How many renters in Lake Wales, FL pay more than 30% of their income on rent?
67.3% (±10.6 points) of renting households in Lake Wales, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
57.1% spend 35% or more.
The median renting household spends 40.6% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 67.3% (±10.6 points)
- Paying 35% or more
- 57.1% (±9.4 points)
- Median share of income
- 40.6% (±8.4 points)
Rent as a share of income in Lake Wales
| Share of income spent on rent | Lake Wales | Polk County | Florida | United States |
|---|---|---|---|---|
| Less than 15% | 10.2% (±5.1 points) | 10.1% | 8.1% | 12.6% |
| 15% to 19.9% | 9.9% (±4.9 points) | 10.9% | 9.3% | 12.2% |
| 20% to 24.9% | 6.0% (±3.4 points) | 13.0% | 11.3% | 12.6% |
| 25% to 29.9% | 6.6% (±2.9 points) | 11.8% | 11.3% | 11.5% |
| 30% to 34.9% | 10.2% (±4.9 points) | 9.3% | 9.8% | 9.2% |
| 35% or more | 57.1% (±9.4 points) | 44.9% | 50.2% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Lake Wales against Polk County, its state and the nation
| Lake Wales | Polk County | Florida | United States | |
|---|---|---|---|---|
| Paying 30% or more | 67.3% (±10.6 points) | 54.2% (±2.0 points) | 60.0% (±0.4 points) | 51.1% |
| Paying 35% or more | 57.1% (±9.4 points) | 44.9% (±1.8 points) | 50.2% (±0.4 points) | 41.9% |
| Median share of income | 40.6% (±8.4 points) | 32.3% (±1.0 points) | 35.2% (±0.3 points) | 30.6% |
| Median renter household income | $28,899 (±$5,898) | $50,423 (±$1,573) | $53,617 (±$353) | $52,966 |
| Median gross rent | $1,110 (±$79) | $1,363 (±$28) | $1,669 (±$5) | $1,413 |
In Lake Wales, the share of renters paying 30% or more of income is higher than in Polk County (54.2%).
It is not measurably different from Florida (60.0%).
It is higher than the national figure (51.1%).
In Polk County, Lake Wales ranks 7 of 36 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 215 of 843.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Lake Wales
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Lake Wales | — | 67.3% (±10.6 points) | — |
| Highland Park | 4.5 mi | 0.0% (±141.4 points) | Not measurably different |
| Crooked Lake Park | 6.3 mi | 36.6% (±31.4 points) | Not measurably different |
| Dundee | 6.7 mi | 69.4% (±20.6 points) | Not measurably different |
| Alturas | 7.4 mi | 0.0% (±55.9 points) | Lower |
| Babson Park | 7.4 mi | 100.0% (±141.4 points) | Not measurably different |
| Hillcrest Heights | 7.7 mi | 50.0% (±111.8 points) | Not measurably different |
| Cypress Gardens | 8.0 mi | 49.2% (±22.9 points) | Not measurably different |
| Wahneta | 8.3 mi | 54.7% (±31.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Alturas, FL (0.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Polk County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Babson Park | 100.0% (±141.4 points) |
| 2 | Fort Meade | 79.0% (±22.5 points) |
| 3 | Lake Alfred | 76.3% (±28.1 points) |
| 4 (tie) | Dundee | 69.4% (±20.6 points) |
| 4 (tie) | Polk City | 69.4% (±31.0 points) |
| 6 | Loughman | 67.6% (±18.2 points) |
| 7 | Lake Wales | 67.3% (±10.6 points) |
| 8 | Davenport | 66.1% (±30.5 points) |
| 9 | Auburndale | 65.1% (±15.4 points) |
| 10 | Poinciana | 63.6% (±9.1 points) |
| 11 | Winter Haven | 62.3% (±6.8 points) |
| 12 | Mulberry | 61.4% (±27.4 points) |
| 13 | Eagle Lake | 58.7% (±34.6 points) |
Showing 13 of 36 places in Polk County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Lake Wales
Are renters in Lake Wales rent-burdened?
67.3% of renting households in Lake Wales pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Lake Wales spend on rent?
The median renting household in Lake Wales, FL spends 40.6% (±8.4 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Wales city, Florida
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Lake Wales city, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Wales city, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Wales city, Florida (place:38950, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lake Wales at a glance
- Median rent in Lake Wales
- Rent by bedrooms in Lake Wales
- Renters and owners in Lake Wales
- Income and affordability in Lake Wales
- Home values in Lake Wales
- Homeowner costs in Lake Wales
- Property taxes in Lake Wales
- Types of homes in Lake Wales
- Bedrooms in Lake Wales
- Age of homes in Lake Wales
- Vacancy rate in Lake Wales
- Heating fuel in Lake Wales
- Commute and cars in Lake Wales
- Crime reported to police in Lake Wales
- Population growth in Lake Wales
- How long people stay in Lake Wales
- Crowding and facilities in Lake Wales
- Florida landlord and tenant rules
- Housing across Polk County
- Florida places ranked by rent burden
- Housing data for every place in Florida