At a Glance
Median Income
$65,925
$49,172 per capita
Home Value
$241,500
Zillow: $298,111
Median Rent
$1,013/mo
25.0% of income on rent
Violent Crime
142/100K
1,155/100K property
Bachelor's Degree+
53.9%
95.4% high school+
Unemployment
5.2%
6.1% poverty rate
Obesity Rate
30.9%
12.2% smoking rate
How Lakewood Compares to the U.S. Average
Each bar shows Lakewood's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Lakewood a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Lakewood residents earn a median household income of $65,925 , which is 12% below the national average of $75,149.
Per capita income is $49,172. The unemployment rate stands at 5.2% (44% above the U.S. rate of 3.6%). 6.1% of residents live below the poverty line. The area is home to 39,269 business establishments, including 3,107 restaurants.
Housing & Cost of Living
The median home value in Lakewood is $241,500 , 14% below the national median of $281,900.
Zillow estimates the typical home at $298,111. Median rent is $1,013/month, with 25.0% of renters spending more than 30% of income on housing. The cost of living index is 92.8 (100 = national average). The median home was built in 1938.
Safety & Crime
Lakewood reports 142 violent crimes per 100,000 residents
, which is 63% below the national average of 380/100K.
Property crime is 1,155/100K. The murder rate is 0.0/100K.
Education
53.9% of adults in Lakewood hold a bachelor's degree or higher
(60% above the national average).
95.4% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Lakewood has an average annual temperature of 52°F (11°C).
Winters average 29°F in January while summers reach 75°F in July. Annual precipitation totals 41.0 inches. Air quality is rated Moderate with a median AQI of 54.
Data Overview
People
Population50,229
Median Age34.7 yrs
Density9,067/mi²
Male / Female48% / 52%
Foreign Born8.1%
Veterans4.8%
Economy
B+
Median Income$65,925
Per Capita$49,172
Unemployment5.2%
Poverty6.1%
County GDP$135,914M
Avg Weekly Wage$1,445
Housing
A+
Home Value$241,500
Rent$1,013
Ownership44.5%
Zillow$298,111
Housing Units28,736
Rent Burden25.0%
Crime
F
Violent142/100K
Property1,155/100K
Murder0.0/100K
Assault112/100K
Burglary110/100K
Health
Obesity30.9%
Diabetes8.7%
Smoking12.2%
Heart Disease4.9%
Premature Death10,171/100K
Climate
Avg Temp52°F
Rain41.0 in/yr
AQI54 (Moderate)
Elevation699 ft
Education
A+
Bachelor's+53.9%
High School+95.4%
Graduate+18.1%
School Score5.2/10
Community
2024 VoteR 34% / D 65%
Commute23 min
Broadband91.4%
Internet Speed179 Mbps
EV Stations15
Libraries68
Did You Know?
Lakewood was founded in 1889.
The median home in Lakewood was built in 1938.
19.0% work from home.
The nearest airport is Cleveland-Hopkins International (6 miles).
The Gini coefficient (income inequality) is 0.508 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
13.2% of the population has a disability.
Average internet download speed is 179 Mbps.
There are 3,107 restaurants in the area.
The county recorded 82 fatal vehicle crashes.