North Lamar and Georgian Acres have a higher rate of poverty than many other U.S. neighborhoods. Around 20% of residents live below the poverty line, which is about two times greater than the average for Travis County and about one-and-a-half times more than the national average. Fortunately, the local poverty rate fell by 16 percentage points during the last decade.
We can also observe how some of the indicators linked to future prosperity are currently performing.
Homeownership is very low in North Lamar and Georgian Acres. Only 21% of homes are owner-occupied.
Housing growth during the last decade was positive in North Lamar and Georgian Acres. The number of local homes increased by 12%.
Long-term vacancy is very low in North Lamar and Georgian Acres. Less than 1% of homes sit empty and off the market.
Self-employment rates are high in North Lamar and Georgian Acres. Around 10% of workers work for themselves.