Lake Wales is a medium-sized city located in the state of Florida. With a population of 16,774 people and 12 associated neighborhoods, Lake Wales is the 163rd largest community in Florida.

The citizens of Lake Wales are slightly better educated than the national average of 21.84% for all cities and towns, with 23.26% of adults in Lake Wales having a bachelor's degree or advanced degree.

The per capita income in Lake Wales in 2022 was $26,994, which is lower middle income relative to Florida and the nation. This equates to an annual income of $107,976 for a family of four. However, Lake Wales contains both very wealthy and poor people as well.

Lake Wales is an extremely ethnically-diverse city. The people who call Lake Wales home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Wales residents report their race to be White, followed by Black or African-American. Lake Wales also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 27.53% of the city’s residents. Important ancestries of people in Lake Wales include German, English, Irish, Polish, and Italian.

The most common language spoken in Lake Wales is English. Other important languages spoken here include Spanish and Polish.