Income & Economy in Lake Wales city, FL (33853)
Median Income
$40,938
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+554
Wealth inflow
Population
12,385
Unemployment
7.3%
3.6pp above US avg
IRS migration statistics show a net inflow of about 554 for ZIP 33853 (Lake Wales city, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 33853 (2020–Present)
Since 2020, population grew 6.1%, median income fell 15.3% (inflation-adjusted), home values increased 7.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $40,938 |
| Unemployment | 7.3% |
| Establishments | 374 |
| Employees | 5,281 |