CitytisticsShortlist

Cost of living, pay and housing

35.26° N · 89.72° W · GEOID 4740350

Lakeland

Shelby County, Tennessee · part of the Memphis, TN metro

TennesseeLakeland, TNLakelandLakeland

The short answer

Lakeland is home to 14,192 people. Median household income is $116,250 a year and median rent is $1,755 a month, 18.1% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $388,900, about 3.4x annual median household income.

The story in Lakeland is how fast things are changing. Housing became less affordable between 2019 and 2024: rent went from 14% to 18.1% of income. Also notable: 3.2% of residents live below the poverty line, fewer than in 94% of places its size. It is the 3rd-lowest of 107 Tennessee places we track.

77OF 100

CTXCitytistics Index

Strong

Lakeland scores better than 77% of the 6,612 places we rate, and ranks 14th of 112 in Tennessee.

How the CTX is built

Category ratings · 0 to 100, typical place 50

Affordability 20%66
Economy 20%86
Safety 20%n/a
Amenities 15%23
Education 10%83
Commute 10%46
Growth 5%33

Not rated: safety, for want of data (the city police department does not report a full year to the FBI). The other weights are spread over the categories rated.

Median gross rent
$1,755
29% above the median place
Median household income
$116,250
45% above the median place
Median home value
$388,900
22% above the median place
Unemployment
2.8%
42% below the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Lakeland

  • Life nearbyOpenStreetMap shows 0 libraries per 10,000 residents, fewer than in 86% of the 2,301 places of 10,000 to 25,000 people we track. It is the lowest of 112 Tennessee places we track.
  • HousingHalf the homes were built after 2000, newer housing than in 88% of the 2,300 places of 10,000 to 25,000 people we track.
01

Moving to Lakeland

Shelby County loses about 12.8 residents per 1,000 a year to moves between counties.

Moved in25,559
Moved out34,789
Net−9,230

Where people come from and where they go, top counties

DeSoto County, MS3,3854,835−1,450
Fayette County, TN1,0121,726−714
Tipton County, TN1,1071,386−279
Harris County, TX333508−175

Within Tennessee, other states or abroad

Arrivals
Leavers
Within TennesseeOther statesAbroad

Income per tax return

Arrivals$60K
Leavers$74K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Shelby County; flows under 20 returns are not published.

Who moves here
6.5% of residents arrived from another county in the past year, 5.0% from another state.
Who arrives and who leaves
Households moving into Shelby County report $59,800 a year in income on average; those leaving, $73,900, so leavers earn more than newcomers.
Income you would need
$70,200 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,755 a month; owners with a mortgage pay $2,318 a month including taxes and insurance, on a median home of $388,900.
Getting to work
26 minutes each way on average; 15.0% work from home.
If it is close but not quite
Basehor, KS matches it on character for less of your income. Compare the two
Moved from another state1
5.0%
154% above the median place
Moved here in the past year1
6.5%
14% above the median place
Net movers per 1,000 people7
-12.8
below the median place (median -0.6)
All 5 moving measures
MeasureLakelandAmong 6,645 placesVs median
Moved here in the past year16.5%14% above
Moved from another state15.0%154% above
Net movers per 1,000 people7County figure-12.8below (median -0.6)
Income of households moving in7County figure$59,79315% below
Income of households moving out7County figure$73,8635% above
02

What it costs to live here

After the median rent, with other prices set to the US average, the median household keeps about $100,500 a year, more than in 79% of the 1,884 places of 10,000 to 25,000 people we track.

Lakeland18.1%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$70,200
a year, at the 30% line
Rent to income
18.1%
11% below the median place
Home price to income
3.4x
12% below the median place

Could you afford it?

The median rent would take
18%
comfortably under the 30% line
Left after rent, in US prices
$100,200
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Lakeland, $1,755 a month, and local prices for everything else (94.7 against a US average of 100). It runs in your browser and stores nothing.

Like Lakeland, but easier on the budget

Places that match Lakeland on character (size, age, education, homeownership, household size, housing age, remote work and climate) but where rent takes a clearly smaller share of income. Cost was left out of the match on purpose.

PlaceMatchRent to incomeMore left a year
Basehor, KS9312.9% vs 18.1%$8,000Compare
Cottleville, MO9314.8% vs 18.1%$13,200Compare
Chesapeake Beach, MD9015.2% vs 18.1%$17,200Compare
Mahomet, IL9014.1% vs 18.1%$4,500Compare

Moving from somewhere else? Work out the salary you would need in Lakeland.

