Lakeland, TN
Full City Profile · Tennessee · Shelby County County
4.9
/5.0
A+
Excellent
14,068
Population
598/sq mi density
$113,843
Median Income
$52,019 per capita
$373,800
Home Value
$448,503 Zillow
$1,611
Median Rent
30.5% income on rent
61°F
Avg Temperature
A+
Overall
4.9 / 5.0
Strong
A+
Economy
4.9 / 5.0
$113,843 median income, 2.7% unemployment
A+
Affordability
4.8 / 5.0
$373,800 home value, $1,611/mo rent
A+
Education
5.0 / 5.0
55.7% bachelor's degree or higher
Income Overview
Median Household Income
$113,843
51% above
US avg: $75,149
Per Capita Income
$52,019
33% above
US avg: $39,052
Unemployment Rate
2.7%
25% below
US avg: 3.6%
Poverty Rate
1.6%
87% below
US avg: 12.4%
Income Comparison: Lakeland vs. U.S. Average
Each bar shows Lakeland’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$113,843
151%
Per Capita
US: $39,052
$52,019
133%
IRS Avg AGI
US: $72,000
$77,241
107%
Avg Weekly Wage
US: $1,432
$1,375
96%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,375
4% below US avg ($1,432)
Mean Commute Time
27 min
2% below US avg (28 min)
Work From Home
13.1%
14% below US avg (15.2%)
Drive Alone
80.2%
10% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$88,404M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
80.2%
Public Transit
0%
Work From Home
13.1%
Other
6.7%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
24,468
Restaurants
2,010
Healthcare
2,278
Retail
2,931
Manufacturing
536
Tax & Financial
IRS Avg Adjusted Gross Income
$77,241
7% above US avg ($72,000)
Avg Property Tax
$6,077
74% above US avg ($3,500)
Cost of Living Index
91.9
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $113,843 |
| Per Capita Income | $52,019 |
| IRS Avg Adjusted Gross Income | $77,241 |
| Avg Weekly Wage | $1,375 |
| County GDP | $88,404M |
Hardship Indicators
| Unemployment Rate | 2.7% |
| Poverty Rate | 1.6% |
| Gini Coefficient | 0.513 |
| Cost of Living Index | 91.9 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 80.2% |
| Public Transit | 0.0% |
| Work From Home | 13.1% |
Businesses
| Total Establishments | 24,468 |
| Restaurants | 2,010 |
| Healthcare | 2,278 |
| Retail | 2,931 |
| Manufacturing | 536 |
Tax
| IRS Avg AGI | $77,241 |
| Avg Property Tax | $6,077 |