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Lake Success, NY

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Lake Success is a very small village located in the state of New York. With a population of 2,807 people and just one neighborhood, Lake Success is the 488th largest community in New York.

Lake Success home prices are not only among the most expensive in New York, but Lake Success real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Lake Success is a decidedly white-collar village, with fully 97.51% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Success is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in Lake Success who work in healthcare (19.76%), sales jobs (13.14%), and management occupations (12.97%).

Also of interest is that Lake Success has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Lake Success is also a village of artists. Lake Success has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Lake Success’s character.

A relatively large number of people in Lake Success telecommute to their jobs. Overall, about 14.60% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

Because of many things, Lake Success is a great place for families with children to consider. First of all, many other families with children live here, making Lake Success a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lake Success has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Success’s overall crime rate is lower than average for the country.

One downside of living in Lake Success is that it can take a long time to commute to work. In Lake Success, the average commute to work is 31.86 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative.

Even though Lake Success is a smaller village, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

Demographics

If knowledge is power, Lake Success is a pretty powerful place. 61.40% of the adults in Lake Success have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Lake Success in 2018 was $90,611, which is wealthy relative to New York and the nation. This equates to an annual income of $362,444 for a family of four.

Lake Success is an extremely ethnically-diverse village. The people who call Lake Success home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Success residents report their race to be Asian, followed by White. Important ancestries of people in Lake Success include Italian, Polish, Russian, Eastern European, and Irish.

Foreign born people are also an important part of Lake Success's cultural character, accounting for 32.81% of the village’s population.

The most common language spoken in Lake Success is English. Other important languages spoken here include Chinese and Langs. of India.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.6% of America's neighborhoods are wealthier than the neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

In addition, according to NeighborhoodScout's exclusive analysis, is among the best neighborhoods for families in New York. In fact, this neighborhood is more family-friendly than 99.0% of neighborhoods in the entire state of New York. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and active retirees.

Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the neighborhood, where 40.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.3% of the neighborhoods in America.

Real Estate

One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.4% of all American neighborhoods.

Modes of Transportation

In the neighborhood, 14.6% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.4% of the neighborhoods in America.

Diversity

Did you know that the neighborhood has more Asian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 53.2% of this neighborhood's residents have Asian ancestry and 1.8% have Eastern European ancestry.

is also pretty special linguistically. Significantly, 28.0% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

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 Success are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.4% of the neighborhoods in America. In addition, 2.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 73.5% of America'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, 66.2% 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 25.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.9%), and 2.5% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 55.7% of households. Other important languages spoken here include Chinese, Korean, Langs. of India and Spanish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the neighborhood in Lake Success, NY, residents most commonly identify their ethnicity or ancestry as Asian (53.2%). There are also a number of people of Italian ancestry (2.7%), and residents who report Polish roots (1.9%), and some of the residents are also of Russian ancestry (1.8%), along with some Eastern European ancestry residents (1.8%), among others. In addition, 32.8% 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 (32.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.6%) and 11.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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Educational Expenditures

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