Lake Shore, UT Profile: Facts & Data

The Lake Shore CDP⁽¹⁾ had a population of 701 as of July 1, 2024. Lake Shore ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Utah. See peer rankings below.

The primary coordinate point for Lake Shore is located at latitude 40.1219 and longitude -111.7305 in Utah County. The formal boundaries for the Lake Shore Census Designated Place encompass a land area of 10.92 sq. miles and a water area of 0.01 sq. miles. Utah County is in the Mountain time zone (GMT -7).

The Lake Shore Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Utah is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Lake Shore Census Designated Place is located within Spanish Fork-Payson Division of Utah County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Shore, UT Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	701 (100%)
Population in Households	689 (98.3%)
Population in Families	617 (88.0%)
Population in Group Quarters¹	12 ( 1.7%)
Population Density	102
Diversity Index²	40


INCOME
Median Household Income	$89,078
Average Household Income	$118,648
% of Income for Mortgage⁴	48%
Per Capita Income	$39,634
Wealth Index⁵	106
Socioeconomic Status Index⁶	Moderate (59.8)

HOUSING
Total HU (Housing Units)	244 (100%)
Owner Occupied HU	177 (72.5%)
Renter Occupied HU	57 (23.4%)
Vacant Housing Units	10 ( 4.1%)
Median Home Value	$678,191
Average Home Value	$702,260
Housing Affordability Index³	55

HOUSEHOLDS
Total Households	234
Average Household Size	2.94
Family Households	182
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Shore, UT - Peer Comparisons by Rank and Percentile

The table below compares Lake Shore to the other 334 incorporated cities, towns and CDPs in Utah by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-3.12%	-0.55%
Households	-0.50%	0.17%
Families		-0.33%
Median Household Income		3.48%
Per Capita Income		3.96%
Owner Occupied HU		-0.11%

Variable Description	Rank	Percentile
Total Population	# 198	41st
Population Density	# 250	25th
Median Household Income	# 138	59th
Housing Affordability Index	# 68	20th
Per Capita Income	# 114	66th
Diversity Index	# 133	60th

Lake Shore, UT Profile: Facts & Data

Lake Shore, Utah - Basic Facts

Lake Shore, UT Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Shore, UT - Peer Comparisons by Rank and Percentile

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