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Lakeland, Tennessee

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
14,192
Population
$116,250
Median Income
$388,900
Home Value
41.0
Median Age

Demographics

Lakeland has a population of 14,192 with a median age of 41.0. Here is the racial and ethnic breakdown of the population:

White
71.0%
Black
12.7%
Hispanic
8.6%
Asian
6.0%
Other
1.7%
Demographic Value
Total Population14,192
Median Age41.0
White71.0%
Black or African American12.7%
Asian6.0%
Hispanic or Latino8.6%
Other / Two or More Races1.7%
Lakeland, Tennessee — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 71.0%Black: 12.7%Hispanic/Latino: 8.6%Asian: 6.0%Other: 1.7%14,192PopulationWhiteWhite71.0%BlackBlack12.7%Hispanic/LatinoHispanic/Latino8.6%AsianAsian6.0%OtherOther1.7%

Income & Economy

The median household income in Lakeland is $116,250, which is 44.2% above the national median of $80,610. The per capita income is $56,035. The poverty rate is 3.2%.

$116,250
Median Household Income
$56,035
Per Capita Income
3.2%
Poverty Rate

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Education

In Lakeland, 96.9% of residents age 25+ have a high school diploma or higher, and 53.1% hold a bachelor's degree or higher (20.3% with a graduate or professional degree).

HS Diploma+
96.9%
Bachelor's+
53.1%
Graduate+
20.3%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher53.1%
Graduate or Professional Degree20.3%

Housing

The median home value in Lakeland is $388,900, above the national median of $303,400. The median monthly rent is $1,755. The homeownership rate is 79.2%.

$388,900
Median Home Value
$1,755/mo
Median Rent
79.2%
Homeownership Rate
Housing Metric Value
Median Home Value$388,900
Median Monthly Rent$1,755
Homeownership Rate79.2%
Vacancy Rate3.7%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Lakeland, Tennessee?
The population of Lakeland, Tennessee is 14,192 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lakeland, Tennessee?
The median household income in Lakeland, Tennessee is $116,250. This is 44.2% above the national median of $80,610.
What is the median home value in Lakeland, Tennessee?
The median home value in Lakeland, Tennessee is $388,900. The median monthly rent is $1,755.
What percentage of people in Lakeland have a college degree?
In Lakeland, Tennessee, 53.1% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Lakeland, Tennessee an affordable place to live?
The home price-to-income ratio in Lakeland, Tennessee is 3.3x (median home value $388,900 vs. median income $116,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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