Living in Lakewood, Indiana
Cost of living, income, home prices, rent and demographics of Lakewood · Census data 2020–2024
Lakewood has 568 residents with a median age of 37.5. The median household income is $123,618 (72% higher than the Indiana median), the median home value is $278,200.
Lakewood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakewood at a glance
- Population
- 568
- Median age
- 37.5State: 38.1
- Median household income
- $123,618State: $71,957
- Median home value
- $278,200State: $218,200
- Homeowners
- 100%
- Bachelor's degree or higher
- 43.3%
- Average commute
- 25 min
Is Lakewood a good place to live?
Pros: Median household income 72% higher than the Indiana median.
Cons: Home values 27% higher than the state median; an average commute of 25 minutes; unemployment of 7.2%.
The weather is best in May–June and August–September.
Cost of living in Lakewood
Housing is the biggest part of the cost of living. In Lakewood the median home value is $278,200, 16% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,646 a month in housing costs.
Lakewood median household income
The median household income in Lakewood is $123,618 and the income per person is $37,974. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Lakewood: homes for sale and rent
- Housing units
- 191
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.96
Lakewood demographics
- Population
- 568
- Median age
- 37.5
- Under 18
- 35.6%
- 65 and older
- 10.7%
- Households
- 191
- Foreign-born
- 0%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood ›
Education in Lakewood
43.3% of adults 25 and older in Lakewood have a bachelor's degree or higher (Indiana: 29.5%), and 17.2% have a graduate or professional degree.
Jobs and commute in Lakewood
- Unemployment rate
- 7.2%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 13.5%
- Drive alone
- 86.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lakewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakewood | 568 | $123,618 | $278,200 | — |
| Riley | 441 | $77,083 | $108,800 | $864 |
| Cory | 109 | $150,000 | $114,400 | — |
| Terre Haute | 58,427 | $43,126 | $115,700 | $922 |
| Seelyville | 986 | $56,994 | $151,900 | $821 |
| Cloverland | 398 | $72,865 | — | $3,501 |
| Staunton | 350 | $57,500 | $92,900 | $894 |
| Saline City | 329 | $108,472 | $9,999 | — |
| West Terre Haute | 2,092 | $53,676 | $74,100 | $819 |
More for people moving to Lakewood
Lakewood ZIP code ›Weather and climate ›Living in Lakewood: FAQ
What is the median household income in Lakewood, IN?
The median household income in Lakewood is $123,618, 72% higher than the Indiana median of $71,957 (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 $278,200, compared with $218,200 in Indiana.
Is Lakewood, IN a good place to live?
Pluses: median household income 72% higher than the Indiana median. Minuses: home values 27% higher than the state median; an average commute of 25 minutes; unemployment of 7.2%.
What is the median age in Lakewood?
The median age in Lakewood is 37.5 years (Indiana: 38.1).
How long is the commute in Lakewood?
The average commute to work in Lakewood is 25 minutes; 13.5% of workers work from home.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood?
43.3% 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.
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