At a Glance
Median Income
$113,843
$52,019 per capita
Home Value
$373,800
Zillow: $448,503
Median Rent
$1,611/mo
30.5% of income on rent
Bachelor's Degree+
55.7%
98.1% high school+
Unemployment
2.7%
1.6% poverty rate
Obesity Rate
29.4%
10.6% smoking rate
How Lakeland Compares to the U.S. Average
Each bar shows Lakeland's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Lakeland a Good Place to Live?
A+
4.9 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Lakeland residents earn a median household income of $113,843 , which is 51% above the national average of $75,149.
Per capita income is $52,019. The unemployment rate stands at 2.7% (25% below the U.S. rate of 3.6%). 1.6% of residents live below the poverty line. The area is home to 24,468 business establishments, including 2,010 restaurants.
Housing & Cost of Living
The median home value in Lakeland is $373,800 , 33% above the national median of $281,900.
Zillow estimates the typical home at $448,503. Median rent is $1,611/month, with 30.5% of renters spending more than 30% of income on housing. The cost of living index is 91.9 (100 = national average). The median home was built in 1997.
Education
55.7% of adults in Lakeland hold a bachelor's degree or higher
(65% above the national average).
98.1% have completed high school. Local schools score 4.3/10 in standardized testing.
Climate & Weather
Lakeland has an average annual temperature of 61°F (16°C).
Winters average 40°F in January while summers reach 81°F in July. Annual precipitation totals 57.2 inches. Air quality is rated Moderate with a median AQI of 55.
Data Overview
People
Population14,068
Median Age39.5 yrs
Density598/mi²
Male / Female51% / 49%
Foreign Born10.3%
Veterans7.6%
Economy
A+
Median Income$113,843
Per Capita$52,019
Unemployment2.7%
Poverty1.6%
County GDP$88,404M
Avg Weekly Wage$1,375
Housing
A+
Home Value$373,800
Rent$1,611
Ownership80.2%
Zillow$448,503
Housing Units5,148
Rent Burden30.5%
Health
Obesity29.4%
Diabetes8.7%
Smoking10.6%
Heart Disease4.3%
Premature Death14,564/100K
Climate
Avg Temp61°F
Rain57.2 in/yr
AQI55 (Moderate)
Elevation290 ft
Education
A+
Bachelor's+55.7%
High School+98.1%
Graduate+21.2%
School Score4.3/10
Community
2024 VoteR 36% / D 62%
Commute27 min
Broadband96.3%
Internet Speed151 Mbps
EV Stations2
Libraries24
Did You Know?
The median home in Lakeland was built in 1997.
The nearest airport is Memphis International (21 miles).
The Gini coefficient (income inequality) is 0.513 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
5.4% of the population has a disability.
10.3% of residents are foreign-born.
Average internet download speed is 151 Mbps.
There are 2,010 restaurants in the area.
The county recorded 225 fatal vehicle crashes.
182 declared natural disasters on record.