Lakeland, NY
Population 2,344 · New York
About Lakeland, NY
Lakeland is a small town located in New York with a population of 2,344 residents according to the latest US Census Bureau American Community Survey data. The median household income is $89,405 per year, which is 19% above the national median of $75,149. The median age of 51 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 Lakeland features a median home value of $156,100, which is 36% below the national median of $244,900. This positions Lakeland in a moderately priced market relative to the rest of the country. Median monthly rent is $1,264, 9% above the national average of $1,163/month. Of the 1,164 total housing units, 80% are owner-occupied (883 units) and 20% are renter-occupied (223 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakeland shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakeland have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
26.3% of Lakeland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 2.6% Hispanic or Latino, 5.6% Black or African American, and 0.0% Asian residents, with 8.4% of the population being foreign-born.
How Lakeland Ranks in New York
Cost of Living in Lakeland, NY
Compared to national averages, Lakeland has a median household income of $89,405 (19% above the national median of $75,149). Home values average $156,100, which is 36% below the national median. Monthly rent at $1,264 is 9% above the US average of $1,163. Within New York, Lakeland's income is 8% below the state average of $96,987, and home values are 60% below the state median of $387,181.
Why Live in Lakeland, NY?
Lakeland offers a strong local economy with a median household income of $89,405, well above the national average, and affordable housing with a median home value of $156,100, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.7%. Additionally, the city features a low poverty rate of 3.5%, better than the national average, and short commute times averaging just 18.7 minutes.
Lakeland has a population of 2,344 with a median age of 51 years. Compare Lakeland with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lakeland
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Conesus Lake | 2,343 | $85,761 | $364,200 | Compare |
| Cambridge | 2,341 | $73,805 | $184,200 | Compare |
| Halesite | 2,348 | $153,375 | $822,300 | Compare |
| Siena College | 2,349 | $0 | $0 | Compare |
| Clifton Gardens | 2,332 | $85,551 | $297,900 | Compare |
| East Ithaca | 2,372 | $108,839 | $320,900 | Compare |
| Seneca Knolls | 2,308 | $54,963 | $123,900 | Compare |
| Frankfort | 2,384 | $48,931 | $119,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakeland With Other Cities
Frequently Asked Questions about Lakeland
What is the population of Lakeland, NY?
The population of Lakeland, NY is 2,344 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Lakeland?
The median household income in Lakeland, NY is $89,405 per year, which is 19% above the national median of $75,149.
What is the median home value in Lakeland?
The median home value in Lakeland, NY is $156,100, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakeland?
The median monthly rent in Lakeland, NY is $1,264, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Lakeland?
The unemployment rate in Lakeland, NY is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakeland, NY a good place to live?
Lakeland offers above-average incomes, affordable housing, and a strong job market. With a population of 2,344 and a median age of 51, the city appeals to established professionals and retirees.
How educated is Lakeland, NY?
26.3% of residents in Lakeland aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakeland?
Key cost-of-living indicators for Lakeland, NY: median home value is $156,100 (36% below national), median rent is $1,264/month, and median household income is $89,405. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakeland?
The poverty rate in Lakeland, NY is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakeland, NY?
Lakeland's population is 0.0% White, 2.6% Hispanic or Latino, 5.6% Black or African American, 0.0% Asian, and 3.6% two or more races. 8.4% of residents are foreign-born.