is $1,103, 5% below the national average of $1,163/month. Of the 817 total housing units, 70% are owner-occupied (525 units) and 30% are renter-occupied (226 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakemont shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Lakemont have an average one-way commute time of 21 minutes.
Education & Demographics
21.3% of Lakemont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.3% White, 0.0% Hispanic or Latino, 1.4% Black or African American, and 0.0% Asian residents, with 2.3% of the population being foreign-born.
Cost of Living in Lakemont, PA
Compared to national averages, Lakemont has a median household income of $49,036 (35% below the national median of $75,149). Home values average $147,300, which is 40% below the national median. Monthly rent at $1,103 is 5% below the US average of $1,163. Within Pennsylvania, Lakemont's income is 33% below the state average of $73,376, and home values are 23% below the state median of $190,903.
Why Live in Lakemont, PA?
Lakemont offers affordable housing with a median home value of $147,300, below the US average of $244,900, and rent that’s lower than the national average at $1,103/month, and short commute times averaging just 21 minutes.
Potential considerations include median household income ($49,036) that falls below the national average. However, Lakemont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakemont has a population of 1,504 with a median age of 57.5 years. Compare Lakemont with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Lakemont
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Intercourse | 1,506 | $81,250 | $435,400 | Compare |
| Palmdale | 1,507 | $60,449 | $221,500 | Compare |
| Cresson | 1,499 | $57,841 | $119,500 | Compare |
| West Conshohocken | 1,499 | $142,917 | $452,400 | Compare |
| Catawissa | 1,498 | $53,472 | $139,700 | Compare |
| McConnellstown | 1,496 | $98,000 | $202,400 | Compare |
| Hereford | 1,494 | $69,205 | $0 | Compare |
| West Myerstown | 1,493 | $80,650 | $262,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakemont With Other Cities
Frequently Asked Questions about Lakemont
What is the population of Lakemont, PA?
The population of Lakemont, PA is 1,504 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Lakemont?
The median household income in Lakemont, PA is $49,036 per year, which is 35% below the national median of $75,149.
What is the median home value in Lakemont?
The median home value in Lakemont, PA is $147,300, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakemont?
The median monthly rent in Lakemont, PA is $1,103, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Lakemont?
The unemployment rate in Lakemont, PA is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakemont, PA a good place to live?
Lakemont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,504 and a median age of 57.5, the city appeals to established professionals and retirees.
How educated is Lakemont, PA?
21.3% of residents in Lakemont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakemont?
Key cost-of-living indicators for Lakemont, PA: median home value is $147,300 (40% below national), median rent is $1,103/month, and median household income is $49,036. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakemont?
The poverty rate in Lakemont, PA is 13.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lakemont, PA?
Lakemont's population is 0.3% White, 0.0% Hispanic or Latino, 1.4% Black or African American, 0.0% Asian, and 0.1% two or more races. 2.3% of residents are foreign-born.