Cost of living in Lake Wales, FL

Lake Wales is a Census city in Polk County, FL. ACS 2024 5-year population is 16,785. Median gross rent is $1,110 (ACS 2024 5-year, this place). Median home value is $239,300. Median household income is $56,347. Insurance is the NAIC state average; food is a USDA plan — no town indexes.