Lake Shore, MD Profile: Facts & Data

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Lake Shore, Maryland - Basic Facts

The Lake Shore Census Designated Place had a population of 19,666 as of July 1, 2020.

The primary coordinate point for Lake Shore is located at latitude 39.1071 and longitude -76.485 in Anne Arundel County. The formal boundaries for the Lake Shore Census Designated Place encompass a land area of 13.43 sq. miles and a water area of 4.2 sq. miles. Anne Arundel County is in the Eastern time zone (GMT -5). The elevation is 56 feet.

The Lake Shore Census Designated Place (GNIS ID: 2390025) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lake Shore Census Designated Place is located within District 3, a minor civil division (MCD) of Anne Arundel County.

Alternate Unofficial Names for Lake Shore: Jacobs Store, Lakeshore.

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Lake Shore, MD Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 19,666 (100%)
Population in Households 19,650 (99.9%)
Population in Families 17,112 (87.0%)
Population in Group Quarters1 16 ( 0.1%)
Population Density 1,465
Diversity Index2 24
 
 

INCOME

Median Household Income $103,193
Average Household Income $127,478
% of Income for Mortgage4 16%
Per Capita Income $45,288
Wealth Index5 187
 

HOUSING

Total HU (Housing Units) 7,413 (100%)
Owner Occupied HU 6,298 (85.0%)
Renter Occupied HU 668 ( 9.0%)
Vacant Housing Units 448 ( 6.0%)
Median Home Value $383,477
Average Home Value $455,889
Housing Affordability Index3 153
 

HOUSEHOLDS

Total Households 6,965
Average Household Size 2.82
Family Households 5,409
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.09% 0.13%
Households 0.0% 0.06%
Families -0.08% 0.0%
Median Household Income   1.08%
Per Capita Income   1.97%
Owner Occupied HU   0.11%

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Lake Shore, MD - Peer Comparisons by Rank and Percentile

The table below compares Lake Shore to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 67 87th
Population Density # 242 53rd
Median Household Income # 130 75th
Housing Affordability Index # 236 46th
Per Capita Income # 164 69th
Diversity Index # 375 28th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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