The median household income in Lake Wales, FL in 2022 was $56,887, which was 21.8% less than the median annual income of $69,303 across the entire state of Florida. Compared to the median income of $26,884 in 2000 this represents an increase of 52.7%. The per capita income in 2022 was $26,263, which means an increase of 38.7% compared to 2000 when it was $16,106.
Whole page based on the data from 2000 / 2022 when the population of Lake Wales, Florida was 10,194 / 17,599
Income statistics for all residents
Median household income in Lake Wales, FL in 2022:
Lake Wales:
$56,887
Florida:
$69,303
Change in median household income between 2000 and 2022:
Lake Wales, Florida:
+111.6%
State:
+78.5%
Number of households with income < $10k:
Lake Wales:
10.0% (753)
Florida:
5.6% (495,572)
Number of households with income $10k - 20k:
Lake Wales:
12.2% (918)
Florida:
6.9% (612,816)
Number of households with income $20k - 30k:
Lake Wales:
9.6% (724)
State:
7.7% (679,608)
Number of households with income $30k - 40k:
Lake Wales:
8.2% (614)
State:
8.0% (710,126)
Number of households with income $40k - 50k:
Lake Wales:
5.3% (398)
State:
7.8% (687,940)
Number of households with income $50k - 60k:
Lake Wales:
5.8% (435)
Florida:
7.6% (675,076)
Number of households with income $60k - 75k:
Lake Wales:
11.7% (877)
Florida:
9.7% (858,354)
Number of households with income $75k - 100k:
Lake Wales:
17.3% (1,302)
State:
13.4% (1,181,540)
Number of households with income $100k - 125k:
Lake Wales:
11.9% (893)
State:
9.6% (851,620)
Number of households with income $125k - 150k:
Lake Wales:
2.5% (187)
Florida:
6.4% (560,854)
Number of households with income $150k - 200k:
Lake Wales:
4.3% (320)
State:
7.7% (677,227)
Number of households with income > $200k:
Lake Wales:
1.3% (100)
Florida:
9.5% (835,661)
Aggregate household income in Lake Wales in 2022: $451,596,176
Median family income in Lake Wales in 2022:
Lake Wales:
$71,638
Florida:
$83,410
Number of families with income < $10k:
Lake Wales:
7.5% (339)
State:
3.5% (196,709)
Number of families with income $10k - 20k:
Lake Wales:
4.1% (187)
Florida:
3.9% (220,255)
Number of families with income $20k - 30k:
Lake Wales:
8.2% (373)
State:
5.8% (332,003)
Number of families with income $30k - 40k:
Lake Wales:
5.7% (257)
Florida:
6.9% (391,565)
Number of families with income $40k - 50k:
Lake Wales:
6.8% (307)
State:
7.2% (407,691)
Number of families with income $50k - 60k:
Lake Wales:
8.3% (377)
State:
7.3% (415,240)
Number of families with income $60k - 75k:
Lake Wales:
14.7% (670)
State:
10.2% (580,095)
Number of families with income $75k - 100k:
Lake Wales:
22.4% (1,018)
Florida:
14.6% (830,079)
Number of families with income $100k - 125k:
Lake Wales:
13.3% (603)
State:
11.3% (640,676)
Number of families with income $125k - 150k:
Lake Wales:
2.0% (89)
State:
7.8% (442,580)
Number of families with income $150k - 200k:
Lake Wales:
5.0% (227)
Florida:
9.4% (536,171)
Number of families with income > $200k:
Lake Wales:
2.1% (94)
State:
12.2% (691,335)
Median non-family income in Lake Wales in 2022:
Lake Wales:
$29,312
Florida:
$43,665
Change in median non-family income between 2000 and 2022:
Lake Wales, Florida:
+58.9%
Florida:
+76.1%
Median per capita income in Lake Wales in 2022:
Lake Wales:
$26,263
State:
$40,278
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+63.1%
Florida:
+86.8%
Income statistics for White residents
Median household income in Lake Wales, FL in 2022:
Lake Wales:
$66,673
Florida:
$74,559
Change in median household income between 2000 and 2022:
Lake Wales, Florida:
+126.6%
Florida:
+82.7%
Number of households with income < $10k:
Lake Wales:
7.6% (328)
Florida:
4.9% (270,741)
Number of households with income $10k - 20k:
Lake Wales:
11.9% (515)
State:
6.1% (337,688)
Number of households with income $20k - 30k:
Lake Wales:
7.0% (304)
State:
7.2% (395,954)
Number of households with income $30k - 40k:
Lake Wales:
7.1% (306)
Florida:
7.5% (411,553)
Number of households with income $40k - 50k:
Lake Wales:
5.9% (256)
State:
7.5% (410,613)
Number of households with income $50k - 60k:
Lake Wales:
6.0% (260)
State:
7.6% (416,709)
Number of households with income $60k - 75k:
Lake Wales:
9.9% (425)
State:
9.5% (523,639)
Number of households with income $75k - 100k:
Lake Wales:
21.2% (913)
Florida:
13.3% (732,030)
Number of households with income $100k - 125k:
Lake Wales:
11.8% (508)
State:
10.2% (559,463)
Number of households with income $125k - 150k:
Lake Wales:
3.8% (164)
Florida:
6.9% (379,323)
Number of households with income $150k - 200k:
Lake Wales:
6.1% (264)
State:
8.3% (456,076)
Number of households with income > $200k:
Lake Wales:
1.6% (71)
State:
11.1% (610,258)
Aggregate household income in Lake Wales in 2022: $284,276,689
Median family income in Lake Wales in 2022:
Lake Wales:
$88,962
Florida:
$93,222
Number of families with income < $10k:
Lake Wales:
4.7% (117)
State:
2.6% (89,721)
Number of families with income $10k - 20k:
Lake Wales:
3.6% (90)
State:
3.0% (101,720)
Number of families with income $20k - 30k:
Lake Wales:
3.2% (80)
State:
4.5% (154,795)
Number of families with income $30k - 40k:
Lake Wales:
3.5% (87)
Florida:
5.7% (194,218)
Number of families with income $40k - 50k:
Lake Wales:
5.8% (143)
State:
6.4% (219,550)
Number of families with income $50k - 60k:
Lake Wales:
3.0% (74)
State:
7.0% (238,045)
Number of families with income $60k - 75k:
Lake Wales:
15.9% (394)
Florida:
9.6% (328,141)
Number of families with income $75k - 100k:
Lake Wales:
31.4% (778)
State:
14.8% (503,988)
Number of families with income $100k - 125k:
Lake Wales:
15.6% (388)
State:
12.0% (409,184)
Number of families with income $125k - 150k:
Lake Wales:
3.1% (78)
State:
8.8% (298,895)
Number of families with income $150k - 200k:
Lake Wales:
7.3% (181)
State:
10.6% (359,290)
Number of families with income > $200k:
Lake Wales:
2.8% (69)
State:
14.9% (507,279)
Median non-family income in Lake Wales in 2022:
Lake Wales:
$28,855
State:
$46,674
Change in median non-family income between 2000 and 2022:
Lake Wales, Florida:
+43.1%
State:
+81.2%
Median per capita income in Lake Wales in 2022:
Lake Wales:
$31,705
Florida:
$48,094
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+64.0%
State:
+101.1%
Income statistics for Black or African American residents
Median household income in Lake Wales, FL in 2022:
Lake Wales:
$31,867
State:
$52,796
Change in median household income between 2000 and 2022:
Lake Wales, Florida:
+43.9%
State:
+88.3%
Number of households with income < $10k:
Lake Wales:
15.7% (229)
Florida:
8.6% (101,054)
Number of households with income $10k - 20k:
Lake Wales:
17.7% (258)
State:
9.3% (110,079)
Number of households with income $20k - 30k:
Lake Wales:
9.8% (143)
State:
10.4% (122,525)
Number of households with income $30k - 40k:
Lake Wales:
17.8% (260)
Florida:
10.6% (124,619)
Number of households with income $40k - 50k:
Lake Wales:
1.6% (24)
State:
8.7% (102,300)
Number of households with income $50k - 60k:
Lake Wales:
9.1% (133)
State:
8.1% (95,745)
Number of households with income $60k - 75k:
Lake Wales:
12.7% (186)
Florida:
10.1% (118,757)
Number of households with income $75k - 100k:
Lake Wales:
6.2% (91)
State:
12.3% (144,919)
Number of households with income $100k - 125k:
Lake Wales:
6.4% (93)
State:
8.1% (95,395)
Number of households with income $125k - 150k:
Lake Wales:
0.9% (13)
Florida:
4.5% (53,276)
Number of households with income $150k - 200k:
Lake Wales:
1.9% (28)
State:
5.4% (63,827)
Number of households with income > $200k:
Lake Wales:
0.1% (1)
State:
3.9% (45,695)
Aggregate household income in Lake Wales in 2022: $64,623,974
Median family income in Lake Wales in 2022:
Lake Wales:
$56,131
State:
$62,875
Number of families with income < $10k:
Lake Wales:
11.5% (102)
Florida:
6.1% (46,041)
Number of families with income $10k - 20k:
Lake Wales:
5.3% (47)
State:
6.1% (45,591)
Number of families with income $20k - 30k:
Lake Wales:
13.3% (118)
State:
9.2% (69,363)
Number of families with income $30k - 40k:
Lake Wales:
19.7% (174)
State:
10.1% (75,779)
Number of families with income $40k - 50k:
Lake Wales:
2.3% (20)
State:
8.4% (63,129)
Number of families with income $50k - 60k:
Lake Wales:
9.8% (87)
Florida:
7.6% (56,971)
Number of families with income $60k - 75k:
Lake Wales:
14.0% (124)
Florida:
11.5% (86,172)
Number of families with income $75k - 100k:
Lake Wales:
9.8% (87)
Florida:
13.7% (102,895)
Number of families with income $100k - 125k:
Lake Wales:
11.7% (104)
Florida:
10.0% (74,750)
Number of families with income $125k - 150k:
Lake Wales:
0.5% (5)
State:
5.6% (42,384)
Number of families with income $150k - 200k:
Lake Wales:
2.2% (19)
State:
6.9% (51,824)
Median non-family income in Lake Wales in 2022:
Lake Wales:
$16,401
State:
$34,782
Change in median non-family income between 2000 and 2022:
Lake Wales, Florida:
+19.3%
Florida:
+98.9%
Median per capita income in Lake Wales in 2022:
Lake Wales:
$20,152
State:
$26,700
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+72.2%
Florida:
+112.2%
Income statistics for Asian residents
Aggregate household income in Lake Wales in 2022: $3,358,593
Median per capita income in Lake Wales in 2022:
Lake Wales:
$33,161
State:
$46,365
Income statistics for Hispanic or Latino residents
Median household income in Lake Wales, FL in 2022:
Lake Wales:
$50,060
State:
$64,482
Change in median household income between 2000 and 2022:
Lake Wales, Florida:
+54.2%
State:
+87.8%
Number of households with income < $10k:
Lake Wales:
15.3% (294)
State:
5.9% (120,841)
Number of households with income $10k - 20k:
Lake Wales:
7.6% (146)
State:
7.8% (158,824)
Number of households with income $20k - 30k:
Lake Wales:
17.1% (329)
State:
7.8% (158,797)
Number of households with income $30k - 40k:
Lake Wales:
2.7% (51)
Florida:
8.4% (171,736)
Number of households with income $40k - 50k:
Lake Wales:
6.3% (121)
State:
8.5% (174,397)
Number of households with income $50k - 60k:
Lake Wales:
0.9% (18)
State:
7.9% (160,816)
Number of households with income $60k - 75k:
Lake Wales:
11.3% (217)
State:
10.6% (215,567)
Number of households with income $75k - 100k:
Lake Wales:
16.0% (308)
Florida:
14.1% (288,590)
Number of households with income $100k - 125k:
Lake Wales:
19.8% (381)
State:
9.4% (192,146)
Number of households with income $125k - 150k:
Lake Wales:
1.0% (19)
State:
5.7% (115,883)
Number of households with income $150k - 200k:
Lake Wales:
0.7% (13)
State:
6.8% (139,384)
Number of households with income > $200k:
Lake Wales:
1.3% (25)
State:
7.0% (143,116)
Aggregate household income in Lake Wales in 2022: $102,237,528
Median family income in Lake Wales in 2022:
Lake Wales:
$49,294
Florida:
$70,631
Number of families with income < $10k:
Lake Wales:
11.8% (142)
State:
4.3% (62,648)
Number of families with income $10k - 20k:
Lake Wales:
13.1% (157)
State:
4.8% (70,980)
Number of families with income $20k - 30k:
Lake Wales:
12.4% (150)
Florida:
7.7% (112,768)
Number of families with income $30k - 40k:
Lake Wales:
1.3% (15)
State:
8.3% (121,408)
Number of families with income $40k - 50k:
Lake Wales:
11.8% (141)
Florida:
8.6% (127,058)
Number of families with income $50k - 60k:
Lake Wales:
14.5% (174)
State:
8.2% (121,066)
Number of families with income $60k - 75k:
Lake Wales:
8.0% (96)
State:
11.3% (165,746)
Number of families with income $75k - 100k:
Lake Wales:
13.5% (162)
State:
14.5% (213,504)
Number of families with income $100k - 125k:
Lake Wales:
10.5% (126)
State:
10.3% (151,829)
Number of families with income $150k - 200k:
Lake Wales:
1.2% (15)
Florida:
7.5% (109,536)
Number of families with income > $200k:
Lake Wales:
2.0% (24)
State:
8.1% (118,912)
Median per capita income in Lake Wales in 2022:
Lake Wales:
$20,322
State:
$30,491
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+67.2%
Florida:
+100.6%
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Lake Wales:
0.0% (0)
State:
5.8% (1,524)
Number of households with income $10k - 20k:
Lake Wales:
0.0% (0)
Florida:
5.2% (1,374)
Number of households with income $20k - 30k:
Lake Wales:
0.0% (0)
Florida:
9.5% (2,512)
Number of households with income $30k - 40k:
Lake Wales:
0.0% (0)
Florida:
5.4% (1,420)
Number of households with income $40k - 50k:
Lake Wales:
31.0% (9)
Florida:
10.0% (2,632)
Number of households with income $50k - 60k:
Lake Wales:
0.0% (0)
State:
5.5% (1,437)
Number of households with income $60k - 75k:
Lake Wales:
0.0% (0)
Florida:
13.9% (3,664)
Number of households with income $75k - 100k:
Lake Wales:
0.0% (0)
State:
16.0% (4,217)
Number of households with income $100k - 125k:
Lake Wales:
69.0% (20)
State:
9.4% (2,483)
Number of households with income $125k - 150k:
Lake Wales:
0.0% (0)
State:
4.6% (1,204)
Number of households with income $150k - 200k:
Lake Wales:
0.0% (0)
Florida:
8.7% (2,294)
Number of households with income > $200k:
Lake Wales:
0.0% (0)
Florida:
6.1% (1,604)
Aggregate household income in Lake Wales in 2022: $852,815
Median per capita income in Lake Wales in 2022:
Lake Wales:
$33,698
Florida:
$25,874
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+103.1%
State:
+55.9%
Income statistics for Multirace residents
Median household income in Lake Wales, FL in 2022:
Lake Wales:
$78,271
State:
$66,563
Number of households with income < $10k:
Lake Wales:
13.0% (141)
State:
5.8% (83,509)
Number of households with income $10k - 20k:
Lake Wales:
1.6% (17)
Florida:
8.3% (119,018)
Number of households with income $20k - 30k:
Lake Wales:
6.5% (71)
State:
7.6% (108,964)
Number of households with income $30k - 40k:
Lake Wales:
5.0% (54)
Florida:
7.8% (112,273)
Number of households with income $40k - 50k:
Lake Wales:
6.5% (71)
State:
8.1% (116,736)
Number of households with income $50k - 60k:
Lake Wales:
0.0% (0)
Florida:
7.5% (108,182)
Number of households with income $60k - 75k:
Lake Wales:
12.9% (140)
State:
10.0% (142,830)
Number of households with income $75k - 100k:
Lake Wales:
24.8% (269)
State:
14.3% (205,066)
Number of households with income $100k - 125k:
Lake Wales:
29.7% (323)
State:
9.1% (130,357)
Number of households with income $125k - 150k:
Lake Wales:
0.0% (0)
State:
5.8% (83,865)
Number of households with income $150k - 200k:
Lake Wales:
0.0% (0)
State:
7.2% (103,107)
Number of households with income > $200k:
Lake Wales:
0.0% (0)
State:
8.4% (120,637)
Aggregate household income in Lake Wales in 2022: $75,474,207
Median family income in Lake Wales in 2022:
Lake Wales:
$60,163
Florida:
$74,522
Number of families with income < $10k:
Lake Wales:
13.8% (85)
Florida:
3.9% (38,985)
Number of families with income $20k - 30k:
Lake Wales:
4.1% (25)
State:
7.2% (73,049)
Number of families with income $30k - 40k:
Lake Wales:
2.4% (15)
State:
7.5% (76,278)
Number of families with income $40k - 50k:
Lake Wales:
17.4% (107)
State:
8.2% (83,077)
Number of families with income $50k - 60k:
Lake Wales:
36.5% (225)
State:
7.8% (78,864)
Number of families with income $75k - 100k:
Lake Wales:
13.7% (84)
State:
15.0% (151,268)
Number of families with income $100k - 125k:
Lake Wales:
12.2% (75)
State:
10.2% (103,154)
Median non-family income in Lake Wales in 2022:
Lake Wales:
$86,861
State:
$40,061
Median per capita income in Lake Wales in 2022:
Lake Wales:
$27,231
Florida:
$31,893
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+132.4%
State:
+136.0%
Income statistics for other residents
Number of households with income < $10k:
Lake Wales:
8.4% (32)
Florida:
6.1% (28,059)
Number of households with income $10k - 20k:
Lake Wales:
0.0% (0)
State:
7.0% (32,348)
Number of households with income $20k - 30k:
Lake Wales:
45.4% (174)
Florida:
8.0% (36,819)
Number of households with income $30k - 40k:
Lake Wales:
1.6% (6)
State:
10.2% (47,209)
Number of households with income $40k - 50k:
Lake Wales:
7.0% (27)
State:
9.3% (43,006)
Number of households with income $50k - 60k:
Lake Wales:
6.0% (23)
Florida:
8.2% (38,018)
Number of households with income $60k - 75k:
Lake Wales:
23.5% (90)
State:
11.4% (52,577)
Number of households with income $75k - 100k:
Lake Wales:
5.0% (19)
Florida:
14.6% (67,588)
Number of households with income $100k - 125k:
Lake Wales:
0.0% (0)
Florida:
9.0% (41,737)
Number of households with income $125k - 150k:
Lake Wales:
0.0% (0)
Florida:
5.4% (24,841)
Number of households with income $150k - 200k:
Lake Wales:
3.1% (12)
State:
5.9% (27,334)
Number of households with income > $200k:
Lake Wales:
0.0% (0)
State:
5.0% (22,928)
Aggregate household income in Lake Wales in 2022: $21,350,200
Median per capita income in Lake Wales in 2022:
Lake Wales:
$14,100
State:
$27,276
Change in median per capita income between 2000 and 2022:
Lake Wales, Florida:
+41.5%
State:
+138.6%
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