Lake Lorraine, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Lake Lorraine, Florida had a total population of 6,903, the 417th largest community in Florida, with a median household income of $104,105, which is 40% higher than the state average. The poverty rate is 6.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 40% above the state average — one of the wealthiest communities in Florida.
- Near full employment with an unemployment rate of just 2.1%.
Lake Lorraine Quick Facts
How Lake Lorraine Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,210 | 6,903 | -4.3% |
| Median household income | $91,619 | $104,105 | +13.6% |
| Median home value | $411,900 | $434,500 | +5.5% |
How Lake Lorraine Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Lorraine Rankings in Florida
Explore Florida Rankings
Other Cities in Okaloosa County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crestview | 28,773 | $65,480 | 11.2% | $277,900 |
| Wright | 27,927 | $70,195 | 16.7% | $306,100 |
| Fort Walton Beach | 21,025 | $68,538 | 13.3% | $321,800 |
| Niceville | 16,544 | $102,409 | 10.3% | $423,500 |
| Destin | 14,077 | $89,011 | 7.4% | $490,300 |
| Ocean City | 5,941 | $59,039 | 9.2% | $303,900 |
| Valparaiso | 4,885 | $90,110 | 3.4% | $394,700 |
| Mary Esther | 4,061 | $76,890 | 6.3% | $298,900 |
| Hurlburt Field | 2,951 | $61,731 | 1.3% | N/A |
| Eglin AFB | 2,778 | $84,167 | 2.7% | N/A |
Cities Similar to Lake Lorraine
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| St. Augustine Beach | 6,860 | $100,802 | $634,400 | 56.4% | 8.1% |
| Gulf Breeze | 6,660 | $104,050 | $505,600 | 57.3% | 6.0% |
| Belle Isle | 7,444 | $104,559 | $526,600 | 54.4% | 11.6% |
| Balm | 7,181 | $114,659 | $345,300 | 20.4% | 2.1% |
| Lochmoor Waterway Estates | 6,511 | $97,667 | $386,200 | 39.8% | 9.6% |
Population Overview
Lake Lorraine is a small city located in Florida, within Okaloosa County. The total population is 6,903. It ranks as the 417th most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Lake Lorraine is 41.7 years. This is 2% lower than the state median of 42.6 years.
Economy, Income & Housing
The median household income in Lake Lorraine is $104,105. This is 40% higher than the state median of $74,568. It is also 29% higher than the national median of $80,734. The poverty rate stands at 6.6%. This is 47% lower than the state poverty rate of 12.6%. The unemployment rate is 2.1%. This is 57% lower than the state rate of 4.8%. The median home value is $434,500. Housing costs are 21% higher than the state median of $359,000. The home-value-to-income ratio is 4.2x. 73.2% of occupied housing units are owner-occupied. This homeownership rate is 8% higher than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Lake Lorraine is White (non-Hispanic), making up 71.7% of the population. Hispanic or Latino residents account for 16.9%. The Black or African American population (2.6%) is well below the state average of 14.6%.
Education
49.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 45% higher 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 93.9%. Notably, 28.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lake Lorraine, 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 Lorraine, Florida?
Lake Lorraine, Florida has a population of 6,903 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Lorraine, FL?
The median household income in Lake Lorraine is $104,105, which is 29% higher than the national median of $80,734.
What is the poverty rate in Lake Lorraine, FL?
The poverty rate in Lake Lorraine is 6.6%. This means approximately 457 residents live below the federal poverty line.
What is the racial makeup of Lake Lorraine, Florida?
Lake Lorraine's population is 71.7% White, 2.6% Black, 16.9% Hispanic/Latino, and 3.2% Asian.
What is the median home value in Lake Lorraine, FL?
The median home value in Lake Lorraine is $434,500. The home-value-to-income ratio is 4.2x.
How educated is Lake Lorraine, Florida?
49.4% of adults (25+) in Lake Lorraine hold a bachelor's degree or higher, and 28.1% hold a graduate or professional degree.