Personal loans in Lake Point, UT

Lake Point is a small community in Utah, with an estimated 2,635 residents, and every licensed lender here follows the same state rulebook. From the 2020 Census base to the 2023 estimate, the population rose by about 14.2%. Compare APR, not the interest rate, because the APR folds in most fees on a Lake Point loan. The closest larger place is Erda, UT about 5 miles away.

Local context for Lake Point

Set out below is Lake Point's local context next to the state-level rules that reach every lender here.

• Population: about 2,635, ranked 111th of 255 places in Utah (Census Vintage 2023 subcounty estimate).
• Population trend: A gain of roughly 14.2% between 2020 and 2023.
• Net change: roughly 327 more people than the 2020 Census counted.
• Size percentile: Lake Point's 2,635 people outrank roughly 56% of the places in Utah.
• Population density: 576 people per square mile on 4.6 square miles of land.
• By land area: Lake Point ranks 143rd among Utah's 255 places, at 4.6 sq mi.
• State share: roughly 0.1% of Utah's residents live in Lake Point (2,635 people).
• Nationally: Lake Point is the 6,683rd-largest of 19,457 Census places in the dataset.
• Growth rank: Lake Point ranks 24th among Utah's 255 places for the 2020-to-2023 change.
• State comparison: Utah's places average +5.3% for 2020-to-2023, against Lake Point's 14.2%.
• Density rank: Lake Point is the 142nd most densely settled place in Utah.
• Against the state median: Lake Point runs about 576 residents per square mile, where the Utah median is 705.
• Location: coordinates 40.6834, -112.2656 (US Census Bureau Gazetteer).
• Nearest larger cities: Erda (5 mi); Magna metro (7 mi); Tooele (10 mi); Grantsville (12 mi); West Valley City (13 mi). Lenders licensed in the state serve Lake Point whether or not they keep a local branch.
• Smaller places nearby: Copperton metro (12 mi); Stockton (17 mi); Rush Valley (24 mi).
• Smaller places within 50 miles: 19 of them.
• Larger places within 100 miles: 92.

Lake Point against the rest of Utah

Among Utah's 255 places, Lake Point sits at 111th for population, a share of roughly 0.1% of the state. Its 2020-to-2023 change ranks 24th of 255 Utah places, putting it near the 91th percentile for growth. By density, at about 576 people per square mile, it ranks 142nd in Utah. The population moved by about 327 people between 2020 and 2023, a 14.2% shift.

Land, water and location for Lake Point

Lake Point's land area is roughly 4.6 square miles, and the Gazetteer records no significant water area within it. With 2,635 residents, the land area yields roughly 576 people per square mile. Salt Lake City, the largest place in Utah, is about 19 miles from Lake Point. Counting outward 50 miles, 66 larger communities surround Lake Point. The 100-mile radius contains 92 larger places.

The anatomy of a Lake Point personal loan

With roughly 2,635 residents, Lake Point is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Lake Point loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Lake Point loan but raises total interest, so the smallest payment is not the cheapest loan.

What is available to Lake Point borrowers

With about 576 residents per square mile, Lake Point is moderately settled, and 66 larger Census places sit within 50 miles. A Utah licence lets a lender serve Lake Point without a local office, so branch density does not change what its 2,635 residents are offered. The nearest larger city, Erda, UT about 5 miles away.

The Utah lending rules that reach Lake Point

This table holds the Utah rate and licensing rules for consumer loans made to Lake Point's 2,635 residents.