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ZipNumbers

Tennessee · Census place 40350

Lakeland city, TN

Quick answer

Lakeland city has 14,068 residents, ranking #44 of 504 places in Tennessee. Median household income is $113,843, the median home is worth $373,800 and median gross rent runs $1,611 a month.

Population
14,068Lakeland city residents
Median household income
$113,843Past 12 months, inflation adjusted
Median home value
$373,800Owner-occupied units
Median gross rent
$1,611Rent plus utilities, monthly
Median age
39.5 yrsAll residents
Homeownership rate
80.2%Owner-occupied households

What the numbers mean in Lakeland city

Housing cost measured against local earnings.

A household earning the Lakeland city median would spend about 17% 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 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.4% of residents and 80.2% 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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