Lakewood Ranch, FL
Population 39,434 · Florida
About Lakewood Ranch, FL
Lakewood Ranch is a mid-sized city located in Florida with a population of 39,434 residents according to the latest US Census Bureau American Community Survey data. The median household income is $123,471 per year, which is 64% above the national median of $75,149. The median age of 52.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakewood Ranch features a median home value of $626,500, which is 156% above the national median of $244,900. This places Lakewood Ranch in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,213, 90% above the national average of $1,163/month. Of the 18,365 total housing units, 82% are owner-occupied (12,474 units) and 18% are renter-occupied (2,781 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood Ranch shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood Ranch have an average one-way commute time of 27.2 minutes.
Education & Demographics
59.1% of Lakewood Ranch residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.2% White, 1.6% Hispanic or Latino, 2.9% Black or African American, and 2.8% Asian residents, with 12.4% of the population being foreign-born.
Cost of Living in Lakewood Ranch, FL
Compared to national averages, Lakewood Ranch has a median household income of $123,471 (64% above the national median of $75,149). Home values average $626,500, which is 156% above the national median. Monthly rent at $2,213 is 90% above the US average of $1,163. Within Florida, Lakewood Ranch's income is 63% above the state average of $75,893, and home values are 77% above the state median of $353,675.
Why Live in Lakewood Ranch, FL?
Lakewood Ranch offers a strong local economy with a median household income of $123,471, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 59.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $626,500. However, Lakewood Ranch’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakewood Ranch has a population of 39,434 with a median age of 52.5 years. Compare Lakewood Ranch with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lakewood Ranch
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aventura | 39,372 | $82,777 | $416,300 | Compare |
| Royal Palm Beach | 39,089 | $92,382 | $389,300 | Compare |
| DeLand | 39,832 | $73,352 | $303,500 | Compare |
| Navarre | 38,988 | $98,522 | $352,300 | Compare |
| Oviedo | 39,990 | $114,092 | $428,500 | Compare |
| Plant City | 40,009 | $64,536 | $251,500 | Compare |
| Valrico | 38,820 | $98,451 | $356,200 | Compare |
| The Acreage | 40,188 | $105,405 | $464,400 | 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.
Compare Lakewood Ranch With Other Cities
Frequently Asked Questions about Lakewood Ranch
What is the population of Lakewood Ranch, FL?
The population of Lakewood Ranch, FL is 39,434 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Lakewood Ranch?
The median household income in Lakewood Ranch, FL is $123,471 per year, which is 64% above the national median of $75,149.
What is the median home value in Lakewood Ranch?
The median home value in Lakewood Ranch, FL is $626,500, which is 156% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood Ranch?
The median monthly rent in Lakewood Ranch, FL is $2,213, which is 90% above the national average of $1,163/month.
What is the unemployment rate in Lakewood Ranch?
The unemployment rate in Lakewood Ranch, FL is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakewood Ranch, FL a good place to live?
Lakewood Ranch offers above-average incomes, a competitive housing market, and a strong job market. With a population of 39,434 and a median age of 52.5, the city appeals to established professionals and retirees.
How educated is Lakewood Ranch, FL?
59.1% of residents in Lakewood Ranch aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakewood Ranch?
Key cost-of-living indicators for Lakewood Ranch, FL: median home value is $626,500 (156% above national), median rent is $2,213/month, and median household income is $123,471. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Lakewood Ranch?
The poverty rate in Lakewood Ranch, FL is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakewood Ranch, FL?
Lakewood Ranch's population is 1.2% White, 1.6% Hispanic or Latino, 2.9% Black or African American, 2.8% Asian, and 2.2% two or more races. 12.4% of residents are foreign-born.