Last updated: 2024 BLS data · Page refreshed:
Lake Wales has a population of 16,785 with a median age of 42.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 16,785 |
| Median Age | 42.7 |
| White | 50.0% |
| Black or African American | 21.8% |
| Asian | 1.1% |
| Hispanic or Latino | 30.8% |
The median household income in Lake Wales is $56,347, which is 30.1% below the national median of $80,610. The per capita income is $28,384. The poverty rate is 22.4%.
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In Lake Wales, 87.5% of residents age 25+ have a high school diploma or higher, and 20.8% hold a bachelor's degree or higher (6.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.5% |
| Bachelor's Degree or Higher | 20.8% |
| Graduate or Professional Degree | 6.6% |
The median home value in Lake Wales is $239,300, below the national median of $303,400. The median monthly rent is $1,110. The homeownership rate is 59.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $239,300 |
| Median Monthly Rent | $1,110 |
| Homeownership Rate | 59.2% |
| Vacancy Rate | 15.8% |
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