Living in Lakewood, Wisconsin
Cost of living, income, home prices, rent and demographics of Lakewood · Census data 2020–2024
Lakewood has 182 residents with a median age of 60.3. The median household income is $48,750 (37% lower than the Wisconsin median), the median home value is $221,900.
Lakewood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakewood at a glance
- Population
- 182
- Median age
- 60.3State: 40.2
- Median household income
- $48,750State: $77,485
- Median home value
- $221,900State: $266,500
- Homeowners
- 94.6%
- Bachelor's degree or higher
- 28.6%
- Average commute
- 15 min
Is Lakewood a good place to live?
Pros: Home values 17% lower than the state median; an average commute of 15 minutes; a poverty rate of 7.1%.
Cons: Median household income 37% lower than the Wisconsin median; unemployment of 6.6%.
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 $221,900, 33% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,375 a month in housing costs.
Lakewood median household income
The median household income in Lakewood is $48,750 and the income per person is $38,764. 7.1% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Lakewood: homes for sale and rent
- Housing units
- 210
- Owner-occupied
- 94.6%
- Renter-occupied
- 5.4%
- Vacant
- 55.7%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 1.96
55.7% of homes are vacant most of the year, a sign that Lakewood has many vacation and second homes.
Lakewood demographics
- Population
- 182
- Median age
- 60.3
- Under 18
- 3.8%
- 65 and older
- 37.9%
- Households
- 93
- Foreign-born
- 1.6%
- Veterans
- 10.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakewood ›
Education in Lakewood
28.6% of adults 25 and older in Lakewood have a bachelor's degree or higher (Wisconsin: 33.4%), and 2.9% have a graduate or professional degree.
Jobs and commute in Lakewood
- Unemployment rate
- 6.6%State: 3.2%
- Average commute
- 15 minState: 22 min
- Work from home
- 7.1%
- Drive alone
- 86.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.7%
Lakewood vs nearby towns
More for people moving to Lakewood
Lakewood ZIP code ›Weather and climate ›Living in Lakewood: FAQ
What is the median household income in Lakewood, WI?
The median household income in Lakewood is $48,750, 37% lower than the Wisconsin median of $77,485 (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 $221,900, compared with $266,500 in Wisconsin.
Is Lakewood, WI a good place to live?
Pluses: home values 17% lower than the state median; an average commute of 15 minutes; a poverty rate of 7.1%. Minuses: median household income 37% lower than the Wisconsin median; unemployment of 6.6%.
What is the median age in Lakewood?
The median age in Lakewood is 60.3 years (Wisconsin: 40.2).
How long is the commute in Lakewood?
The average commute to work in Lakewood is 15 minutes; 7.1% of workers work from home.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood is 6.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakewood?
28.6% 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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