Lakeland vs Memphis
| Lakeland | Memphis | |
|---|---|---|
| Population | 13,811 | 630,027 |
| Median Household Income | $116,250 | $51,736 |
| Median Home Value | $388,900 | $169,000 |
| Median Gross Rent | $1,755/mo | $1,181/mo |
| Homeownership Rate | 79.2% | 44.9% |
| Unemployment Rate | 2.8% | 8.3% |
| Bachelor's Degree or Higher | 53.1% | 28.0% |
| Median Age | 41.0 | 34.2 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.