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ZipNumbers

Florida · Census place 38950

Lake Wales city, FL

Quick answer

Lake Wales city has 16,365 residents, ranking #242 of 955 places in Florida. Median household income is $55,799, the median home is worth $225,900 and median gross rent runs $1,060 a month.

Population
16,365Lake Wales city residents
Median household income
$55,799Past 12 months, inflation adjusted
Median home value
$225,900Owner-occupied units
Median gross rent
$1,060Rent plus utilities, monthly
Median age
41.1 yrsAll residents
Homeownership rate
61%Owner-occupied households

What the numbers mean in Lake Wales city

Housing cost measured against local earnings.

A household earning the Lake Wales city median would spend about 22.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.4% of residents and 61% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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