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Lake Wales City, Florida Economic Analysis

   (County: Polk County)

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Economic Analysis

People and the communities they live in depend on money. The people of Lake Wales City, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Lake Wales City, Florida

12:00 A.M. TO 4:59 A.M.   : 91   (2.5%)
5:00 A.M. TO 5:29 A.M.   : 124   (3.4%)
5:30 A.M. TO 5:59 A.M.   : 220   (6.0%)
6:00 A.M. TO 6:29 A.M.   : 451   (12.3%)
6:30 A.M. TO 6:59 A.M.   : 520   (14.1%)
7:00 A.M. TO 7:29 A.M.   : 524   (14.2%)
7:30 A.M. TO 7:59 A.M.   : 508   (13.8%)
8:00 A.M. TO 8:29 A.M.   : 425   (11.6%)
8:30 A.M. TO 8:59 A.M.   : 155   (4.2%)
9:00 A.M. TO 9:59 A.M.   : 128   (3.5%)
10:00 A.M. TO 10:59 A.M.   : 72   (2.0%)
11:00 A.M. TO 11:59 A.M.   : 80   (2.2%)
12:00 P.M. TO 3:59 P.M.   : 158   (4.3%)
4:00 P.M. TO 11:59 P.M.   : 223   (6.1%)


(updated 2010)



Means Of Transportation
(Lake Wales City, Florida)

Car, truck, or van:

Drove alone : 4,126

Carpooled:

In 2-person carpool : 390

In 3-person carpool : 105

In 4-person carpool : 10

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 25

Public transportation (excluding taxicab):

Bus or trolley bus : 0

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 34

Bicycle : 8

Walked : 143

Other means : 155

Worked at home : 128


(updated 2009)



Travel Time To Work
(Lake Wales City, Florida)

Less than 5 minutes : 506

5 to 9 minutes : 704

10 to 14 minutes : 1,021

15 to 19 minutes : 587

20 to 24 minutes : 487

25 to 29 minutes : 273

30 to 34 minutes : 621

35 to 39 minutes : 97

40 to 44 minutes : 87

45 to 59 minutes : 324

60 to 89 minutes : 213

90 or more minutes : 76


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Lake Wales City, Florida)

With Social Security income : 2,455

No Social Security income : 3,399


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Lake Wales City, Florida)

With retirement income : 1,264

No retirement income : 4,590


(updated 2009)



Family Income (Annual)
(Lake Wales City, Florida)

Less than $10,000 : 401

$10,000 to $14,999 : 143

$15,000 to $19,999 : 149

$20,000 to $24,999 : 280

$25,000 to $29,999 : 222

$30,000 to $34,999 : 455

$35,000 to $39,999 : 295

$40,000 to $44,999 : 230

$45,000 to $49,999 : 222

$50,000 to $59,999 : 384

$60,000 to $74,999 : 467

$75,000 to $99,999 : 374

$100,000 to $124,999 : 180

$125,000 to $149,999 : 43

$150,000 to $199,999 : 104

$200,000 or more : 66


(updated 2009)



Median Family Income (Annual)
(Lake Wales City, Florida)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $41,157


(updated 2009)



AM Radio Stations Near Lake Wales City, Florida

  • WJCM (1050 AM; 1.0 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WWBF (1130 AM; 2.5 kW; Bartow, FL; Owner: Thornburg Communications, Inc.)
  • NEW (1160 AM; 5.0 kW; Kissimmee, FL; Owner: -)
  • WIWA (1160 AM; 2.5 kW; Kissimmee, FL; Owner: Centro De La Familia Cristiana Inc.)
  • WOTS (1220 AM; 1.0 kW; Kissimmee, FL; Owner: J & V Communications, Inc.)
  • WOTS (1220 AM; 2.5 kW; Kissimmee, FL; Owner: J & V Communications, Inc.)
  • WONN (1230 AM; 1.0 kW; Lakeland, FL; Owner: Hall Communications, Inc.)
  • WIPC (1280 AM; 0.5 kW; Lake Wales, FL; Owner: Super W Media Group, Inc.)
  • WIPC (1280 AM; 1.0 kW; Lake Wales, FL; Owner: Super W Media Group, Inc.)
  • WAUC (1310 AM; 5.0 kW; Wauchula, FL; Owner: Marvina Enterprises, Inc.)
  • WWAB (1330 AM; 1.0 kW; Lakeland, FL; Owner: Radio Station Wwab, Inc.)
  • WITS (1340 AM; 1.0 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WHNR (1360 AM; 5.0 kW; Winter Haven, FL; Owner: Gb Enterprises Communications Corp.)
  • WFHT (1390 AM; 1.0 kW; Avon Park, FL; Owner: Odyssey Broadcasting Company, Inc.)
  • WLKF (1430 AM; 5.0 kW; Lakeland, FL; Owner: Hall Communications, Inc.)
  • WQXM (1460 AM; 10.0 kW; Bartow, FL; Owner: Florida Broadcasting Media, Llc)
  • WSIR (1490 AM; 1.0 kW; Winter Haven, FL; Owner: Anscombe Broadcasting Group, Ltd.)
  • WTWB (1570 AM; 5.0 kW; Auburndale, FL; Owner: Carpenter's Home Church, Inc.)
  • WJWB (700 AM; 2.5 kW; Auburndale, FL; Owner: People's Network, Inc.)
  • WWTK (730 AM; 0.5 kW; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • NEW (780 AM; 0.25 kW; Lakeland, FL; Owner: Radio 780)
  • NEW (780 AM; 0.25 kW; Nichols, FL; Owner: Radio 780)
  • WLVF (930 AM; 0.5 kW; Haines City, FL; Owner: Landmark Baptist Church, Inc.)

