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Lakewood, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
69,585
Population
$56,968
Median Income
$715,500
Home Value
17.5
Median Age

Demographics

Lakewood has a population of 69,585 with a median age of 17.5. Here is the racial and ethnic breakdown of the population:

White
84.7%
Hispanic
13.1%
Black
1.8%
Demographic Value
Total Population69,585
Median Age17.5
White84.7%
Black or African American1.8%
Asian0.4%
Hispanic or Latino13.1%
Lakewood, New Jersey — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 84.7%Hispanic/Latino: 13.1%Other: 2.2%69,585PopulationWhiteWhite84.7%Hispanic/LatinoHispanic/Latino13.1%OtherOther2.2%

Income & Economy

The median household income in Lakewood is $56,968, which is 29.3% below the national median of $80,610. The per capita income is $19,050. The poverty rate is 29.9%.

$56,968
Median Household Income
$19,050
Per Capita Income
29.9%
Poverty Rate

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Education

In Lakewood, 89.3% of residents age 25+ have a high school diploma or higher, and 31.9% hold a bachelor's degree or higher (15.3% with a graduate or professional degree).

HS Diploma+
89.3%
Bachelor's+
31.9%
Graduate+
15.3%
Education Level % of Adults (25+)
High School Diploma or Higher89.3%
Bachelor's Degree or Higher31.9%
Graduate or Professional Degree15.3%

Housing

The median home value in Lakewood is $715,500, above the national median of $303,400. The median monthly rent is $1,718. The homeownership rate is 39.1%.

$715,500
Median Home Value
$1,718/mo
Median Rent
39.1%
Homeownership Rate
Housing Metric Value
Median Home Value$715,500
Median Monthly Rent$1,718
Homeownership Rate39.1%
Vacancy Rate4.6%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Lakewood, New Jersey?
The population of Lakewood, New Jersey is 69,585 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lakewood, New Jersey?
The median household income in Lakewood, New Jersey is $56,968. This is 29.3% below the national median of $80,610.
What is the median home value in Lakewood, New Jersey?
The median home value in Lakewood, New Jersey is $715,500. The median monthly rent is $1,718.
What percentage of people in Lakewood have a college degree?
In Lakewood, New Jersey, 31.9% of adults age 25 and older hold a bachelor's degree or higher, and 89.3% have a high school diploma or higher.
Is Lakewood, New Jersey an affordable place to live?
The home price-to-income ratio in Lakewood, New Jersey is 12.6x (median home value $715,500 vs. median income $56,968), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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