Everything You Should Know Before Moving to Lakeland, TN
Lakeland, TN is a family-friendly suburb with around 13,900 residents, offering a low cost of living and a strong housing market—median home prices are about $420,000, and rents average $1,650. Crime rates are notably low, and the city boasts top-rated schools, high educational attainment, and a short average commute of 29 minutes. With 62% sunny days and plenty of green spaces, Lakeland is ideal for those seeking safety, good schools, and a comfortable suburban lifestyle close to Memphis.
Demographics - Lakeland, TN
Demographics - Lakeland, TN
Lakeland, TN is home to approximately 13,900 residents with a median age of 40, reflecting a balanced, family-oriented community. The city is predominantly White (72.5%) with meaningful Black, Asian, and other minority populations, and about 9% of residents speak a language other than English at home. Its moderate population density of 860 people per square mile provides a comfortable suburban atmosphere.
Population:
13,900
Density:
860 per sq mi
Median Age:
40.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
9.0%

Ethnic Composition
White:
72.5%
Black:
14.2%
Asian:
5.5%
Others:
7.8%
Cost Of Living
What is the average cost of living in Lakeland, TN?
Lakeland offers a slightly below-average cost of living index (98.1), with housing costs close to the national average—median home values are $420,000 and typical rents are $1,650 per month. Utility and transportation expenses are reasonable, and Tennessee's state income tax rates remain low. These factors make the city attractive for those seeking affordability without sacrificing quality of life.
Median House Value:
$420,000
Gross Rent:
$1,650
Monthly Electricity Charges:
$130
Auto Insurance:
$1,300
House Owner Cost With Mortgage:
$2,050
House Owner Cost Without Mortgage:
$590
State Taxes:
Low:
0%
|
High:
5.25%
Cost Of Living Index:
98.1
Grocery:
95.0
Housing:
102.0
Utilities:
96.7
Transportation:
94.2
Health Care:
92.5
Miscellaneous:
97.8
Crime
Is Lakeland, TN a safe place to live?
Lakeland enjoys a notably low crime rate, with violent crime at just 71 incidents per 100,000 residents and property crime at 610 per 100,000. Residents experience a low chance of becoming a crime victim, making it one of the safer suburbs in the Memphis area. This safety contributes to its appeal for families and retirees alike.
Violent Crimes Per 100k:
71
Property Crimes Per 100k:
610
Crime Index:
681
Chance Of Violent Crime:
1 in 1,410
Chance Of Property Crime:
1 in 164
Weather
What is the weather like in Lakeland, TN year-round?
Residents experience four distinct seasons, with mild winters averaging lows of 32°F and warm summers reaching highs of 91°F. Lakeland receives about 54 inches of rainfall annually and enjoys sunshine around 62% of the year. The climate supports outdoor activities much of the year, contributing to the city’s livability.

Winter
Min:
32°F
Max:
49°F

Spring
Min:
51°F
Max:
74°F

Summer
Min:
70°F
Max:
91°F

Fall
Min:
52°F
Max:
75°F
Average Rainfall Inches:
54 inches
Sunny Days Percentage:
62%
Neighbors
Lakeland's neighborhoods are characterized by high household incomes—median household income stands at $110,900, and the poverty rate is low at 2.9%. Nearly all adults have completed high school, and over half hold a bachelor’s degree or higher. The average commute is about 29 minutes, with very few residents relying on public transportation.
Median Income:
$56,000
Household Income:
$110,900
Family Income:
$124,300
Per Capita Income:
$45,200
Income Male:
$68,200
Income Female:
$51,700
Poverty Rate:
2.9%
Non English Speakers:
9.0%
Rent:
$1,650
Unemployment Rate:
2.8%
Public Transport Usage:
0.3%
Commute Time:
29.1 minutes

Education
High School or Higher:
97.3%
Bachelors or More:
50.8%
Education
How are the schools in Lakeland, TN?
Lakeland boasts top-rated public schools such as Lakeland Preparatory and Lakeland Elementary, with favorable student-teacher ratios fostering a supportive learning environment. Higher education opportunities are close by, including Southwest Tennessee Community College and the University of Memphis, both located within a 20-mile radius. The city’s commitment to education is reflected in its high educational attainment rates.

Public Schools
Name:
Lakeland Preparatory School
Street:
5020 Lions Crest Dr
Phone:
901-290-5214
Students:
1,050
Student Teacher Ratio:
18.2
Name:
Lakeland Elementary School
Street:
10050 Oak Seed Ln
Phone:
901-290-5272
Students:
1,200
Student Teacher Ratio:
16.1

Private Schools
Name:
Tipton-Rosemark Academy
Street:
8696 Rosemark Rd, Millington, TN
Phone:
901-829-4221
Students:
625

Colleges
Name:
Southwest Tennessee Community College
City:
Memphis
State:
TN
Distance:
16 miles
Students:
10,200
Name:
University of Memphis
City:
Memphis
State:
TN
Distance:
17 miles
Students:
21,600
Healthcare
Lakeland residents have access to quality healthcare services, including nearby hospitals like Methodist North Hospital and Baptist Memorial Hospital – Tipton, both offering emergency care. The city has 2.1 physicians per 1,000 residents and a high rate of health insurance coverage at 92%. These factors contribute to a strong local healthcare environment.

Major Hospitals
Name:
Methodist North Hospital
Address:
3960 New Covington Pike, Memphis, TN 38128
Phone:
(901) 516-5200
Type:
General & Surgical
Emergency Services:
Yes
Name:
Baptist Memorial Hospital – Tipton
Address:
1995 Highway 51 S, Covington, TN 38019
Phone:
(901) 476-2621
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
92.0%
Health Care Index:
77.8
Housing Market
What is the housing market like in Lakeland, TN?
Lakeland’s housing market is robust, highlighted by a median home price of $420,000 and an owner-occupied rate of 85.2%. Rental options are available, with average two-bedroom rents at $1,650 and a low vacancy rate of 4.1%. Home values continue to appreciate, making it a stable investment for homebuyers.
Median Home Price:
$420,000
Average Rent For 2 Bedroom:
$1,650
Owner Occupied Rate:
85.2%
Rental Vacancy Rate:
4.1%
Home Appreciation Rate (1yr):
4.7%
New Construction Rate:
3.2%
Foreclosure Rate:
0.4%
DMV Information
Driver services in Lakeland are provided by the Tennessee Department of Safety & Homeland Security, with the nearest office located in Bartlett. Residents can access licensing and vehicle services both in-person and online. This ensures convenient access to essential DMV resources.
State:
Tennessee
Department:
Tennessee Department of Safety & Homeland Security
Address:
6340 Summer Ave, Bartlett, TN 38134
Phone:
1-866-849-3548
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.