Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Crime
High crime rates per 100,000 people are reported in this area, potentially indicating that it is an unsafe place to live. These statistics consider both violent and property offenses.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Lake Wales, Florida is a mid-sized city with a population of 16,515 residents. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Lake Wales is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Lake Wales, Florida. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like crime, cost of living, health & safety and other key data points, finding the best places to live in Lake Wales and in the areas around Lake Wales is a much easier task.
Using data and statistics Lake Wales has received a livability score of 68/100. This score is ranked in the 72nd percentile when compared to all other cities. There are nine total categories that generate the livability score. Lake Wales ranks well for crime (B), cost of living (A+) and housing (A+) There is at least one category that you should be aware of in Lake Wales. The following was graded with a discouraging score: amenities (F), education (D) and employment (D).
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lake Wales, the unemployment rate stands at 2.72%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lake Wales has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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 attainable, we'll need to know if the real estate in Lake Wales is actually affordable. Median real estate prices in Lake Wales come in at $180,700, which is 8.3% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Lake Wales, the home price to income ratio is 3.8, which is 11.8% higher than the Florida average.
| Statistic | Lake Wales | Florida | National |
| Average one way commute | 24min | 27min | 26min |
| Workers who drive to work | 79.4% | 79.5% | 76.4% |
| Workers who carpool | 14.0% | 9.3% | 9.3% |
| Workers who take public transit | 0.2% | 2.1% | 5.1% |
| Workers who bicycle | 0.7% | 0.7% | 0.6% |
| Workers who walk | 1.0% | 1.5% | 2.8% |
| Working from home | 3.3% | 5.4% | 4.6% |
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