Is Lakewood a Good Place to Live?
Based on current data, Lakewood receives an overall livability score of 4.8 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, a highly educated population, a low poverty rate, high health insurance coverage. Areas to be aware of include above-average unemployment. Lakewood stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Lakewood is $107,574, which is significantly higher than the national average — 43% above $75,149. This places Lakewood among higher-income communities. The unemployment rate of 5.3% is somewhat elevated compared to the national rate of 3.6%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 20 minutes.
Cost of Living & Housing
The median home value in Lakewood is $269,400, roughly aligned with the national median of $281,900. At just 2.5x median income, home prices are very affordable relative to local earnings.
Education
Educational attainment is solid, with 47.7% holding a bachelor's degree or higher, near the national average. 100.0% have completed high school. Area schools have an average test score of 6/10.
Climate & Weather
Lakewood experiences four distinct seasons with an average temperature of 54°F. Winters average 29°F in January while summers reach 76°F in July. Annual precipitation totals 41.8 inches. Air quality is rated Good with a median AQI of 41.