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Lake Wales has a population of approximately 16,173 and experiences a population change rate of 58.65%. The population density is 864.2 / sq mi .
The median household income for Lake Wales is $49,226, with 6,646 households and an average household size of 2.38.
The median value of a home in Lake Wales is $231,600 with an appreciation rate of 25.40%. 47.92% of housing in the state is owned while 34.31% is rented.
The cost of living in Lake Wales is 89.2 %.
The unemployment rate in Lake Wales is 2.80%, and recent job growth is at 2.92%. Future job growth is projected at 58.04%.
The sales tax rate in Lake Wales is 7.00%, while the income tax rate is 0.00% .
School expenditures in Lake Wales are $10,984, and the school ratio is 17.8:1.
The average high temperature in July is 92.5 degrees, with an average low temperature in January of 50.2 degrees. The average rainfall is approximately 50.7 inches per year, with 0 inches of snow per year.
