Living in Lake Alfred, Florida
Cost of living, income, home prices, rent and demographics of Lake Alfred · Census data 2020–2024
Lake Alfred has 7,277 residents with a median age of 33.8. The median household income is $67,202 (10% lower than the Florida median), the median home value is $239,900, the median rent is $1,349/month.
Lake Alfred at a glance
- Population
- 7,277
- Median age
- 33.8State: 42.6
- Median household income
- $67,202State: $74,568
- Median home value
- $239,900State: $359,000
- Median rent
- $1,349/moState: $1,669
- Homeowners
- 70.1%
- Bachelor's degree or higher
- 24.4%
- Average commute
- 32 min
Is Lake Alfred a good place to live?
Pros: Home values 33% lower than the state median; a poverty rate of 9.4%.
Cons: Median household income 10% lower than the Florida median; an average commute of 32 minutes; unemployment of 6.5%.
The weather is best in February–March and November–December.
Cost of living in Lake Alfred
Housing is the biggest part of the cost of living. In Lake Alfred the median home value is $239,900, 28% lower than the U.S. median. Renters pay a median of $1,349 per month, which is 41.8% of household income. Homeowners with a mortgage pay $1,810 a month in housing costs.
Lake Alfred median household income
The median household income in Lake Alfred is $67,202 and the income per person is $34,537. 9.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Alfred: homes for sale and rent
- Housing units
- 2,832
- Owner-occupied
- 70.1%
- Renter-occupied
- 29.9%
- Vacant
- 9%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 2.80
Lake Alfred demographics
- Population
- 7,277
- Median age
- 33.8
- Under 18
- 25.4%
- 65 and older
- 16.7%
- Households
- 2,577
- Foreign-born
- 15.2%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Alfred ›
Education in Lake Alfred
24.4% of adults 25 and older in Lake Alfred have a bachelor's degree or higher (Florida: 34.1%), and 7.2% have a graduate or professional degree.
Jobs and commute in Lake Alfred
- Unemployment rate
- 6.5%State: 4.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 12.9%
- Drive alone
- 68%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 88.2%
Lake Alfred vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Alfred | 7,277 | $67,202 | $239,900 | $1,349 |
| Auburndale | 18,530 | $77,911 | $296,200 | $1,208 |
| Haines City | 34,234 | $65,975 | $288,900 | $1,224 |
| Winter Haven | 55,200 | $59,648 | $269,800 | $1,246 |
| Inwood | 7,556 | $55,540 | $142,300 | $1,230 |
| Polk City | 2,974 | $79,762 | $293,900 | $1,111 |
| Davenport | 13,238 | $73,685 | $333,300 | $1,914 |
| Lake Hamilton | 1,777 | $60,486 | $250,700 | $1,180 |
| Cypress Gardens | 10,077 | $75,483 | $287,100 | $1,369 |
More for people moving to Lake Alfred
Lake Alfred ZIP code ›Weather and climate ›Living in Lake Alfred: FAQ
What is the median household income in Lake Alfred, FL?
The median household income in Lake Alfred is $67,202, 10% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Alfred?
The median home value in Lake Alfred is $239,900, compared with $359,000 in Florida.
How much is rent in Lake Alfred?
The median gross rent in Lake Alfred is $1,349 per month, about 41.8% of household income.
Is Lake Alfred, FL a good place to live?
Pluses: home values 33% lower than the state median; a poverty rate of 9.4%. Minuses: median household income 10% lower than the Florida median; an average commute of 32 minutes; unemployment of 6.5%.
What is the median age in Lake Alfred?
The median age in Lake Alfred is 33.8 years (Florida: 42.6).
How long is the commute in Lake Alfred?
The average commute to work in Lake Alfred is 32 minutes; 12.9% of workers work from home.
What is the unemployment rate in Lake Alfred?
The unemployment rate in Lake Alfred is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Alfred?
24.4% of adults in Lake Alfred have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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