CensusEasy
CITY · 2020 ACS

Lake Caroline

Virginia · 2,511 residents · 2.838 sq mi
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The short version

Lake Caroline has roughly average household income, with a median household income of $60,820. The city has grown rapidly, with population up 65% since 2019. Median home value is $204,800.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 38.4
US median: 38.8
More educated
41% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,511
+65%since 2019
from 1,523 in 2019
2010 – 2024
Population density
885 / sq mi
+65%since 2019
from 537 / sq mi in 2019
US average: 280
Median age
38.4
−13%since 2019
from 44.3 in 2019
US average: 38.8
Population, 2010 – 2024
1K2K2K3K3K201020202024Lake Caroline
20243K
201020202024
Section 02

Income & economy

Median household income
$60,820
+17%inflation adjusted, since 2019
from $51,394 in 2019
US average: $66,278
2010 – 2024
Per capita income
$30,718
−11%since 2019
from $34,636 in 2019
US average: $35,364
Households earning $100K+
22.7%
−1.8 ptssince 2019
from 24.4% in 2019
US average: 43.9%
Poverty rate
17.4%
+4.9 ptssince 2019
from 12.4% in 2019
US average: 12.8%
Workforce by industry, 2020
Finance & insurance20%
US avg: 5.5%
Professional, scientific, technical20%
US avg: 4.7%
Wholesale trade9.6%
US avg: 6.7%
Information9%
US avg: 11.1%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Retail trade0%
US avg: 10%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
Other services0%
US avg: 6.6%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$204,800
+5%inflation adjusted, since 2019
from $192,300 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$1,306
−5%inflation adjusted, since 2019
from $1,352 in 2019
US average: $1,124
Owner-occupied
84.9%
+2.1 ptssince 2019
from 82.8% in 2019
15.1% rent
Afford Score
3.4
−10%since 2019
from 3.7 in 2019
2010 – 2024
RELATED:See current rent listings in Lake Caroline on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic72.3%(1,101)
Black26%(396)
Hispanic / Latino1.7%(26)
Asian0%(0)
Other0%(0)
Diversity Score51.2%(780)
2020
White, non-Hispanic73.1%(1,836)
Black13.7%(344)
Hispanic / Latino5.3%(134)
Asian1.1%(28)
Other0%(0)
Diversity Score45.1%(1,131)
Diversity Score
45
−12%since 2019
from 51 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
40.8%
+10.4 ptssince 2019
from 30.5% in 2019
US average: 32.9%
High school or higher
100.0%
+2.5 ptssince 2019
from 97.5% in 2019
US average: 88.5%
Graduate degree
7.1%
+2.5 ptssince 2019
from 4.6% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
54.3 min
+13%since 2019
from 48.1 min in 2019
US average: 26.9
Drive alone to work
84.5%
−5.6 ptssince 2019
from 90.1% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.0%
−13.5 ptssince 2019
from 13.5% in 2019
US average: 5.4%
Labor force participation
55.6%
+6.6 ptssince 2019
from 49.0% in 2019
US average: 63.4%
Management & professional
41.3%
−9.8 ptssince 2019
from 51.2% in 2019
US average: 39.3%
Section 08

People & community

Male
44.1%
+1.3 ptssince 2019
from 42.9% in 2019
Female
55.9%
−1.3 ptssince 2019
from 57.1% in 2019
Foreign born
3.7%
+0.8 ptssince 2019
from 2.8% in 2019
US average: 13.5%
Uninsured
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.8%
Drill deeper

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Frequently asked

How many people live in Lake Caroline, Virginia?

Lake Caroline, Virginia has about 2,511 residents according to the 2020 American Community Survey.

What is the median household income in Lake Caroline, Virginia?

The typical household in Lake Caroline, Virginia earns about $60,820 a year. Half of households make more than that, and half make less.

Is Lake Caroline, Virginia expensive?

In Lake Caroline, Virginia, the median home is worth about $204,800, and the typical rent is about $1,306 a month.

How educated are people in Lake Caroline, Virginia?

About 40.8% of adults age 25 and over in Lake Caroline, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Lake Caroline, Virginia?

About 17.4% of people in Lake Caroline, Virginia live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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