In 2023, Lake Wales, FL had a population of 16.4k people with a median age of 41.1 and a median household income of $55,799. Between 2022 and 2023 the population of Lake Wales, FL declined from 16,455 to 16,365, a −0.547% decrease and its median household income declined from $55,833 to $55,799, a −0.0609% decrease.
The 5 largest ethnic groups in Lake Wales, FL are White (Non-Hispanic) (47.6%), Black or African American (Non-Hispanic) (19.2%), Two+ (Hispanic) (12.9%), Other (Hispanic) (9.94%), and White (Hispanic) (7.76%).
None of the households in Lake Wales, FL reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
95% of the residents in Lake Wales, FL are U.S. citizens.
The largest universities in Lake Wales, FL are Ruben's Five Star Academy (36 degrees awarded in 2022).
In 2023, the median property value in Lake Wales, FL was $225,900, and the homeownership rate was 61%.
Most people in Lake Wales, FL drove alone to work, and the average commute time was 26.4 minutes. The average car ownership in Lake Wales, FL was 2 cars per household.