Lakeland, Florida is a moderately-sized city with a population of 102,714 residents. The majority of Lakeland residents report their race to be White; this is followed by Black and Asian. Not a fan of sitting in traffic? One big advantage of living in Lakeland is the reasonable commute times to work. With an average one way commute time of 21 minutes, getting to work is faster than the national average of 26 minutes.
Living in Lakeland can be a great experience for anyone relocating to the city. Having said that, in the state of Florida, there are many incredible places to live, so choose wisely! Using the livability score which includes data from categories like amenities, crime, housing, you can easily compare the best places to live in Lakeland and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Lakeland to Florida and the national average.
The livability score in Lakeland is 79 out of 100 and the city is ranked in the 93rd percentile of all cities across America. Clearly, Lakeland is doing something right, as this score ranks well above the average of most cities. The cherry on top is that Lakeland also ranks in the top 10 percent of all cities. Based on the scores for each individual category, Lakeland has been rewarded with high marks for amenities (A+), cost of living (B-), weather (A) and housing (B+). Regrettably for Lakeland, there are some categories for which it does not score well, this includes: crime (F) and employment (D-).
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Lakeland is actually affordable. The median home price for Lakeland homes is $109,300, which is 34.5% lower than the Florida average. If we take a closer look at the affordability of homes in Lakeland, we’ll see that the home price to income ratio is 2.7, which is 20.6% lower than the Florida average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Lakeland area were 9.9% and 5 year appreciation rates were 12.2%.
|Cleveland Heights, Lakeland||86||2.2||1,823|
|South Lake Morton, Lakeland||86||1.9||1,951|
|Beacon Hill, Lakeland||85||2.2||338|