Lake Mary, FL
Population 16,724 · Florida
About Lake Mary, FL
Lake Mary is a mid-sized city in Florida with a population of 16,724 residents. The median household income is $116,944 per year, which is above the national average. The median age in Lake Mary is 43.1 years.
Housing in Lake Mary has a median home value of $462,200 and median monthly rent of $1,999. Of the 7,319 total housing units, the majority are owner-occupied, with 4,609 owner-occupied and 2,331 renter-occupied units.
The unemployment rate in Lake Mary is 2.4% and the poverty rate is 2.2%. 54.4% of residents hold a bachelor's degree or higher. The average commute time is 24.6 minutes.
Cost of Living in Lake Mary, FL
Compared to national averages, Lake Mary has a median household income of $116,944 (56% above the national median of $75,149). Home values average $462,200, which is 89% above the national median. Monthly rent at $1,999 is 72% above the US average of $1,163. Within Florida, Lake Mary's income is 54% above the state average of $75,893, and home values are 31% above the state median of $353,675.
Why Live in Lake Mary, FL?
Lake Mary offers a strong local economy with a median household income of $116,944, well above the national average, and a strong job market with an unemployment rate of just 2.4%, and a well-educated community where 54.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.2%, better than the national average, and short commute times averaging just 24.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $462,200. However, Lake Mary’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Mary has a population of 16,724 with a median age of 43.1 years. Compare Lake Mary with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Mary
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wildwood | 16,739 | $71,858 | $419,700 | Compare |
| Vero Beach | 16,785 | $67,351 | $392,500 | Compare |
| Myrtle Grove | 16,637 | $63,011 | $182,600 | Compare |
| Mount Dora | 16,812 | $69,931 | $316,100 | Compare |
| Belle Glade | 16,818 | $47,191 | $141,100 | Compare |
| Palmetto Estates | 16,587 | $82,199 | $412,200 | Compare |
| Three Lakes | 16,426 | $91,364 | $434,800 | Compare |
| Safety Harbor | 17,040 | $105,813 | $433,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Mary
What is the population of Lake Mary, FL?
The population of Lake Mary, FL is 16,724 according to the latest Census data.
What is the median household income in Lake Mary?
The median household income in Lake Mary, FL is $116,944 per year.
What is the median home value in Lake Mary?
The median home value in Lake Mary, FL is $462,200.
What is the average rent in Lake Mary?
The median monthly rent in Lake Mary, FL is $1,999.
What is the unemployment rate in Lake Mary?
The unemployment rate in Lake Mary, FL is 2.4%.