2025 Compare Cities Economy:
Palatka, FL vs Lake Wales, FL

Change Cities
Highlights
- Household income in Lake Wales, is 75% more than it is in Palatka and is 40% below the National Average.
- Palatka unemployment rate is 6.3%.
- Lake Wales unemployment rate is 5.6%.
 Palatka, FLLake Wales, FLUnited States
 Unemployment Rate  Unlock5.6%6.0%
 Recent Job Growth  Unlock2.9%1.6%
 Future Job Growth25.9%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$17,056  Unlock$37,638
 Household Income  Unlock$49,226$69,021
 Family Median Income$35,284  Unlock$85,028
 space
 Est. Households By Income
 Palatka, FLLake Wales, FLUnited States
 Income Less Than 15K  Unlock17.2%9.4%
 Income between 15K and 20K8.1%  Unlock3.8%
 Income between 20K and 30K  Unlock9.9%8.1%
 Income between 30K and 40K12.4%  Unlock8.0%
 Income between 40K and 50K  Unlock8.5%7.6%
 Income between 50K and 60K7.6%  Unlock7.2%
 Income between 60K and 75K  Unlock13.2%9.6%
 Income between 75K and 100K3.9%  Unlock12.8%
 Income between 100K and 150K  Unlock7.9%16.3%
 Income between 150K and 200K2.0%  Unlock7.8%
 Income greater than 200K  Unlock1.8%9.5%
 space1
 Population By Occupation
 Palatka, FLLake Wales, FLUnited States
 Management, business, finance8.0%  Unlock16.4%
 Engineering, computers, science  Unlock1.2%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library4.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.1%2.0%
 Healthcare practitioners and technology3.9%  Unlock6.2%
 Healthcare support  Unlock6.4%3.3%
 Firefighters, law enforcement1.1%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance5.8%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support31.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.9%0.6%
 Construction, extraction, maintenance/repair8.8%  Unlock8.1%
 Production, transportation, material moving  Unlock19.4%13.1%
Reviews for Palatka    3 Reviews

Over 8 years ago

I have a lovely home on the outskirts of NW Palatka Bannerville area about 15 minutes from publix. Our well water (from the aquafier) is fabulous and the last time I  More

   |    Reply

Would love to hear your views on life in  More

   |    Reply

Over 19 years ago

Palatka is growing and will likely grow more in the near future. Although prices have escalated, housing is still less expensive than St. Augustine. Many people will  More

   |    Reply

Start Your Review of Palatka

Reviews for Lake Wales    2 Reviews

Over 18 years ago

I have lived in Lake Wales, Florida for almost 8 years. Most of the people are very nice, but it can be very difficult to find a decent job there. The weather is pretty  More

   |    Reply

Over 18 years ago

Lake Wales, Fl has great weather year round. Although summers can be quite hot, most of the year is very enjoyable and  More

   |    Reply

Start Your Review of Lake Wales


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.