This is a small community in a single neighborhood.
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What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Lake Como is a very small borough located in the state of New Jersey. With a population of 1,693 people and just one neighborhood, Lake Como is the 442nd largest community in New Jersey.
Housing costs in Lake Como are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Occupations and Workforce
Lake Como is a decidedly white-collar borough, with fully 86.93% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Como is a borough of professionals, sales and office workers, and service providers. There are especially a lot of people living in Lake Como who work in sales jobs (13.25%), management occupations (12.43%), and teaching (10.88%).
Of important note, Lake Como is also a borough of artists. Lake Como has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Como’s character.
Setting & Lifestyle
Demographics
Do you like to read, write and learn? If you move to Lake Como, you'll likely find that many of your neighbors like to as well. Lake Como is one of the more educated communities in America, with a full 52.90% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Lake Como in 2018 was $60,237, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $240,948 for a family of four. However, Lake Como contains both very wealthy and poor people as well.
Lake Como is a very ethnically-diverse borough. The people who call Lake Como home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Como residents report their race to be White, followed by Black or African-American. Lake Como also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.78% of the borough’s residents. Important ancestries of people in Lake Como include Irish, Italian, German, English, and Polish.
The most common language spoken in Lake Como is English. Other important languages spoken here include Spanish and Slavic languages.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
People
If you're nearing retirement age, or in retirement, the is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.2% of retiree-friendly neighborhoods in New Jersey, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in New Jersey.
Diversity
Did you know that the neighborhood has more Irish and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.7% of this neighborhood's residents have Irish ancestry and 26.7% have Italian ancestry.
The Neighbors
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Lake Como are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.0% of the neighborhoods in America. With 19.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.1% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the neighborhood, 48.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.1%), and 9.8% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 79.7% of households. Some people also speak Spanish (15.6%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Lake Como, NJ, residents most commonly identify their ethnicity or ancestry as Irish (31.7%). There are also a number of people of Italian ancestry (26.7%), and residents who report German roots (12.3%), and some of the residents are also of Mexican ancestry (10.1%), along with some English ancestry residents (7.7%), among others. In addition, 12.4% of the residents of this neighborhood were born in another country.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (32.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (79.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
