Lakewood Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Lakewood, New Jersey? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Lakewood, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Lakewood is $59,054.00.

The chart below shows the average household income by age in Lakewood.

  • Under 25
    $33,580.00
  • 25 to 44
    $61,043.00
  • 45 to 64
    $93,465.00
  • 65 and over
    $45,813.00

Average Household Income

A very commonly asked question is "what is the average household income in Lakewood, New Jersey?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Lakewood is $89,304.00.

9.29% of households in Lakewood, New Jersey are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Lakewood but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Lakewood

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Lakewood, New Jersey easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    17.50%
  • $25,000 to $49,999
    25.44%
  • $50,000 to $74,999
    17.06%
  • $75,000 to $99,999
    9.83%
  • $100,000 to $149,999
    14.94%
  • $150,000 to $199,999
    5.95%
  • $200,000 or more
    9.29%

Per Capita Income

The per capita income is the average income of all people in Lakewood, New Jersey. This is calculated by dividing the total income of all people in Lakewood by the total number of people in Lakewood.

It differs from the average or mean household income because it includes all people in Lakewood and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Lakewood, New Jersey is $20,878.00.

Population in Lakewood by Race and Ethnicity

The total population in Lakewood is currently 133,875 people.

The race and ethnicity of the population in Lakewood can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Lakewood, New Jersey.

  • 4.20% White
    5,657
  • 90.00% Black/African American
    120,457
  • 85.40% Native
    114,380
  • 7.70% Hispanic
    10,273
  • 2.20% Asian
    3,004
  • 0.00% Hawaiian/Pacific Islander
    49
  • 0.00% Two or more races
    8
  • 0.70% Other
    901

Population of Lakewood by Age and Gender

Another very important demographics statistic for Lakewood, New Jersey is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 21,514 20,389
10 to 19 Years 14,014 13,925
20 to 29 Years 7,813 8,256
30 to 39 Years 7,974 7,601
40 to 49 Years 5,066 4,700
50 to 59 Years 3,162 2,730
60 to 69 Years 2,987 3,459
70 Years and over 4,262 6,023

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Lakewood, New Jersey.

  • Master's degree or higher
    16.14%
  • Bachelor's degree
    27.39%
  • Some college or associate's degree
    9.66%
  • High school diploma or equivalent
    42.42%
  • Less than high school diploma
    4.39%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Lakewood because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Lakewood look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Lakewood, New Jersey that are over the age of 16.

The current population in Lakewood that are over the age of 16 is 72,523 people.

The unemployment rate in Lakewood is 6.30%, which means 2,487 people are unemployed.

Median Age in Lakewood

The median age is an interesting metric because it gives us an idea of the age distribution of people in Lakewood, New Jersey. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Lakewood is 18.4 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Lakewood

18.4

Total

17.6

Male

19.2

Female

Households and Families

There are a total of 30,751 households in Lakewood, and the average household size is 4.29 people.

For families, the total number is 23,614, and the average family size is 5.13 people.

21.10% of those families in Lakewood, New Jersey are living below the poverty line.

The table below shows the poverty thresholds for Lakewood in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Lakewood, New Jersey for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 20,591 903 2,120 7,137
Average Household Size 5.41 5.13 3.53 1.17
Total Families 20,591 903 2,120 0
Average Household Size 5.33 4.47 3.43 0

Housing Data in Lakewood

There are total of 33,218 housing units in Lakewood, New Jersey. Of those units, 30,751 (92.57%) are occupied, and 2,467 (7.43%) are vacant.

Rental Rates

Of the 33,218 housing units in Lakewood, 14,230 (42.84%) are occupied by renters. The median rent paid by renters is $1,623.00.

Owner occupied housing units make up the remaining 47.71% of housing units, with 15,849 housing units in total.

The table below breaks down how much rent is paid by renters in Lakewood, New Jersey.

  • No rent paid
    672
  • Less than $500
    522
  • $500 to $999
    936
  • $1,000 to $1,499
    4,557
  • $1,500 to $1,999
    4,482
  • $2,000 to $2,499
    2,373
  • $2,500 to $2,999
    900
  • $3,000 or more
    460

Property Values

The median value of a property in Lakewood is $411,500.00.

The table below breaks down the range of valuations for all properties in Lakewood.

  • Less than $50,000
    437
  • $50,000 to $99,999
    1,302
  • $100,000 to $149,999
    1,329
  • $150,000 to $199,999
    915
  • $200,000 to $299,999
    1,726
  • $300,000 to $499,999
    4,163
  • $500,000 to $999,999
    4,949
  • $1,000,000 or more
    1,028

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Lakewood, New Jersey.

  • 1939 or earlier
    1,215
  • 1940 to 1949
    293
  • 1950 to 1959
    1,836
  • 1960 to 1969
    3,961
  • 1970 to 1979
    5,116
  • 1980 to 1989
    3,490
  • 1990 to 1999
    4,603
  • 2000 to 2009
    6,827
  • 2010 to 2013
    5,709
  • 2014 or later
    168

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Lakewood has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    2,646
  • 1 vehicle available
    12,555
  • 2 vehicles available
    13,339
  • 3 or more vehicles available
    2,211

Commuting to Work in Lakewood

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Lakewood, New Jersey, how they commute, and how that correlates to other data points.

The average travel time is 24.5 minutes, and the chart below covers the range of travel times across the population of Lakewood.

  • Less than 5 minutes
    789
  • 5 to 9 minutes
    4,841
  • 10 to 14 minutes
    7,148
  • 15 to 19 minutes
    6,243
  • 20 to 24 minutes
    3,252
  • 25 to 29 minutes
    872
  • 30 to 34 minutes
    1,740
  • 35 to 39 minutes
    490
  • 40 to 44 minutes
    932
  • 45 to 59 minutes
    1,030
  • 60 to 89 minutes
    1,998
  • 90 or more minutes
    1,739

We can also look at the means of transport in Lakewood to see which modes of transport people are using to commute to work.

  • Drove alone
    23,319
  • Carpooled
    5,399
  • Public transportation
    669
  • Walked
    1,108
  • Other means
    579
  • Worked from home
    4,273

Conclusion

Hopefully this article has given you the demographics data you were looking for in Lakewood, New Jersey.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Lakewood.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Lakewood Average Income, Population and Demographics". NameCensus.com. Accessed on March 29, 2024. https://namecensus.com/demographics/washington/pierce-county/lakewood/.

  • "Lakewood Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/washington/pierce-county/lakewood/. Accessed 29 March, 2024

  • Lakewood Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/washington/pierce-county/lakewood/.