Lakeland, TN
Population 14,068 · Tennessee
About Lakeland, TN
Lakeland is a mid-sized city located in Tennessee with a population of 14,068 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,843 per year, which is 51% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakeland features a median home value of $373,800, which is 53% above the national median of $244,900. This places Lakeland in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,611, 39% above the national average of $1,163/month. Of the 5,270 total housing units, 80% are owner-occupied (4,209 units) and 20% are renter-occupied (1,037 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakeland shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakeland have an average one-way commute time of 27 minutes.
Education & Demographics
55.7% of Lakeland 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 1.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 1.5% Asian residents, with 10.3% of the population being foreign-born.
How Lakeland Ranks in Tennessee
Cost of Living in Lakeland, TN
Compared to national averages, Lakeland has a median household income of $113,843 (51% above the national median of $75,149). Home values average $373,800, which is 53% above the national median. Monthly rent at $1,611 is 39% above the US average of $1,163. Within Tennessee, Lakeland's income is 81% above the state average of $62,849, and home values are 74% above the state median of $214,371.
Why Live in Lakeland, TN?
Lakeland offers a strong local economy with a median household income of $113,843, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 55.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $373,800. However, Lakeland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeland has a population of 14,068 with a median age of 39.5 years. Compare Lakeland with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Lakeland
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Athens | 14,250 | $53,151 | $197,300 | Compare |
| White House | 13,875 | $87,315 | $311,200 | Compare |
| Elizabethton | 14,364 | $44,834 | $159,700 | Compare |
| McMinnville | 13,765 | $43,348 | $147,200 | Compare |
| Nolensville | 14,545 | $170,068 | $695,100 | Compare |
| Powell | 13,544 | $85,281 | $264,500 | Compare |
| Portland | 13,325 | $72,380 | $256,400 | Compare |
| Arlington | 14,989 | $125,909 | $367,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Lakeland, TN is 14,068 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Tennessee.
What is the median household income in Lakeland?
The median household income in Lakeland, TN is $113,843 per year, which is 51% above the national median of $75,149.
What is the median home value in Lakeland?
The median home value in Lakeland, TN is $373,800, which is 53% above 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, TN is $1,611, which is 39% above the national average of $1,163/month.
What is the unemployment rate in Lakeland?
The unemployment rate in Lakeland, TN is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakeland, TN a good place to live?
Lakeland offers above-average incomes, a competitive housing market, and a strong job market. With a population of 14,068 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Lakeland, TN?
55.7% of residents in Lakeland 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 Lakeland?
Key cost-of-living indicators for Lakeland, TN: median home value is $373,800 (53% above national), median rent is $1,611/month, and median household income is $113,843. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakeland?
The poverty rate in Lakeland, TN is 2.4%, 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, TN?
Lakeland's population is 1.8% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 1.5% Asian, and 11.8% two or more races. 10.3% of residents are foreign-born.