Sponsored · exampleMoving to Lakeland? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Median year built1
2000
1% above the median place
Homeownership1
79.2%
19% above the median place
Owner costs with a mortgage1
$2,318
24% above the median place
All 15 cost and housing measures
MeasureLakelandAmong 6,645 placesVs median
Median gross rent1$1,75529% above
Rent to income118.1%11% below
Property tax rate11.0%10% above
Home price to income13.4x12% below
Prices vs US average2Metro figure92.29% below
Fair market rent, 2 bedrooms3County figure$1,30119% below
Property tax paid (median)1$3,88019% above
Median home value1$388,90022% above
Home prices, 1-year change4County figure-0.1%below (median 3.2%)
Home prices, 5-year change4County figure37.6%27% below
Homeownership179.2%19% above
Renters paying 30%+152.9%4% above
Owner costs with a mortgage1$2,31824% above
Vacant homes1County figure10.3%46% above
Median year built120001% above
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Poverty rate1
3.2%
70% below the median place
Unemployment1
2.8%
42% below the median place

More on work and pay, against the typical place

Median household income$116,250 +45%
Income per person$56,035 +40%
Works from home15.0% +20%
Mean commute26 min +3%
All 10 work and pay measures
MeasureLakelandAmong 6,645 placesVs median
Median household income1$116,25045% above
Income per person1$56,03540% above
Unemployment12.8%42% below
Average annual pay5County figure$74,11712% above
Pay growth, 1 year5County figure3.6%3% below
Jobs5County figure471,160213% above
Poverty rate13.2%70% below
Mean commute126 min3% above
Works from home115.0%20% above
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

High school or higher is 96.9%, 5% above the median place.

High school or higher1
96.9%
5% above the median place
Bachelor's or higher1
53.1%
66% above the median place
No health insurance1
3.9%
39% below the median place

More about who lives here, against the typical place

Homes with broadband95.3% +3%
Household size2.7 +7%
Median age41.0 +5%
Born abroad11.5% +30%
All 9 people measures
MeasureLakelandAmong 6,645 placesVs median
Population114,1923121st largest
Population change since 202063.6%211% above
Median age141.05% above
Bachelor's or higher153.1%66% above
High school or higher196.9%5% above
Household size12.77% above
Born abroad111.5%30% above
No health insurance13.9%39% below
Homes with broadband195.3%3% above
05

Life in Lakeland

OpenStreetMap shows 2.1 parks per 10,000 residents, fewer than in 90% of the 2,301 places of 10,000 to 25,000 people we track.

212 sites are on the National Register of Historic Places, 5 of them National Historic Landmarks. Its history on Wikipedia

Out the door, against the typical place

Parks per 10k residents2.1 −79%
Playgrounds per 10k3.5 −63%
Grocery stores per 10k1.4 −33%
Restaurants, cafes and bars per 10k3.5 −68%
Libraries per 10k0.0 −100%
Named paths and bike trails6 km 2.9×
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

National Park Service sites nearby

  • Brice's Cross Roads National Battlefield Site 77 miles
  • Shiloh National Military Park 80 miles
  • Natchez Trace Parkway 86 miles

Businesses per 10,000 residents (county figures)

Restaurants and bars19.8 −5%
Shops31.7 +5%
Arts, recreation and fitness2.9 −29%
Doctors' offices and clinics17.6 −13%
Child care centers2.5 +9%

Counts businesses with paid staff, so small owner-run shops are not included.

Public schools12
2
78% below the median place
Nearest National Park Service site10
77.0
150% above the median place
Public school students12
2,538
48% below the median place
All 17 schools and local life measures
MeasureLakelandAmong 6,645 placesVs median
Public schools12278% below
Public school students122,53848% below
Restaurants and bars per 10k8County figure19.85% below
Shops per 10k8County figure31.75% above
Arts, recreation and fitness per 10k8County figure2.929% below
Doctors' offices and clinics per 10k8County figure17.613% below
Child care centers per 10k8County figure2.59% above
Parks per 10k92.179% below
Playgrounds per 10k93.563% below
Grocery stores per 10k91.433% below
Restaurants, cafes and bars per 10k93.568% below
Libraries per 10k90.0below (median 0.9)
Named paths and bike trails95.7185% above
Transit stops per sq mi90.0below (median 0.2)
Nearest National Park Service site1077.0150% above
National Park Service sites within 60 miles100below (median 2)
National Register listings11County figure212above (median 13)
06

Safety, weather and risk

Tornado risk is 99.8, 23% above the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Lakeland. Larger places are fetched first.

