Living in Lakewood Ranch, Florida
Cost of living, income, home prices, rent and demographics of Lakewood Ranch · Census data 2020–2024
Lakewood Ranch has 43,945 residents with a median age of 53.5. The median household income is $122,925 (65% higher than the Florida median), the median home value is $678,200, the median rent is $2,299/month.
Lakewood Ranch at a glance
- Population
- 43,945
- Median age
- 53.5State: 42.6
- Median household income
- $122,925State: $74,568
- Median home value
- $678,200State: $359,000
- Median rent
- $2,299/moState: $1,669
- Homeowners
- 80%
- Bachelor's degree or higher
- 60.6%
- Average commute
- 28 min
Is Lakewood Ranch a good place to live?
Pros: Median household income 65% higher than the Florida median; an average commute of 28 minutes; unemployment of 3.7%; a poverty rate of 7.4%.
Cons: Home values 89% higher than the state median.
The weather is best in February–March and November–December.
Cost of living in Lakewood Ranch
Housing is the biggest part of the cost of living. In Lakewood Ranch the median home value is $678,200, 104% higher than the U.S. median. Renters pay a median of $2,299 per month, which is 36.7% of household income. Homeowners with a mortgage pay $2,928 a month in housing costs.
Lakewood Ranch median household income
The median household income in Lakewood Ranch is $122,925 and the income per person is $67,795. 7.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Lakewood Ranch: homes for sale and rent
- Housing units
- 21,049
- Owner-occupied
- 80%
- Renter-occupied
- 20%
- Vacant
- 15%Includes seasonal homes
- Median year built
- 2014
- Average household size
- 2.45
Lakewood Ranch demographics
- Population
- 43,945
- Median age
- 53.5
- Under 18
- 16%
- 65 and older
- 30.8%
- Households
- 17,888
- Foreign-born
- 14.2%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood Ranch ›
Education in Lakewood Ranch
60.6% of adults 25 and older in Lakewood Ranch have a bachelor's degree or higher (Florida: 34.1%), and 26% have a graduate or professional degree.
Jobs and commute in Lakewood Ranch
- Unemployment rate
- 3.7%State: 4.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 31.6%
- Drive alone
- 57.8%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 96.9%
Lakewood Ranch vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakewood Ranch | 43,945 | $122,925 | $678,200 | $2,299 |
| The Meadows | 5,492 | $69,774 | $382,400 | $1,740 |
| Desoto Lakes | 1,735 | $76,417 | $357,700 | $1,468 |
| Fruitville | 15,172 | $82,246 | $412,500 | $1,977 |
| Kensington Park | 3,916 | $90,000 | $328,600 | $972 |
| Desoto Acres | 641 | $120,982 | $585,800 | — |
| Lake Sarasota | 3,595 | $92,429 | $381,000 | $1,986 |
| North Sarasota | 2,824 | $85,179 | $241,600 | $2,076 |
| Sarasota Springs | 12,611 | $95,688 | $349,100 | $2,137 |
More for people moving to Lakewood Ranch
Lakewood Ranch ZIP code ›Weather and climate ›Living in Lakewood Ranch: FAQ
What is the median household income in Lakewood Ranch, FL?
The median household income in Lakewood Ranch is $122,925, 65% higher 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 Lakewood Ranch?
The median home value in Lakewood Ranch is $678,200, compared with $359,000 in Florida.
How much is rent in Lakewood Ranch?
The median gross rent in Lakewood Ranch is $2,299 per month, about 36.7% of household income.
Is Lakewood Ranch, FL a good place to live?
Pluses: median household income 65% higher than the Florida median; an average commute of 28 minutes; unemployment of 3.7%; a poverty rate of 7.4%. Minuses: home values 89% higher than the state median.
What is the median age in Lakewood Ranch?
The median age in Lakewood Ranch is 53.5 years (Florida: 42.6).
How long is the commute in Lakewood Ranch?
The average commute to work in Lakewood Ranch is 28 minutes; 31.6% of workers work from home.
What is the unemployment rate in Lakewood Ranch?
The unemployment rate in Lakewood Ranch is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood Ranch?
60.6% of adults in Lakewood Ranch 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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