Lake Wales vs Cape Coral
| Lake Wales | Cape Coral | |
|---|---|---|
| Population | 16,455 | 198,912 |
| Median Household Income | $56,347 | $78,104 |
| Median Home Value | $239,300 | $373,500 |
| Median Gross Rent | $1,110/mo | $1,858/mo |
| Homeownership Rate | 59.2% | 77.2% |
| Unemployment Rate | 5.9% | 3.8% |
| Bachelor's Degree or Higher | 20.8% | 26.9% |
| Median Age | 42.7 | 48.6 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.