Tornado risk14
99.8
23% above the median place
Heat wave risk14
99.5
11% above the median place
Natural hazard risk14
99.4
7% above the median place
All 11 weather and risk measures
MeasureLakelandAmong 6,645 placesVs median
July average high13County figure91°F5% above
January average low13County figure32°F27% above
Average temperature13County figure62°F13% above
Annual precipitation13County figure55.4 in26% above
Natural hazard risk14County figure99.47% above
Hurricane risk14County figure67.15% below
Tornado risk14County figure99.823% above
Wildfire risk14County figure71.116% above
Heat wave risk14County figure99.511% above
Median air quality index15County figure479% above
Good air days15County figure60.3%12% below
08

Lakeland in 2030: where the trends point

If recent trends hold, the median rent will take about 19% of the median income in 2030, up from 18% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases. On projected 2030 affordability, Lakeland does better than 63% of places. Its projected home value growth beats 57%.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,755/mo (2024)$2,290/mo$1,880 to $2,790/mo+4.5%
Median household income$116,250 (2024)$145,500$123,000 to $172,000+3.8%
Median home value$388,900 (2024)$560,000$407,000 to $772,000+6.3%
Population14,422 (2025)14,74014,140 to 15,370+0.4%

The median home would be worth 3.8 years of the median income in 2030, against 3.3 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Lakeland

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
St. Charles, IL$1,819$114,300Compare
Stallings, NC$1,882$115,974Compare
Friendswood, TX$1,688$126,508Compare
Catonsville, MD$1,724$114,109Compare
Catonsville, MDFriendswood, TXStallings, NCSt. Charles, ILLakeland, TNLakelandSt. CharlesStallingsFriendswoodCatonsvilleLakelandSt. CharlesStallingsFriendswoodCatonsville

Places built like Lakeland

Its statistical peers: the closest matches on size, age, education, homeownership, household size, housing age, origin and remote work, in the same part of the country. Cost and outcomes are left out of the match, so the table shows how Lakeland performs against places like it.

PlaceRent to incomeIncome growthPop. change
Lakeland, TN18.1%2.4%/yr3.6%
Pelham, AL18.7%4.7%/yr6.2%Compare
Spanish Fort, AL16.8%3.4%/yr11.6%Compare
Crestwood, KY13.2%0.7%/yr5.7%Compare
Pike Road, AL16.9%2.7%/yr26.1%Compare
Chelsea, AL14.7%3.4%/yr17.1%Compare
Francisville, KY10.7%5.0%/yrn/aCompare

Common questions

Is Lakeland a good place to live?

It depends on what you need, so here is what the numbers say. Its Citytistics Index is 77 out of 100, better than 77% of the places we rate and 14th of 112 in Tennessee. OpenStreetMap shows 0 libraries per 10,000 residents, fewer than in 86% of the 2,301 places of 10,000 to 25,000 people we track. It is the lowest of 112 Tennessee places we track. Half the homes were built after 2000, newer housing than in 88% of the 2,300 places of 10,000 to 25,000 people we track. On cost, space and class size it scores 93 out of 100 for families. See how it ranks with your own weights.

Is Lakeland expensive to live in?

The median rent takes 18.1% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $388,900.

What salary do you need to live in Lakeland?

To rent the median home without spending more than 30% of income on rent, a household needs about $70,200 a year. Work it out from your current city.

What places are similar to Lakeland?

On income, rent, home value, education and age, the closest matches are St. Charles, IL, Stallings, NC, Friendswood, TX and Catonsville, MD.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  5. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  6. Population Estimates · US Census Bureau · Vintage 2025
  7. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  8. County Business Patterns · US Census Bureau · 2023 data
  9. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  10. National Park Service sites · Wikidata (CC0), units operated by the National Park Service · Retrieved 2026-11
  11. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  12. Common Core of Data · National Center for Education Statistics · 2024 release
  13. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  14. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  15. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Lakeland with places of a similar size, using only figures measured for Lakeland itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/lakeland-tennessee

Citytistics. “Lakeland, Tennessee.” Data as of 2026-11-14. https://www.citytistics.com/city/lakeland-tennessee/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.