Lakeland, Tennessee Demographics & Population 2026
During the 2020–2024 ACS period, Lakeland, Tennessee had a total population of 14,192, the 45th largest city in Tennessee, with a median household income of $116,250, which is 67% higher than the state average. The poverty rate is 3.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 67% above the state average — one of the wealthiest communities in Tennessee.
- An exceptionally low poverty rate of 3.2% — among the lowest in Tennessee.
- 53.1% of adults hold a bachelor's degree or higher — top 10% in Tennessee.
Lakeland Quick Facts
How Lakeland 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 | 14,068 | 14,192 | +0.9% |
| Median household income | $113,843 | $116,250 | +2.1% |
| Median home value | $373,800 | $388,900 | +4.0% |
How Lakeland 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: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
Lakeland Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Shelby County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Memphis | 618,980 | $51,736 | 23.1% | $169,000 |
| Bartlett | 56,876 | $102,070 | 5.1% | $310,400 |
| Collierville | 51,515 | $138,598 | 3.2% | $485,900 |
| Germantown | 40,673 | $149,920 | 2.7% | $470,800 |
| Arlington | 15,205 | $135,105 | 4.9% | $424,400 |
| Millington | 11,289 | $49,979 | 16.5% | $207,300 |
Cities Similar to Lakeland
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Arlington | 15,205 | $135,105 | $424,400 | 51.2% | 4.9% |
| White House | 14,631 | $90,019 | $344,800 | 26.8% | 7.0% |
| Powell | 13,739 | $82,434 | $299,400 | 30.6% | 4.1% |
| Middle Valley | 12,187 | $95,000 | $319,400 | 30.8% | 5.1% |
| Nolensville | 15,074 | $177,148 | $777,800 | 66.6% | 2.1% |
Population Overview
Lakeland is a small city located in Tennessee, within Shelby County. The total population is 14,192. It ranks as the 45th most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in Lakeland is 41.0 years. This is 5% higher than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Lakeland is $116,250. This is 67% higher than the state median of $69,595. It is also 44% higher than the national median of $80,734. The poverty rate stands at 3.2%. This is 77% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.8%. This is 40% lower than the state rate of 4.7%. The median home value is $388,900. Housing costs are 36% higher than the state median of $286,700. The home-value-to-income ratio is 3.3x. 79.2% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 66.9%.
Race & Ethnicity
The largest racial or ethnic group in Lakeland is White (non-Hispanic), making up 69.5% of the population. Black or African American residents account for 12.7%. The Asian population is significantly higher than the state average (5.9% vs 1.9%).
Education
53.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Lakeland in the top 10% of all cities in the state for educational attainment. This is 71% higher than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.9%. Notably, 20.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lakeland, Tennessee 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 Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. 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, Tennessee?
Lakeland, Tennessee has a population of 14,192 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lakeland, TN?
The median household income in Lakeland is $116,250, which is 44% higher than the national median of $80,734.
What is the poverty rate in Lakeland, TN?
The poverty rate in Lakeland is 3.2%. This means approximately 455 residents live below the federal poverty line.
What is the racial makeup of Lakeland, Tennessee?
Lakeland's population is 69.5% White, 12.7% Black, 8.6% Hispanic/Latino, and 5.9% Asian.
What is the median home value in Lakeland, TN?
The median home value in Lakeland is $388,900. The home-value-to-income ratio is 3.3x.
How educated is Lakeland, Tennessee?
53.1% of adults (25+) in Lakeland hold a bachelor's degree or higher, and 20.3% hold a graduate or professional degree.