Living in Lakewood, California
Cost of living, income, home prices, rent and demographics of Lakewood · Census data 2020–2024
Lakewood has 79,850 residents with a median age of 39.4. The median household income is $119,177 (20% higher than the California median), the median home value is $827,200, the median rent is $2,347/month.
Lakewood at a glance
- Population
- 79,850
- Median age
- 39.4State: 37.9
- Median household income
- $119,177State: $99,122
- Median home value
- $827,200State: $734,700
- Median rent
- $2,347/moState: $2,036
- Homeowners
- 71.4%
- Bachelor's degree or higher
- 32.7%
- Average commute
- 28 min
Is Lakewood a good place to live?
Pros: Median household income 20% higher than the California median; an average commute of 28 minutes; unemployment of 5.2%; a poverty rate of 5.8%.
Cons: Home values 13% higher than the state median.
The weather is best in May to July and October.
Cost of living in Lakewood
Housing is the biggest part of the cost of living. In Lakewood the median home value is $827,200, 149% higher than the U.S. median. Renters pay a median of $2,347 per month, which is 31.4% of household income. Homeowners with a mortgage pay $2,951 a month in housing costs.
Lakewood median household income
The median household income in Lakewood is $119,177 and the income per person is $45,789. 5.8% of residents live below the poverty line (California: 12%).
Housing in Lakewood: homes for sale and rent
- Housing units
- 26,867
- Owner-occupied
- 71.4%
- Renter-occupied
- 28.6%
- Vacant
- 2.4%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 3.04
Lakewood demographics
- Population
- 79,850
- Median age
- 39.4
- Under 18
- 20.5%
- 65 and older
- 15.3%
- Households
- 26,230
- Foreign-born
- 21.4%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood ›
Education in Lakewood
32.7% of adults 25 and older in Lakewood have a bachelor's degree or higher (California: 37.1%), and 10.3% have a graduate or professional degree.
Jobs and commute in Lakewood
- Unemployment rate
- 5.2%State: 6.6%
- Average commute
- 28 minState: 29 min
- Work from home
- 13.3%
- Drive alone
- 74.2%
- Public transit
- 1%
- Walk to work
- 0.9%
- Homes with broadband
- 94.5%
Lakewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakewood | 79,850 | $119,177 | $827,200 | $2,347 |
| Artesia | 15,889 | $101,004 | $776,600 | $2,219 |
| Bellflower | 76,819 | $78,722 | $705,700 | $1,830 |
| Hawaiian Gardens | 13,691 | $76,341 | $554,100 | $1,696 |
| Cerritos | 47,867 | $135,439 | $935,300 | $2,930 |
| Signal Hill | 11,468 | $113,298 | $783,300 | $1,851 |
| Paramount | 52,050 | $75,250 | $533,700 | $1,875 |
| Rossmoor | 11,532 | $211,597 | $1,406,900 | $3,501 |
| Norwalk | 99,789 | $100,085 | $644,700 | $2,090 |
More for people moving to Lakewood
Lakewood ZIP code ›Weather and climate ›Living in Lakewood: FAQ
What is the median household income in Lakewood, CA?
The median household income in Lakewood is $119,177, 20% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lakewood?
The median home value in Lakewood is $827,200, compared with $734,700 in California.
How much is rent in Lakewood?
The median gross rent in Lakewood is $2,347 per month, about 31.4% of household income.
Is Lakewood, CA a good place to live?
Pluses: median household income 20% higher than the California median; an average commute of 28 minutes; unemployment of 5.2%; a poverty rate of 5.8%. Minuses: home values 13% higher than the state median.
What is the median age in Lakewood?
The median age in Lakewood is 39.4 years (California: 37.9).
How long is the commute in Lakewood?
The average commute to work in Lakewood is 28 minutes; 13.3% of workers work from home.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood?
32.7% of adults in Lakewood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: