Median Household Income
$56,347 ± $7,706
Median Home Value
$239,300 ± $12,723
Median Gross Rent
$1,110 ± $79/mo
Per Capita Income
$28,384
Poverty Rate
22.4%
Unemployment Rate
5.9%
Homeownership Rate
59.2%
Bachelor's Degree or Higher
20.8%
Median Age
42.7
Average Commute
22 min
Households
6,924
Veterans
972
Population Over Time
Lake Wales grew 14.5% from 2014 to 2024.
2014
14,665
2016
15,206
2018
15,735
2020
16,515
2022
16,455
2024
16,785
Population by Race & Ethnicity
White
50.0%
Hispanic or Latino
30.8%
Black or African American
21.8%
Asian
1.1%
Nearby Cities in Florida
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.