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Lakeland, Florida Demographics & Population 2026

During the 2020–2024 ACS period, Lakeland, Florida had a total population of 119,961, the 20th largest city in Florida, with a median household income of $64,185, which is 14% lower than the state average. The poverty rate is 13.2%.

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

Lakeland Quick Facts

Population 119,961
Median Household Income $64,185
Median Home Value $249,400
Poverty Rate 13.2%
Unemployment Rate 4.5%
Median Age 38.9 years
Homeownership Rate 56.4%
Affordability Ratio 3.9x
Bachelor's Degree or Higher 29.4%
High School Graduation Rate 91.5%
Diversity Index 62/100
Population 119,961 20th of 955
Median Income $64,185 below average
Poverty Rate 13.2% 6% higher than national
Median Home Value $249,400 below average

How Lakeland 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
Population117,030119,961+2.5%
Median household income$60,947$64,185+5.3%
Median home value$229,100$249,400+8.9%

How Lakeland Compares

Economy & Housing

Household Income Distribution

Under $25K 17.3%
$25K-$50K 21.6%
$50K-$100K 33.9%
$100K+ 27.1%
Detailed income brackets
Under $10K
5.7%
$10K-$15K
4.1%
$15K-$20K
4.2%
$20K-$25K
3.4%
$25K-$30K
4.1%
$30K-$35K
4.7%
$35K-$40K
4.6%
$40K-$45K
4.3%
$45K-$50K
3.9%
$50K-$60K
7.0%
$60K-$75K
12.8%
$75K-$100K
14.1%
$100K-$125K
8.6%
$125K-$150K
5.1%
$150K-$200K
7.1%
$200K+
6.2%

Employment

4.5% Unemployment Rate State: 4.8%|National: 5.2%
57.0% Labor Force Participation

Housing Overview

Owner 56.4%
Renter 43.6%
Affordability Index Affordable
3.9x home value to income ratio
Median gross rent $1,395/mo 26.1% of median household income annually

People & Demographics

Diversity Index

62out of 100
High Diversity

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

State average: 65 | National average: 61

Education

Lakeland Rankings in Florida

#20 Population of 955
#570 Median Income of 911
#456 Education of 955
#630 Home Value of 901

Other Cities in Polk County

CityPopulationMedian IncomePovertyHome Value
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
Medulla 10,985 $70,802 8.8% $319,800

Cities Similar to Lakeland

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Spring Hill119,983$68,432$288,50019.9%11.8%
Clearwater117,247$66,381$361,30032.6%14.8%
Miami Gardens113,177$63,627$378,50018.1%13.6%
Pompano Beach114,147$67,195$349,30030.8%15.2%
West Palm Beach122,290$73,446$414,20039.2%14.1%

Population Overview

Lakeland is a major urban center located in Florida, within Polk County. The total population is 119,961. It ranks as the 20th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Lakeland is 38.9 years. This is 9% lower than the state median of 42.6 years. 10.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Lakeland is $64,185. This is 14% lower than the state median of $74,568. It is also 20% lower than the national median of $80,734. The poverty rate stands at 13.2%. This is 5% higher than the state poverty rate of 12.6%. The unemployment rate is 4.5%. This is 6% lower than the state rate of 4.8%. The median home value is $249,400. Housing costs are 31% lower than the state median of $359,000. The home-value-to-income ratio is 3.9x. 56.4% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in Lakeland is White (non-Hispanic), making up 54.9% of the population. Hispanic or Latino residents account for 20.5%.

Education

29.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% 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 91.5%.

Data Sources & Methodology

All demographic data for Lakeland, 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 Lakeland, Florida?

Lakeland, Florida has a population of 119,961 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lakeland, FL?

The median household income in Lakeland is $64,185, which is 20% lower than the national median of $80,734.

What is the poverty rate in Lakeland, FL?

The poverty rate in Lakeland is 13.2%. This means approximately 14,763 residents live below the federal poverty line.

What is the racial makeup of Lakeland, Florida?

Lakeland's population is 54.9% White, 17.9% Black, 20.5% Hispanic/Latino, and 2.5% Asian.

What is the median home value in Lakeland, FL?

The median home value in Lakeland is $249,400. The home-value-to-income ratio is 3.9x.

How educated is Lakeland, Florida?

29.4% of adults (25+) in Lakeland hold a bachelor's degree or higher, and 11.0% hold a graduate or professional degree.