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The total population of Lakeland is estimated to be 13,811 with 7,248 males (52.48%) and 6,563 females (47.52%). There are 685 less females than males in Lakeland.
The median household income in Lakeland was $110,280 in 2021, which marked an a decrease of 10,072(8.37%) from $120,352 in 2020. This income is 147.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lakeland sees its highest median household income among householders in the age group of 45 to 64 years old, at $141,194. Overall, the median household income for the city of Lakeland stands at $110,280.
In Lakeland, the median income for all workers aged 15 years and older, regardless of work hours, was $68,849 for males and $43,819 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,577 for males and $65,826 for females.
In Lakeland, there are just three different racial groups among households. Among these, Asian households report a median household income of $165,225, followed by White households at $114,089, and Two or More Races households with a median household income of $110,034.
In 2022, the population of Lakeland was 13,772, a 0.78% decrease year-by-year from 2021. Previously, in 2021, Lakeland's population was 13,880, a decline of 0.30% compared to a population of 13,922 in 2020.
The median age in Lakeland, TN is 38.9, as per 2021 ACS 5-Year Estimates. Of the total population, 24.19% were under the age of 15, 16.69% aged 15 to 29, 43.58% aged 30 to 64, 14.88% aged 65 to 84, and 0.66% were 85 years of age and older.
Racial distribution of Lakeland population: 80.58% are White, 10.42% are Black or African American, 4.87% are Asian, 1.21% are some other race and 2.91% are multiracial.