Living in Lakewood, New York
Cost of living, income, home prices, rent and demographics of Lakewood · Census data 2020–2024
Lakewood has 2,957 residents with a median age of 47.9. The median household income is $67,557 (21% lower than the New York median), the median home value is $158,500, the median rent is $1,154/month.
Lakewood at a glance
- Population
- 2,957
- Median age
- 47.9State: 39.8
- Median household income
- $67,557State: $85,974
- Median home value
- $158,500State: $423,800
- Median rent
- $1,154/moState: $1,621
- Homeowners
- 64.4%
- Bachelor's degree or higher
- 39.2%
- Average commute
- 21 min
Is Lakewood a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.6%.
Cons: Median household income 21% lower than the New York median; unemployment of 9.2%.
The weather is best in June to September.
Cost of living in Lakewood
Housing is the biggest part of the cost of living. In Lakewood the median home value is $158,500, 52% lower than the U.S. median. Renters pay a median of $1,154 per month, which is 31.6% of household income. Homeowners with a mortgage pay $1,558 a month in housing costs.
Lakewood median household income
The median household income in Lakewood is $67,557 and the income per person is $46,172. 11.6% of residents live below the poverty line (New York: 14%).
Housing in Lakewood: homes for sale and rent
- Housing units
- 1,767
- Owner-occupied
- 64.4%
- Renter-occupied
- 35.6%
- Vacant
- 22.2%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.08
Lakewood demographics
- Population
- 2,957
- Median age
- 47.9
- Under 18
- 18.9%
- 65 and older
- 23.6%
- Households
- 1,375
- Foreign-born
- 3%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood ›
Education in Lakewood
39.2% of adults 25 and older in Lakewood have a bachelor's degree or higher (New York: 40.2%), and 17% have a graduate or professional degree.
Jobs and commute in Lakewood
- Unemployment rate
- 9.2%State: 6.4%
- Average commute
- 21 minState: 33 min
- Work from home
- 13.3%
- Drive alone
- 80.6%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 90.7%
Lakewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakewood | 2,957 | $67,557 | $158,500 | $1,154 |
| Jamestown West | 2,424 | $54,250 | $146,000 | $892 |
| Celoron | 1,397 | $51,964 | $92,700 | $917 |
| Jamestown | 28,188 | $43,523 | $87,700 | $759 |
| Bemus Point | 191 | $86,250 | $386,400 | $688 |
| Falconer | 2,149 | $60,056 | $98,400 | $745 |
| Sugar Grove | 492 | $71,875 | $141,800 | $925 |
| Panama | 451 | $60,865 | $105,400 | $785 |
| Frewsburg | 1,792 | $75,536 | $142,800 | $824 |
More for people moving to Lakewood
Lakewood ZIP code ›Weather and climate ›Living in Lakewood: FAQ
What is the median household income in Lakewood, NY?
The median household income in Lakewood is $67,557, 21% lower than the New York median of $85,974 (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 $158,500, compared with $423,800 in New York.
How much is rent in Lakewood?
The median gross rent in Lakewood is $1,154 per month, about 31.6% of household income.
Is Lakewood, NY a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.6%. Minuses: median household income 21% lower than the New York median; unemployment of 9.2%.
What is the median age in Lakewood?
The median age in Lakewood is 47.9 years (New York: 39.8).
How long is the commute in Lakewood?
The average commute to work in Lakewood is 21 minutes; 13.3% of workers work from home.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood?
39.2% 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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