Median Age
42 Years
Largest Age Group
10-19 Years
Approximately 13% of Residents
Under 20
24%
Over 65
26%
Avg Rent
$1,386
Population
18,742
Renter Mix
40% Rent
Lake Wales rises atop one of Florida's highest ridges, where rolling hills and citrus groves give the landscape a texture rarely found in the Sunshine State. Daily life here moves at a measured pace, anchored by the scenic Lake Wailes at the city's center, a revitalizing historic downtown, and easy access to Tampa and Orlando, both roughly 60 miles away. Polk County's SR 60 corridor and the streets radiating from downtown put shopping, dining, and green space within reach for most residents.
The rental landscape spans garden-style apartment communities with open, airy layouts to smaller residential-scale buildings tucked into older neighborhoods. Single-family rentals also appear throughout the city, reflecting a housing stock built across several decades and a range of architectural styles. New construction continues on the outskirts, broadening the choices available to renters.
Florida's Natural Growers, a major juice producer on U.S. Highway 27, is among the city's largest employers, while Warner University brings a private liberal arts presence to the community. An downtown revitalization, inspired by Frederick Law Olmsted Jr.'s early-20th-century vision of 'a city as a garden,' is actively reshaping the core of Lake Wales, drawing new shops and improving pedestrian connections across the district.
Mountain Lake Golf and country Club is a private course where residents can play on a premier course designed by famous architect Seth Raynor
The historic Rhodesbilt Arcade building features an array of shops & dining options for guests.
Enjoy the sunshine and walk around the lake at Lake Wales Park.
The downtown district remains a hub of activity, featuring local businesses and restaurants.
Beautiful, lakefront properties can be seen in Lake Wales.
Clean, paved pathways along a beautiful lake at Lake Wales Park.
Median Household Income
$48,056
Average: $61,320
Education
3,673
Residents Have a Degree
Job Market
7,287
Workers Employed
Median Age
42 Years
Largest Age Group
10-19 Years
Approximately 13% of Residents
Under 20
24%
Over 65
26%
Housing Distribution
Lake Wales has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of September 2026, the average apartment rent in Lake Wales, FL is $1,198 for a studio, $1,386 for one bedroom, $1,557 for two bedrooms, and $1,759 for three bedrooms. Apartment rent in Lake Wales has increased by 3.7% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Lake Wales, FL is for everyday living.
Somewhat Walkable
Walkability
Exceptionally Drivable
Drivability
Somewhat Bikeable
Bikeability
Public
Grades PK-5
673 Students
Public
Grades PK-5
516 Students
Public
Grades PK-5
524 Students
Public
Grades PK-5
513 Students
Public
Grades PK-12
468 Students
Public
Grades 6-8
743 Students
Public
Grades 6-8
642 Students
Mclaughlin Middle School And Fine Arts Academy
Public
Grades 6-12
899 Students
Public
Grades 6-12
289 Students
Public
Grades PK-12
468 Students
Public
Grades PK & 9-12
1,619 Students
Mclaughlin Middle School And Fine Arts Academy
Public
Grades 6-12
899 Students
Public
Grades 6-12
289 Students
Public
Grades PK-12
468 Students
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.