Cost of Living in Lakeland, FL
Population: 117,030 • 2026 Data
$60,947
Median Household Income
-21% vs national
$1,299
Median Monthly Rent
-4% vs national
$229,100
Median Home Value
-32% vs national
5.0%
Unemployment Rate
Housing in Lakeland
The median home value in Lakeland, FL is $229,100. Monthly rent for a typical unit averages $1,299, while total monthly housing costs (including utilities and insurance) average $1,149.
Rent-to-income ratio: 25.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lakeland, FL is $60,947. The unemployment rate stands at 5.0%, with a labor force of 54,353 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.