Lakeland, Florida Income Statistics
Lakeland Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Lakeland Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lakeland | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,570 | $74,580 | $80,455 |
| Median Personal Income | $49,716 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.4% | 4.8% |
| Six-Figure Earners | 8.0% | 11.6% | 13.9% |
| $200k+ Households | 6.5% | 11.0% | 13.2% |
The median household income in Lakeland is about 12% lower than in Florida. Income has been growing faster in Lakeland (5.7%/yr) than in Florida (5.4%/yr).
About 8% of adults in Lakeland earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lakeland, Florida grew by 58.3% from 2009 to 2024, reaching $65,570 in 2024. That's an average of about 5.7% per year.
Lakeland has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2024, at 19% lower. The gap has held fairly steady over the period.
Income Distribution in Lakeland
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 13,471 households (28.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 25.5% of households in Lakeland had an income under $35,000 and 13.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Lakeland has a larger share of households earning $50,000 to $74,999 (19.8% vs 15.5%) and a smaller share earning $200,000 or more (6.5% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 2,611 | 5.5% | 5.1% |
| $10,000 to $14,999 | 1,878 | 3.9% | 3.5% |
| $15,000 to $24,999 | 3,540 | 7.4% | 6.4% |
| $25,000 to $34,999 | 4,192 | 8.8% | 6.7% |
| $35,000 to $49,999 | 6,042 | 12.6% | 10.1% |
| $50,000 to $74,999 | 9,493 | 19.8% | 15.5% |
| $75,000 to $99,999 | 6,656 | 13.9% | 12.6% |
| $100,000 to $149,999 | 6,974 | 14.6% | 17.4% |
| $150,000 to $199,999 | 3,361 | 7.0% | 9.5% |
| $200,000 or more | 3,135 | 6.5% | 13.2% |
Shares are of all 47,881 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 8,043 residents (8.0% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 9.2% of residents who have any income.
In 2024, 12.6% of Lakeland residents aged 15 and over reported no personal income, 32.2% had some income but less than $25,000, and 14.7% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Lakeland has a larger share of residents earning $25,000 to $34,999 (12.1% vs 9.5%) and a smaller share earning $100,000 or more (8.0% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 12,598 | 12.6% | 12.8% |
| $1 to $9,999 | 11,777 | 11.7% | 11.2% |
| $10,000 to $14,999 | 8,749 | 8.7% | 7.0% |
| $15,000 to $24,999 | 11,821 | 11.8% | 10.5% |
| $25,000 to $34,999 | 12,129 | 12.1% | 9.5% |
| $35,000 to $49,999 | 13,652 | 13.6% | 12.6% |
| $50,000 to $74,999 | 14,877 | 14.8% | 14.3% |
| $75,000 to $99,999 | 6,729 | 6.7% | 8.2% |
| $100,000 or more | 8,043 | 8.0% | 13.9% |
Shares are of the 100,376 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Lakeland
| Metric | Lakeland | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.551 | 0.552 |
| Male Median Income | $58,251 | $60,595 | $69,667 |
| Female Median Income | $50,022 | $50,762 | $56,850 |
| Gender Pay Gap | 14.1% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lakeland, it is 0.539, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Lakeland, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $288,015 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lakeland, Florida has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 12% in 2018. In dollar terms, the gap has narrowed by $224 since 2009.
Employment
| Metric | Lakeland | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 13.7% | 15.7% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 2,422 people are unemployed in Lakeland, Florida.
The average commute time in Lakeland is 20 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lakeland, Florida has fallen from 11.3% to 4.2% in 2024. Over that period the rate peaked at 13.5% in 2013.
Lakeland started 2.6 points above the U.S. unemployment rate in 2011 but had dropped below it by 2022, and has not been above it since. In 2024 its rate was 1.0 point lower.
Conclusion
Considering all these factors, Lakeland, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lakeland, Florida.
How Rich Is Lakeland, Florida?
Lakeland has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $65,570, about 12% lower than the Florida average of $74,580.
How fast is household income rising in Lakeland, Florida?
Between 2009 and 2024, the median household income in Lakeland, Florida rose 58%, from $41,411 to $65,570. Over the same years, income here outpaced Florida as a whole: +58% against +57%.
What was the median household income in Lakeland in 2023?
In 2023, the median household income in Lakeland, Florida was $61,942, up 5% from $59,173 in 2022. The Florida median that year was $71,864.
What was the median household income in Lakeland in 2020?
In 2020, the median household income in Lakeland, Florida was $50,076. By 2024 it had risen 31% to $65,570.
What is the Gini coefficient in Lakeland, Florida?
The Gini coefficient in Lakeland is 0.539. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lakeland, Florida?
Since 2009, the income gap between men and women in Lakeland, Florida has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 12% in 2018. In dollar terms, the gap has narrowed by $224 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →