Cost of Living,
Lake Wales's Real Estate Market
Lakeland Metro Area
Profile: Mid-sized city/Resort city Location: Central Florida, 25 miles inland from the Tampa Bay area Elevation: 214 Time zone: Eastern Standard Time
|Leisure activities||Growth & sprawl|
|Cost of living||Low educational attainment|
|Attractive setting||Summer heat and humidity|
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Lakeland historically has been a major agricultural center with citrus growing, processing, and distribution, and a large phosphate mining industry mainly to the west. Winter Haven is a rapidly growing resort area to the east, and both places, taking advantage of a strategic location between major Florida centers of Tampa Bay and Orlando and relatively low housing costs, are becoming retirement and family living destinations.
The supermarket chain Publix is the largest private employer, and generates employment through a number of its suppliers. There is also a large hospital and health care complex. Not surprisingly from the area’s name, nearby lakes provide an assortment of watersports, and the region has a growing number of golf-course communities. Baseball spring training camps round out the entertainment options.
Florida Southern University brings a small college-town element and features the largest collection of buildings by Frank Lloyd Wright in one place. The walkable downtown Lakeland is on the rebound, with renewal projects and some new residential construction along a small lakefront. Cost of living and especially housing have grown but remain reasonable by Florida standards, but downsides include areas of overdevelopment and a surprisingly low educational attainment. As reflected in commute statistics, some do commute to the Tampa Bay area.
Lakeland–Winter Haven has a level landscape with a mix of open agricultural, orchard, and wooded areas of stately cypress trees. The humid subtropical climate creates very warm, humid, summer days with highs in the 90’s, lows in the upper 60’s and 70’s, and frequent afternoon showers and thundershowers. Winters are mild with a few days of below freezing temperatures each year, but lingering cold weather seldom occurs. The inland location prevents major damage from hurricanes.
Interesting Facts about Lake_Wales, Florida
As of 2014, Lake Wales's population is 14,268 people. Since 2000, it has had a population growth of 13.73 percent.--------------------
The median home cost in Lake Wales is $85,500. Home appreciation the last year has been 6.20 percent.--------------------
Compared to the rest of the country, Lake Wales's cost of living is 14.40% Lower than the U.S. average.--------------------
Lake Wales public schools spend $10,471 per student. The average school expenditure in the U.S. is $12,435. There are about 15 students per teacher in Lake Wales.--------------------
The unemployment rate in Lake Wales is 6.40 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Lake Wales jobs have Increased by 2.29 percent.
Ranked #25 Drought-Riskiest Cities
Ranked #81 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #84 America's Migraine Hot Spots
Ranked #126 2005 Best Places to Live
Ranked #337 Best Green Cities
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Average Commute time is 22 minutes. The National Average is 25 minutes.--------------------
Lake Wales's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes