The City of Lake Wales had a population of 15,935 as of July 1, 2019. Lake Wales ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.
The primary coordinate point for Lake Wales is located at latitude 27.9014 and longitude -81.5859 in Polk County. The formal boundaries for the City of Lake Wales encompass a land area of 18.93 sq. miles and a water area of 1.26 sq. miles. Polk County is in the Eastern time zone (GMT -5). The elevation is 148 feet.
The City of Lake Wales (GNIS ID: 2404869) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Lake Wales is located within Lake Wales CCD of Polk County.
HOUSING AFFORDABILITY INDEX
|Lake Wales, FL Housing Affordability Index is 139 |
State of Florida Housing Affordability Index is 113
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Lake Wales, FL Wealth Index is 60 |
State of Florida Wealth Index is 94
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
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|Total Population||15,935 (100%)|
|Population in Households||15,680 (98.4%)|
|Population in Families||12,412 (77.9%)|
|Population in Group Quarters1||255 ( 1.6%)|
|Median Household Income||$40,500|
|Average Household Income||$55,075|
|Per Capita Income||$21,934|
|Total Housing Units||7,584 (100%)|
|Owner Occupied HU||3,607 (47.6%)|
|Renter Occupied HU||2,798 (36.9%)|
|Vacant Housing Units||1,179 (15.5%)|
|Median Home Value||$153,870|
|Housing Affordability Index3||139|
|Average Household Size||2.45|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.89%|
|Per Capita Income||3.31%|
The table below compares Lake Wales to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 233||75th|
|Population Density||# 625||32nd|
|Diversity Index||# 166||82nd|
|Median Household Income||# 705||23rd|
|Per Capita Income||# 663||28th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.