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CITY

Lakewood Ranch

Florida · 43,945 residents · 46.081 sq mi
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Notable rankings
#205Oldest by median ageof 6,82653.5#284Most work-from-homeof 6,82631.6%
The short version

Lakewood Ranch is significantly wealthier than the US average, with a median household income of $122,925. Population has held roughly steady since 2023. 61% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $678,200. With a median age of 53.5, the population is older than the US median of 38.9. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 53.5
US median: 38.9
More educated
61% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
43,945
+11%since 2023
from 39,434 in 2023
2020 – 2024
Population density
954 / sq mi
+11%since 2023
from 856 / sq mi in 2023
US average: 281
Median age
53.5
+2%since 2023
from 52.5 in 2023
US average: 38.9
Population, 2020 – 2024
28K32K37K41K45K20202024Lakewood Ranch
202444K
20202024
Section 02

Income & economy

Median household income
$122,925
−3%inflation adjusted, since 2023
from $123,471 in 2023
US average: $82,259
2020 – 2024
Per capita income
$67,795
+3%since 2023
from $65,616 in 2023
US average: $44,673
Households earning $100K+
70.4%
+0.2 ptssince 2023
from 70.2% in 2023
US average: 53.3%
Poverty rate
7.4%
−0.3 ptssince 2023
from 7.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.455
−2%since 2023
from 0.466 in 2023
US average: 0.476
Workforce by industry, 2024
Other services13.2%
US avg: 6.7%
Information12.5%
US avg: 10.8%
Public administration8.6%
US avg: 4.8%
Finance & insurance5.8%
US avg: 5.9%
Professional, scientific, technical5.1%
US avg: 5.1%
Wholesale trade4%
US avg: 6.9%
Retail trade4%
US avg: 9.9%
Transportation & warehousing3.4%
US avg: 2.2%
Arts, entertainment, food1.9%
US avg: 1.9%
Education & health services0.8%
US avg: 0.9%
Agriculture, forestry, fishing0.6%
US avg: 1.6%
Construction0.5%
US avg: 1.2%
Manufacturing0.2%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$678,200
+5%inflation adjusted, since 2023
from $626,500 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$2,299
+1%inflation adjusted, since 2023
from $2,213 in 2023
US average: $1,442
Owner-occupied
80.0%
−1.8 ptssince 2023
from 81.8% in 2023
20.0% rent
Vacancy rate
15.0%
−1.9 ptssince 2023
from 16.9% in 2023
US average: 10.0%
Owner cost-burdened
24.8%
+1.0 ptssince 2023
from 23.8% in 2023
US average: 22.9%
Renter cost-burdened
61.2%
+7.2 ptssince 2023
from 53.9% in 2023
US average: 47.4%
Afford Score
5.5
+9%since 2023
from 5.1 in 2023
2020 – 2024
RELATED:See current rent listings in Lakewood Ranch on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic81.5%(32,150)
Black2.2%(885)
Hispanic / Latino8.2%(3,241)
Asian3%(1,174)
Other5%(1,984)
Diversity Score40.6%(16,002)
2024
White, non-Hispanic77.8%(34,177)
Black2.7%(1,182)
Hispanic / Latino10.1%(4,438)
Asian3.3%(1,467)
Other6.1%(2,681)
Diversity Score47.4%(20,840)
Diversity Score
47
+17%since 2023
from 41 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
60.6%
+1.5 ptssince 2023
from 59.1% in 2023
US average: 35.6%
High school or higher
98.4%
+0.4 ptssince 2023
from 98.1% in 2023
US average: 89.6%
Graduate degree
26.0%
−1.3 ptssince 2023
from 27.2% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.9 min
+3%since 2023
from 27.2 min in 2023
US average: 26.5
Drive alone to work
57.8%
−2.6 ptssince 2023
from 60.4% in 2023
US average: 68.9%
Carpooled to work
6.1%
+0.1 ptssince 2023
from 5.9% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
31.6%
+0.9 ptssince 2023
from 30.7% in 2023
US average: 15.0%
Walked to work
2.0%
+0.7 ptssince 2023
from 1.4% in 2023
US average: 2.4%
Biked to work
0.3%
+0.1 ptssince 2023
from 0.2% in 2023
US average: 0.4%
No vehicle available
2.6%
+0.1 ptssince 2023
from 2.5% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.7%
+0.5 ptssince 2023
from 3.2% in 2023
US average: 5.2%
Labor force participation
51.6%
+0.5 ptssince 2023
from 51.1% in 2023
US average: 63.5%
Self-employed
9.3%
+1.1 ptssince 2023
from 8.2% in 2023
US average: 13.1%
Management & professional
55.2%
+2.4 ptssince 2023
from 52.8% in 2023
US average: 42.5%
Section 08

People & community

Male
50.7%
−0.3 ptssince 2023
from 51.0% in 2023
Female
49.3%
+0.3 ptssince 2023
from 49.0% in 2023
Foreign born
14.2%
+1.8 ptssince 2023
from 12.4% in 2023
US average: 14.1%
Veterans
7.4%
−0.6 ptssince 2023
from 8.0% in 2023
US average: 6.2%
With a disability
9.2%
+0.3 ptssince 2023
from 8.9% in 2023
US average: 13.3%
Uninsured
3.4%
+0.5 ptssince 2023
from 2.9% in 2023
US average: 8.4%
Broadband at home
96.9%
+0.6 ptssince 2023
from 96.3% in 2023
US average: 91.0%
English only at home
84.4%
−1.4 ptssince 2023
from 85.8% in 2023
US average: 77.7%
Spanish at home
6.3%
+0.6 ptssince 2023
from 5.7% in 2023
US average: 13.6%
Drill deeper

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LAKEWOOD RANCH VS
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Frequently asked

How many people live in Lakewood Ranch, Florida?

Lakewood Ranch, Florida has about 43,945 residents according to the 2024 American Community Survey.

What is the median household income in Lakewood Ranch, Florida?

The typical household in Lakewood Ranch, Florida earns about $122,925 a year. Half of households make more than that, and half make less.

Is Lakewood Ranch, Florida expensive?

In Lakewood Ranch, Florida, the median home is worth about $678,200, and the typical rent is about $2,299 a month.

How educated are people in Lakewood Ranch, Florida?

About 60.6% of adults age 25 and over in Lakewood Ranch, Florida hold a bachelor's degree or higher.

What is the poverty rate in Lakewood Ranch, Florida?

About 7.4% of people in Lakewood Ranch, Florida live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →