Lakeland, Florida’s Galloway is a nice example of a suburban community. The median home price in Galloway is significantly higher than the median home price in both Florida and the rest of the United States, by a wide margin. Compared to many other areas in Florida, rents here are now more affordable.
Small and medium-sized single-family homes, apartment complexes, and high-rise flats make up the bulk of Galloway real estate. Owners and tenants alike make up the vast majority of the residential population. Many homes in the Galloway area are well-established without being ancient; most were constructed between 1970 and 1999. A considerable number of houses were also constructed between the years 2000 and now.
The aesthetic qualities of a neighborhood, including its houses and surrounding environment, are often the first things that people notice about it. Although at first glance two seemingly identical locations may include vastly different vocational and cultural communities, the true character of a given area may not emerge until after a person has lived there for some time. There are a number of significant ways in which this area stands out from others. The Galloway neighborhood in New Jersey is home to a larger concentration of people of West Indian and Cuban descent than any other community in the United States.
The median and the 95th and 95th percentiles of a neighborhood’s income are two complementing measurements. While the median household income in a given area could be high, knowing the percentage of residents, and especially children, who are living at or below the federal poverty line is crucial. We can learn more about the conditions and character of a neighborhood from the fact that some areas with a lower average income have a lower childhood poverty rate than an area with a higher average income.
Galloway is an intermediate income neighborhood in Lakeland since its residents are mostly middle class. The median household income in the Galloway area is significantly higher than that of almost 40% of all American neighborhoods combined. A smaller percentage of children (17 and under) here are poor than in more than 70 percent of American areas, at just 4 percent.
Forty percent of the workforce in the Galloway area is composed of people who work in executive, managerial, and professional jobs. With 24% of the working population, jobs in manufacturing and labor are the second most important economic driver in this area. About 15% of the local population is employed in administrative, assistant, and technical support roles, while the remaining 80% are in sales and service roles ranging from dealing with major sales accounts to fast food eateries.