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Pros and Cons of Living in Lake City, Colorado

Lake City

City in Colorado

LIVABILITY RATING

77

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City Scores and Ratings

A-

LIVABILITY

A+

COST

B-

EDUCATION

A+

CRIME

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Pros and Cons of Living in Lake City

You might be looking to move to Lake City, Colorado or just interested in the city’s livability, so to help you, we’ve put together the pros and cons of living in Lake City. This assessment ranks the factors used to assess livability and compares them against other cities on a national and state level. While this assessment should give a good detailed idea about the advantages and disadvantages of living in Lake City, it might not incorporate all areas that might appeal to some people.

Since moving to a new city can be a big decision. Hopefully, this evaluation will help you in your career change, relocation, or just a change.

Summary of Pros and Cons

Pros

Cons

  • Population Size

Details of Pros and Cons

Living in Lake City, Colorado

Lake City is a very small town in the state of Colorado which is located in the county of Hinsdale. Lake City hasn't seen a lot of growth of new residents over the past 5 years but maintained a small consistent amount of new residents moving into the small town. The population has reached 454 with a population growth rate of 1.5% in the last year and 6.2% in the last 5 years.Living in Lake City has a sparse suburban feel, which can be a nice mix between rural areas and larger suburban areas since there is more space for the money and generally still nice a tight knit community.

City Type:

Sparse Suburban

Home Value:

$293,600

Mortgage:

$1,514

The estimates above for a typical home value and mortgage are based on median values for the area. Data sources: American Community Survey and the US Census.

Is Lake City, Colorado a good place to live?

Yes, Lake City is a great place to live. Lake City ranks well in a combination of factors and diversity. Lake City  truly has something for everyone, and that’s why it’s a great place to call home.

Ultimately, what makes a great city to live in is subjective. Some people might prefer a smaller city with a tight-knit community, while others might prefer a larger city with more options. The important thing is that a city provides what its residents need and want. If a city has everything a person is looking for, it can be a great place to live.

There are a lot of factors that make a city a good place to live. One of the most important is affordability. Housing costs shouldn’t consume too much of a person’s income. Another important factor is job availability. A city should have a healthy economy and a variety of jobs to choose from.

A city also needs to be safe. People should feel comfortable walking around at night and there shouldn’t be a lot of crime. Amenities are another important factor. A city should have a variety of restaurants, bars, and other places to go out. It’s also nice if a city has a lot of parks and green spaces.

Finally, a city should be diverse. There should be a variety of cultures and religions represented. People should feel welcome to live in any part of the city. A city that meets all these criteria is a great place to live.

Pros and Cons Details

Pros of Living in Lake City

  • Livability – Lake City’s overall livability score is above average. This rating is the sum of the city’s data points and factors, and then a weighting of these variables is used to determine a good standard quality of life compared to other cities. The livability score considers education, crime, cost of living, and residents’ overall happiness calculated as a predictive index through our advanced statistical models.
  • Cost of Living – When choosing a new place to live, the cost of living is a significant consideration. The cost of living in Lake City is lower than the national average and most cities in the state. While some areas can be higher than others on a state and federal level, the overall average of housing costs, utilities, grocery items, transportation, health care, and miscellaneous goods and services are less expensive.
  • Crime – See our full report on crime in Lake City, and why it is a significant pro and consideration for living here.
  • Education – See our full report on education in Lake City, and why it is a significant pro and consideration for living here.
  • Low Poverty Rate – There is a lower poverty rates in Lake City than in other cities in the United States. The average poverty rate across cities in America is about 10-13%.

Cons of Living in Lake City

  • Population Size – The city only has 454 residents which is considered very small. Different surveys have shown that economic conditions are much worse in small towns than in bigger cities.

Population & Growth

Population

454

1 Year Growth

1.5%

5 Year Growth

6.2%

Who is Living in Lake City, Colorado? Demographics

This city's residents are typically middle aged adults. The median age in the city is about 50 years old. The typical family has on average 3.1 people including children and parents. In terms of diversity, on a national level, Lake City ranks number 9170 which is below the national average for diversity and on a state level ranks 124 which is below the state average.

 

 

Median Age:

50.3

Average Family Size:

3.1

People in Poverty %:

6%

Data sources: American Community Survey and the US Census.

A city’s demographics are important for a variety of reasons. From a business standpoint, knowing the age, income, and education level of a city’s residents can help companies to decide where to locate their businesses. It can also give them insight into what type of products or services will be in demand. For government officials, demographics can play a role in everything from budgeting to planning new infrastructure projects. And for individuals, it can be helpful to know the demographics of a city before moving there, as it can give you a sense of what to expect in terms of your neighbors and the overall atmosphere of the community.

Of course, demographics can also have some drawbacks. If a city’s residents are largely of one age group or income level, it can create challenges in providing adequate services and amenities. And if a city’s demographics change rapidly, it can be difficult for residents to keep up with the changing needs of the community. Nevertheless, knowing the demographics of a city is important for both individuals and businesses alike.

Population of Male and Female Residents

Male
44.5%
Female
55.5%

How Does Gender Imbalance Impact a City?

Gender imbalance is important when evaluating a city because it impacts many social aspects. So, what kind of impact on a city does gender imbalance have? According to many studies, there is no one exact answer to this question as it depends on the city and its specific situation. However, generally speaking, a city with a more balanced male-female population would be considered more stable and prosperous.

Studies about gender imbalances have shown that when there are too many or too few men in a population, it can lead to increased crime rates and other social problems. For example, in societies with a large gender imbalance, young men may be more likely to engage in criminal activity in order to prove their masculinity. Conversely, in societies with too many women, they may be at a disadvantage when competing for jobs and other resources.

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