[5] The area was an agricultural community and early settlers included lumbermen, turpentine workers, families from Fort Reed (Sanford) who had received land grants, and Swedish families, who were mainly orange growers.

Evans built the original Lake Mary Elementary School, along with many commercial buildings and new homes.

[6] Rated by Money magazine as the #4 best place to live in America in the August 2007 issue.

Lake Mary is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, and is approximately 19 miles from Orlando, Florida.

As of the 2020 United States census, there were 16,798 people, 6,636 households, and 4,859 families residing in the city.

[15] The American Automobile Association, AAA, National Office is located in Lake Mary and is one of the largest business employers in the area.

Also located in Lake Mary is the new Verizon Financial Center, Mitsubishi-Hitachi Power Systems along with multiple other nationally known companies.

Dixon Ticonderoga, one of the world's largest producers of pencils and art supplies, has put its headquarters in Lake Mary.

Accesso, an English technology firm involved in the leisure industry, has its North American headquarters in Lake Mary, employing 220 people locally as of 2018.