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Lake Arbor, MD 20721 has a population of approximately 30,136 and experiences a population change rate of 34.46%. The population density is 1,804.1 / sq mi .
The median household income for Lake Arbor, MD 20721 is $148,158, with 10,364 households and an average household size of 2.95.
The median value of a home in Lake Arbor, MD 20721 is $543,200 with an appreciation rate of 10.70%. 84.76% of housing in the state is owned while 11.43% is rented.
The cost of living in Lake Arbor, MD 20721 is 154.3 %.
The unemployment rate in Lake Arbor, MD 20721 is 2.00%, and recent job growth is at 1.99%. Future job growth is projected at 33.00%.
The sales tax rate in Lake Arbor, MD 20721 is 6.00%, while the income tax rate is 4.75% .
School expenditures in Lake Arbor, MD 20721 are $17,603, and the school ratio is 13.9:1.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 43.8 inches per year, with 14.9 inches of snow per year.