FM Radio Stations Near Lake Wales City, Florida

  • WWLL (105.7 FM; Sebring, FL; Owner: Cohan Radio Group, Inc.)
  • WZZS (106.9 FM; Zolfo Springs, FL; Owner: Heartland Broadcasting Corp.)
  • 990420ME (89.3 FM; Avon Park, FL; Owner: Radio Training Network, Inc.)
  • WLVF-FM (90.3 FM; Davenport, FL; Owner: Landmark Baptist Church, Inc.)
  • WKES (91.1 FM; Lakeland, FL; Owner: The Moody Bible Institute Of Chicago)
  • WJFH (91.5 FM; Sebring, FL; Owner: Radio Training Network, Inc.)
  • WYFO (91.9 FM; Lakeland, FL; Owner: Bible Broadcasting Network, Inc.)
  • WSJT (94.1 FM; Bowling Green, FL; Owner: Cbs Radio Stations Inc.)
  • WPCV (97.5 FM; Haines City, FL; Owner: Hall Communications, Inc.)
  • WWRZ (98.3 FM; Fort Meade, FL; Owner: Hall Communications, Inc.)
  • WWOJ (99.1 FM; Sebring, FL; Owner: Cohan Radio Group, Inc.)

TV Broadcast Stations Near Lake Wales City, Florida

  • WMOR-TV (Channel 32; Mulberry, FL; Owner: Wmor-tv Company)
  • 960920YT (Channel 60; Sebring, FL; Owner: Marri Broadcasting, Lp)

(updated 2008)



Occupations in Lake Wales City, Florida

Male:


  • Management, Professional, And Related Occupations: 457  (22.4%)
  • Service Occupations: 302  (14.8%)
  • Sales And Office Occupations: 279  (13.7%)
  • Farming, Fishing, And Forestry Occupations 264  (12.9%)
  • Construction, Extraction, And Maintenance Occupations: 353  (17.3%)

Female:


  • Management, Professional, And Related Occupations: 525  (27.6%)
  • Service Occupations: 398  (20.9%)
  • Sales And Office Occupations: 657  (34.5%)
  • Farming, Fishing, And Forestry Occupations 65  (3.4%)
  • Construction, Extraction, And Maintenance Occupations: 0  (0.0%)


(updated 2010)





There are 284 Farms In Lake Wales City, Florida


(updated 2008)



Banks In Lake Wales City, Florida

Suntrust Bank - 2 Branches


    Bank Assets: $356.7m
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Citizens Bank And Trust - 2 Branches


    Bank Assets: $907.1k
    Industry Specialization: Commercial Lending
    Total Offices: 12

Centerstate Bank Of Florida, National Association - 2 Branches


    Bank Assets: $7.7m
    Industry Specialization: Commercial Lending
    Total Offices: 68

Bank Of America, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Td Bank, National Association - 1 Branches


    Bank Assets: $219.6m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

(updated 2014)







Airports Near Lake Wales City, Florida

  • Bartow Municipal


    (about 12.5 miles in Eloise, Florida; Airport Code: BOW)

  • Avon Park Municipal


    (about 21.9 miles in Avon Park, Florida; Airport Code: AVO)

  • Avon Park Executive


    (about 21.9 miles in Avon Park, Florida; Airport Code: AVO)

  • Lakeland Municipal


    (about 26.9 miles in Lakeland, Florida; Airport Code: LAL)

  • Lakeland Linder Regional


    (about 27.2 miles in Lakeland, Florida; Airport Code: LAL)

  • Kissimmee Gateway


    (about 28.1 miles in Kissimmee, Florida; Airport Code: ISM)

  • Walt Disney World


    (about 33.2 miles in Lake Buena Vista, Florida; Airport Code: DWS)

  • Sebring Regional


    (about 34.6 miles in Sebring, Florida; Airport Code: SEF)

  • Orlando International


    (about 39.7 miles in Orlando, Florida; Airport Code: MCO)

  • Zephyrhills Municipal


    (about 41.4 miles in Zephyrhills, Florida; Airport Code: FL1)


(updated 2015)



Modes of Transportation in Lake Wales City, Florida

Car, Truck, Or Van:

 

Drove Alone

66.88%

Carpooled

23.81%

Public Transportation:

 

Bus Or Trolley Bus

1.36%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.18%

Motorcycle

0.0%

Bicycle

0.71%

Walked

3.10%

Other Means

0.52%

Worked At Home

3.44%



(updated 2010)





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