Lake Wales, FL Profile: Facts & Data

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Lake Wales, Florida - Basic Facts

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.


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  1. Lake Wales 2019 Demographic Data
  2. Growth Rates for Lake Wales (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Lake Wales, FL Data & Demographics (As of July 1, 2019)

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.

WEALTH INDEX

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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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Florida COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

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%)
Population Density 852
Diversity Index2 70
 

INCOME

Median Household Income $40,500
Average Household Income $55,075
Per Capita Income $21,934
Wealth Index4 60

HOUSING

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
 

HOUSEHOLDS

Total Households 6,405
Average Household Size 2.45
Family Households 4,120
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.28% 1.36%
Households 1.14% 1.28%
Families 0.98% 1.19%
Median Household Income   2.89%
Per Capita Income   3.31%

Lake Wales, FL - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

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