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Lakewood, WA

Full City Profile · Washington · Pierce County County

2.8 /5.0
C+ Fair
63,034 Population 3,695/sq mi density
$70,524 Median Income $40,711 per capita
$420,500 Home Value $510,470 Zillow
$1,460 Median Rent 31.7% income on rent
52°F Avg Temperature 240 sunny days/yr
757 Violent Crime/100K 3,769 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$70,524 median income, 3.2% unemployment
B
Affordability
3.3 / 5.0
$420,500 home value, $1,460/mo rent
F
Safety
1.0 / 5.0
757 violent crimes/100K (99% above avg)
C+
Education
2.8 / 5.0
22.6% bachelor's degree or higher

Lakewood, WA

At a Glance

Median Income
$70,524
6% below
$40,711 per capita
Home Value
$420,500
49% above
Zillow: $510,470
Median Rent
$1,460/mo
26% above
31.7% of income on rent
Violent Crime
757/100K
99% above
3,769/100K property
Bachelor's Degree+
22.6%
33% below
87.1% high school+
Unemployment
3.2%
11% below
8.2% poverty rate
Obesity Rate
39.6%
23% above
13.8% smoking rate
Avg Temperature
52°F
240 sunny days/yr

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)

Income
94%
Home Value
149%
Rent
126%
Poverty
66%
Bachelor's
67%
Unemployment
89%
Crime
199%
Thin vertical line = U.S. national average (100%)

Is Lakewood a Good Place to Live?

C+
2.8 / 5.0 — Fair
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Lakewood residents earn a median household income of $70,524 , which is 6% below the national average of $75,149. Per capita income is $40,711. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). 8.2% of residents live below the poverty line. The area is home to 20,820 business establishments, including 1,771 restaurants.

Housing & Cost of Living

The median home value in Lakewood is $420,500 , 49% above the national median of $281,900. Zillow estimates the typical home at $510,470. Median rent is $1,460/month, with 31.7% of renters spending more than 30% of income on housing. The cost of living index is 107.0 (100 = national average). The median home was built in 1974.

Safety & Crime

Lakewood reports 757 violent crimes per 100,000 residents , which is 99% above the national average of 380/100K. Property crime is 3,769/100K. The murder rate is 3.3/100K.

Education

22.6% of adults in Lakewood hold a bachelor's degree or higher (33% below the national average). 87.1% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

Lakewood has an average annual temperature of 52°F (11°C). Winters average 41°F in January while summers reach 65°F in July. The area gets 240 sunny days per year. Annual precipitation totals 42.0 inches. Air quality is rated Good with a median AQI of 28.

Data Overview

People

Population63,034
Median Age36.3 yrs
Density3,695/mi²
Male / Female49% / 52%
Foreign Born13.6%
Veterans13.3%

Economy

A
Median Income$70,524
Per Capita$40,711
Unemployment3.2%
Poverty8.2%
County GDP$64,941M
Avg Weekly Wage$1,354

Housing

B
Home Value$420,500
Rent$1,460
Ownership44.8%
Zillow$510,470
Housing Units28,257
Rent Burden31.7%

Crime

F
Violent757/100K
Property3,769/100K
Murder3.3/100K
Assault507/100K
Burglary632/100K

Health

Obesity39.6%
Diabetes11.9%
Smoking13.8%
Heart Disease5.5%
Premature Death7,855/100K

Climate

Avg Temp52°F
Sunny Days240/yr
Rain42.0 in/yr
AQI28 (Good)
Elevation259 ft

Education

C+
Bachelor's+22.6%
High School+87.1%
Graduate+8.9%
School Score5.6/10

Community

2024 VoteR 43% / D 54%
Commute29 min
Broadband90.8%
Internet Speed162 Mbps
EV Stations6
Libraries29

Did You Know?

Lakewood was founded in 1833.
The median home in Lakewood was built in 1974.
The nearest airport is Olympia Regional (22 miles).
The Gini coefficient (income inequality) is 0.420 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
19.1% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 162 Mbps.
There are 1,771 restaurants in the area.
The county recorded 86 fatal vehicle crashes.
91 declared natural disasters on record.