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Lake Toxaway, NC

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





Overview


Lake Toxaway is a very small town located in the state of North Carolina. With a population of 1,355 people and just one neighborhood, Lake Toxaway is the 369th largest community in North Carolina.

Lake Toxaway real estate is some of the most expensive in North Carolina, although Lake Toxaway house values don't compare to the most expensive real estate in the U.S.

Occupations and Workforce

Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Lake Toxaway is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Lake Toxaway is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Lake Toxaway who work in sales jobs (22.18%), food service (9.59%), and healthcare (6.39%).

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

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.72% 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.

Setting & Lifestyle

Another notable thing is that Lake Toxaway is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

Because of many things, Lake Toxaway is a great place for families with children to consider. First of all, many other families with children live here, making Lake Toxaway 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 town’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 Toxaway has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Toxaway’s overall crime rate is lower than average for the country.

It is a fairly quiet town because there are relatively few of those groups of people who have a tendency to be noisy. (Children, for example, often can't help themselves from being noisy, and being parents ourselves, we know!) Lake Toxaway has relatively few families with children living at home, and is quieter because of it. Renters and college students, for their own reasons, can also be noisy. Lake Toxaway has few renters and college students. But the biggest reason it is quieter in Lake Toxaway than in most places in America, is that there are just simply fewer people living here. If you think trees make good neighbors, Lake Toxaway may be for you.

As is often the case in a small town, Lake Toxaway doesn't have a public transportation system that people use for their commute.

Demographics

The population of Lake Toxaway is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.30% of adults in Lake Toxaway have a bachelor's degree or even advanced degree.

The per capita income in Lake Toxaway in 2022 was $38,098, which is upper middle income relative to North Carolina and the nation. This equates to an annual income of $152,392 for a family of four. However, Lake Toxaway contains both very wealthy and poor people as well.

The people who call Lake Toxaway home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Toxaway residents report their race to be White. Important ancestries of people in Lake Toxaway include English, Scots-Irish, German, Irish, and Scottish.

The most common language spoken in Lake Toxaway is English. Other important languages spoken here include Italian and Polish.

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.

Real Estate

Despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 54.1%, which is higher than 99.0% of all U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.4% of all American neighborhoods.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the neighborhood may actually hold the key. 69.7% of its residents are married, which is a higher percentage than is found in 96.0% of the neighborhoods in America.

In addition, if you're planning where to retire, the neighborhood in Lake Toxaway is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in NC, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.6% of the neighborhoods in North Carolina. If you are considering retiring to North Carolina, this is a good neighborhood to look at. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the neighborhood has more Scots-Irish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.0% of this neighborhood's residents have Scots-Irish ancestry and 3.9% have British ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Lake Toxaway are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.8% of U.S. neighborhoods. With 26.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.1% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the neighborhood, 41.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.6%), and 11.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 100.0% of households.

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 Toxaway, NC, residents most commonly identify their ethnicity or ancestry as English (14.2%). There are also a number of people of Scots-Irish ancestry (11.0%), and residents who report German roots (6.7%), and some of the residents are also of Irish ancestry (5.6%), along with some Scottish ancestry residents (4.2%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (32.1% of working residents), one of the shortest commutes across America.

Here most residents (83.6%) drive alone in a private automobile to get to work. 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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