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Lake Alfred, Florida Demographics & Population 2026

During the 2020–2024 ACS period, Lake Alfred, Florida had a total population of 7,277, the 404th largest city in Florida, with a median household income of $67,202, which is 10% lower than the state average. The poverty rate is 9.4%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Lake Alfred Quick Facts

Population 7,277
Median Household Income $67,202
Median Home Value $239,900
Poverty Rate 9.4%
Unemployment Rate 6.5%
Median Age 33.8 years
Homeownership Rate 70.1%
Affordability Ratio 3.6x
Bachelor's Degree or Higher 24.4%
High School Graduation Rate 86.5%
Diversity Index 64/100
Population 7,277 404th of 955
Median Income $67,202 average
Poverty Rate 9.4% 25% lower than national
Median Home Value $239,900 bottom 30%

How Lake Alfred Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population6,8037,277+7.0%
Median household income$68,854$67,202-2.4%
Median home value$226,800$239,900+5.8%

How Lake Alfred Compares

Economy & Housing

Household Income Distribution

Under $25K 19.1%
$25K-$50K 19.0%
$50K-$100K 27.3%
$100K+ 34.5%
Detailed income brackets
Under $10K
1.2%
$10K-$15K
0.7%
$15K-$20K
3.7%
$20K-$25K
13.5%
$25K-$30K
6.6%
$30K-$35K
1.6%
$35K-$40K
3.4%
$40K-$45K
5.2%
$45K-$50K
2.1%
$50K-$60K
1.4%
$60K-$75K
12.4%
$75K-$100K
13.5%
$100K-$125K
6.8%
$125K-$150K
4.2%
$150K-$200K
13.6%
$200K+
10.0%

Employment

6.5% Unemployment Rate State: 4.8%|National: 5.2%
67.6% Labor Force Participation

Housing Overview

Owner 70.1%
Renter 29.9%
Affordability Index Affordable
3.6x home value to income ratio
Median gross rent $1,349/mo 24.1% of median household income annually

People & Demographics

Diversity Index

64out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 65 | National average: 61

Education

Lake Alfred Rankings in Florida

#404 Population of 955
#525 Median Income of 911
#553 Education of 955
#647 Home Value of 901

Other Cities in Polk County

CityPopulationMedian IncomePovertyHome Value
Lakeland 119,961 $64,185 13.2% $249,400
Poinciana 75,068 $68,015 14.9% $290,700
Winter Haven 55,200 $59,648 16.4% $269,800
Haines City 34,234 $65,975 16.1% $288,900
Bartow 20,438 $68,178 18.1% $234,100
Auburndale 18,530 $77,911 9.6% $296,200
Lake Wales 16,785 $56,347 22.4% $239,300
Highland City 13,276 $90,947 5.9% $347,100
Davenport 13,238 $73,685 14.1% $333,300
Lakeland Highlands 12,102 $108,263 2.7% $385,000

Cities Similar to Lake Alfred

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Willow Oak7,454$65,688$276,30013.4%24.7%
Loughman7,591$66,273$336,00022.1%10.3%
South Apopka7,300$61,151$280,50018.7%28.1%
West Miami7,162$61,274$488,80040.0%12.9%
Broadview Park7,119$73,786$365,00018.2%18.8%

Population Overview

Lake Alfred is a small city located in Florida, within Polk County. The total population is 7,277. It ranks as the 404th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Lake Alfred is 33.8 years. This is 21% lower than the state median of 42.6 years.

Economy, Income & Housing

The median household income in Lake Alfred is $67,202. This is 10% lower than the state median of $74,568. It is also 17% lower than the national median of $80,734. The poverty rate stands at 9.4%. This is 25% lower than the state poverty rate of 12.6%. The unemployment rate is 6.5%. This is 35% higher than the state rate of 4.8%. The median home value is $239,900. Housing costs are 33% lower than the state median of $359,000. The home-value-to-income ratio is 3.6x. 70.1% of occupied housing units are owner-occupied. This homeownership rate is 4% higher than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in Lake Alfred is White (non-Hispanic), making up 50.4% of the population. Hispanic or Latino residents account for 30.3%. The Asian population is significantly higher than the state average (5.1% vs 2.9%).

Education

24.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.5%.

Data Sources & Methodology

All demographic data for Lake Alfred, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lake Alfred, Florida?

Lake Alfred, Florida has a population of 7,277 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake Alfred, FL?

The median household income in Lake Alfred is $67,202, which is 17% lower than the national median of $80,734.

What is the poverty rate in Lake Alfred, FL?

The poverty rate in Lake Alfred is 9.4%. This means approximately 675 residents live below the federal poverty line.

What is the racial makeup of Lake Alfred, Florida?

Lake Alfred's population is 50.4% White, 11.7% Black, 30.3% Hispanic/Latino, and 5.1% Asian.

What is the median home value in Lake Alfred, FL?

The median home value in Lake Alfred is $239,900. The home-value-to-income ratio is 3.6x.

How educated is Lake Alfred, Florida?

24.4% of adults (25+) in Lake Alfred hold a bachelor's degree or higher, and 7.2% hold a graduate or professional degree.