Living in Lakewood, New Jersey
Cost of living, income, home prices, rent and demographics of Lakewood · Census data 2020–2024
Lakewood has 139,019 residents with a median age of 18.1. The median household income is $65,101 (37% lower than the New Jersey median), the median home value is $466,700, the median rent is $1,774/month.
Lakewood at a glance
- Population
- 139,019
- Median age
- 18.1State: 40.1
- Median household income
- $65,101State: $103,556
- Median home value
- $466,700State: $454,400
- Median rent
- $1,774/moState: $1,720
- Homeowners
- 51.5%
- Bachelor's degree or higher
- 33.9%
- Average commute
- 24 min
Is Lakewood a good place to live?
Pros: An average commute of 24 minutes; unemployment of 5.8%.
Cons: Median household income 37% lower than the New Jersey median; home values about the same as the state median; a poverty rate of 24.8%.
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 $466,700, 40% higher than the U.S. median. Renters pay a median of $1,774 per month, which is 41% of household income. Homeowners with a mortgage pay $2,806 a month in housing costs.
Lakewood median household income
The median household income in Lakewood is $65,101 and the income per person is $23,083. 24.8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Lakewood: homes for sale and rent
- Housing units
- 33,812
- Owner-occupied
- 51.5%
- Renter-occupied
- 48.5%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 4.36
Lakewood demographics
- Population
- 139,019
- Median age
- 18.1
- Under 18
- 49.8%
- 65 and older
- 9%
- Households
- 31,407
- Foreign-born
- 8.6%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood ›
Education in Lakewood
33.9% of adults 25 and older in Lakewood have a bachelor's degree or higher (New Jersey: 43.6%), and 15.1% have a graduate or professional degree.
Jobs and commute in Lakewood
- Unemployment rate
- 5.8%State: 6.3%
- Average commute
- 24 minState: 31 min
- Work from home
- 14.2%
- Drive alone
- 63.5%
- Public transit
- 1.5%
- Walk to work
- 3.9%
- Homes with broadband
- 70.7%
Lakewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakewood | 139,019 | $65,101 | $466,700 | $1,774 |
| Leisure Village | 5,751 | $44,542 | $145,800 | $1,700 |
| Leisure Village East | 4,247 | $49,198 | $232,900 | $1,535 |
| Ramtown | 6,203 | $145,663 | $487,500 | — |
| Brick | 75,482 | $106,130 | $410,600 | $1,756 |
| Cedar Glen West | 1,504 | $65,682 | $82,900 | $740 |
| Toms River | 98,143 | $99,547 | $416,700 | $1,726 |
| Pine Lake Park | 9,795 | $91,813 | $414,700 | $1,838 |
| Leisure Knoll | 2,668 | $64,718 | $313,700 | $1,710 |
More for people moving to Lakewood
Lakewood ZIP code ›Weather and climate ›Living in Lakewood: FAQ
What is the median household income in Lakewood, NJ?
The median household income in Lakewood is $65,101, 37% lower than the New Jersey median of $103,556 (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 $466,700, compared with $454,400 in New Jersey.
How much is rent in Lakewood?
The median gross rent in Lakewood is $1,774 per month, about 41% of household income.
Is Lakewood, NJ a good place to live?
Pluses: an average commute of 24 minutes; unemployment of 5.8%. Minuses: median household income 37% lower than the New Jersey median; home values about the same as the state median; a poverty rate of 24.8%.
What is the median age in Lakewood?
The median age in Lakewood is 18.1 years (New Jersey: 40.1).
How long is the commute in Lakewood?
The average commute to work in Lakewood is 24 minutes; 14.2% of workers work from home.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood?
33.9% 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: