Lake Forest Park is a somewhat small city located in the state of Washington. With a population of 13,186 people and four associated neighborhoods, Lake Forest Park is the 75th largest community in Washington.
Lake Forest Park home prices are not only among the most expensive in Washington, but Lake Forest Park real estate also consistently ranks among the most expensive in America.
Also of interest is that Lake Forest Park has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 23.19% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
In addition, Lake Forest Park is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Lake Forest Park is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lake Forest Park really has some of the features that families look for when choosing a good community to raise children. Is Lake Forest Park perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One downside of living in Lake Forest Park, however, is that residents on average have to contend with a long commute, spending on average 32.36 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Even though Lake Forest Park is a smaller city, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Lake Forest Park is a pretty powerful place. 65.15% of the adults in Lake Forest Park 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 Forest Park in 2022 was $72,992, which is wealthy relative to Washington and the nation. This equates to an annual income of $291,968 for a family of four.
Lake Forest Park is a very ethnically-diverse city. The people who call Lake Forest Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Forest Park residents report their race to be White, followed by Asian. Important ancestries of people in Lake Forest Park include German, English, Irish, Norwegian, and European.
The most common language spoken in Lake Forest Park is English. Other important languages spoken here include Chinese and Spanish.