If you’re searching for places to relocate, Lake Worth Beach, Florida may be the best bet for you. Known for its popular fishing pier, unique history, and spectacular beach, Lake Worth Beach is a lovely city to call home for those who adore art, film, and theater. Here are some facts that you should know if you’re thinking of living in Lake Worth, FL.
The Population of Lake Worth Beach
Over the past few decades, Lake Worth Beach has experienced steady growth, with more people migrating to the city each year. Lake Worth Beach has a population of 38,010 people, with an average age of 37.
The demographics of Lake Worth Beach are quite diverse, with 45 percent of the population being Hispanic or Latino, 35 percent Caucasian, 18 percent Black or African American, and one percent Asian. The gender ratio at Lake Worth Beach is marginally in favor of women, with 52 percent females and 48 percent males. The average household income is $42,500.
Cost of Living in Lake Worth Beach
If you’re thinking of moving to Lake Worth Beach, the most important thing to consider is the cost of living. On average, the cost of living in Lake Worth Beach is four percent higher than the national average but only around one percent higher than the Florida state average. Although the real estate market and home amenities in Lake Worth Beach are affordable, the cost of groceries, local transportation, and healthcare costs more.
If you’re wondering how much it costs to live in Lake Worth Beach, here are some average prices you can expect:
- McDonald’s Burger Meal: $7.50
- A gallon of regular milk: $3.73
- A dozen of eggs: $1.97
- The average cost of utilities per month: $116.17
In Lake Worth Beach, the homeownership rate is 44 percent, with less than half of residents owning their homes. Small single-family houses to multimillion-dollar oceanfront estates are available for sale in Lake Worth Beach. On average, a home would cost $324,000.
Roughly 56 percent of Lake Worth Beach residents rent, leaving plenty of possibilities for those who aren’t ready to buy just yet. The average rental rate in Lake Worth Beach is $1,557 per month, up seven percent from the previous year.
Lake Worth Beach Neighborhood
Another crucial thing to note before moving would be to assess whether the location is safe for you and your loved ones. While Lake Worth Beach has a crime rate that is 67 percent higher than the national average, there are both good and bad neighborhoods, so it’s important that you do your research before relocating there.
Some of the safest neighborhoods would be South Palm Park, College Park, and Oakwood Lakeworth.
Lake Worth Beach is a 5.9-square-mile stretch of the Atlantic Coast on the east side of Palm Beach County. With top-rated locations such as Walgreens, Palm Springs Plaza, Dollar Tree, and the Greenwood Shopping Centre, there are plenty of easy shopping areas in Lake Worth Beach.
Enjoy Exceptional Senior Living at Discovery Village At Boynton Beach
Looking for a retirement community in Lake Worth? We’ve got you. At Discovery Village At Boynton Beach, we offer a variety of senior living options, from Independent Living to Senior Assisted Living, you can rest easy knowing that you are in good hands. To learn more, feel free to contact us today!