Lakeland

Population: 14,068
Median household income: $113,843
Median home value: $373,800

Located in Shelby County, Tennessee, Lakeland is a community with a population of 14,068. Its median household income of $113,843 runs above the Shelby County figure of $62,337.

From 2019 to 2023, Lakeland's population grew 11.6% from 12,606 to 14,068, while its median home value rose 45.2% from $257,400 to $373,800.

87.1% of homes are single-family detached houses. The typical home was built around 1998.

Demographics

ACS 2019–2023

Population: 14,068
Median age: 39.5 yrs
Median household income: $113,843
Median home value: $373,800
Median gross rent: $1,611
Housing units: 5,270
Homeownership rate: 80.2%
Bachelor's degree or higher: 55.7%
Unemployment rate: 2.7%

Trends

ACS 5-year · 2019–2023

Population

12,60614,068

Median household income

$103,074$113,843

Median home value

$257,400$373,800

Median gross rent

$1,200$1,611

Year	Population	Median household income	Median home value	Median gross rent
2019	12,606	$103,074	$257,400	$1,200
2020	12,644	$106,211	$279,200	$1,138
2021	13,693	$102,025	$292,600	$1,329
2022	13,811	$108,206	$350,900	$1,480
2023	14,068	$113,843	$373,800	$1,611

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.1%

5 to 1721.8%

18 to 247.6%

25 to 347.6%

35 to 4415.9%

45 to 5416.0%

55 to 649.8%

65 to 7410.1%

75 and over5.2%

	Count	Share
Under 5	853	6.1%
5 to 17	3,060	21.8%
18 to 24	1,072	7.6%
25 to 34	1,065	7.6%
35 to 44	2,231	15.9%
45 to 54	2,256	16.0%
55 to 64	1,377	9.8%
65 to 74	1,425	10.1%
75 and over	729	5.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	10,766	76.5%
Black or African American	1,664	11.8%
American Indian & Alaska Native	0	0.0%
Asian	706	5.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	36	0.3%
Two or more races	319	2.3%
Hispanic or Latino (any race)	577	4.1%

Educational attainment (age 25+)

No high school diploma1.9%

High school graduate15.2%

Some college or associate's27.1%

Bachelor's degree32.3%

Graduate or professional degree23.5%

	Count	Share
No high school diploma	177	1.9%
High school graduate	1,384	15.2%
Some college or associate's	2,461	27.1%
Bachelor's degree	2,930	32.3%
Graduate or professional degree	2,131	23.5%

Commute to work

Mean travel time to work: 27 min

Drove alone80.2%

Carpooled6.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home13.1%

Other means0.5%

How workers get to work

	Count	Share
Drove alone	5,363	80.2%
Carpooled	409	6.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	877	13.1%
Other means	34	0.5%

Travel time

	Count	Share
Under 15 min	637	11.0%
15 to 29 min	2,583	44.5%
30 to 44 min	1,989	34.3%
45 to 59 min	449	7.7%
60+ min	148	2.5%

Households

Average household size: 2.68
Poverty rate: 2.4% (331 of 14,068)

	Count	Share
Family households	3,806	72.6%
Nonfamily households	1,440	27.4%

Housing

Median year structure built: 1998

Occupancy

	Count	Share
Occupied	5,246	99.5%
Vacant	24	0.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	4,209	80.2%
Renter-occupied	1,037	19.8%

1-unit, detached87.1%

1-unit, attached0.9%

2 to 4 units0.2%

5 to 19 units9.4%

20 or more units1.1%

Mobile home & other1.3%

Units in structure

	Count	Share
1-unit, detached	4,591	87.1%
1-unit, attached	50	0.9%
2 to 4 units	8	0.2%
5 to 19 units	497	9.4%
20 or more units	57	1.1%
Mobile home & other	67	1.3%

Geography

Place GEOID: 4740350
Type (LSAD): 25
Land area: 24 sq mi
Water area: 0.42 sq mi
Center point: 35.2628, -89.7250