Lakewood, New Jersey
Moving to or Living in Lakewood Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Lakewood, New Jersey
Moving to Lakewood In New Jersey ? Find out the best and worst about to live, raise a family or retire in Lakewood, the Pros and Cons of Living in Lakewood.
Explore the life in Lakewood based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.
About Lakewood, New Jersey
Is Lakewood, New Jersey a good place to live?
Lakewood is a city in New Jersey state in USA with a population of 55039 residents..
The poverty rate of Lakewood is 29.6%, which is 111% higher than national average.
The typical household in Lakewood earns $50139 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 16 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 49.9% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Lakewood, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lakewood remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lakewood, only 34% of adults have a bachelor's degree and 27% have some college but no degree.
Cost of living in Lakewood is 136, which is 36% higher than national average. Median home value in Lakewood is $497300 , which is 116% higher than national average. While median income in Lakewood remained $50139, which is 26% lower than national average.
A high school education is a basic prerequisite for most jobs, and in Lakewood, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lakewood remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lakewood, only 34% of adults have a bachelor's degree and 27% have some college but no degree.
Cost of living in Lakewood is 136, which is 36% higher than national average. Median home value in Lakewood is $497300 , which is 116% higher than national average. While median income in Lakewood remained $50139, which is 26% lower than national average.
Population
55039
Unemployment
6.3%
Poverty
29.6%
Overall Score
7
Median Home
$497300
116%
NAT AVG.
Median Income
$50139
26%
NAT AVG.
Median Rent
$1419
22%
NAT AVG.
Cost Of Living
136
36%
NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 16
People Earning < $10,000
1 in 16
People Earning < $50,000
49.9%
People with <= High School
1 in 2.6
People With Any Degree
1 in 2.7
Pros & Cons Overview
Jobs60%
Housing90%
Affordability20%
Safety100%
Amenities100%
Diversity60%
Education80%
Commute85%
Cost of Living
| Expense | Lakewood | New Jersey | National Avg. |
|---|---|---|---|
| Services | 114 | 107 | 100 |
| Groceries | 108 | 107 | 100 |
| Health | 102 | 100 | 100 |
| Housing | 198 | 160 | 100 |
| Transportation | 107 | 106 | 100 |
| Utilities | 103 | 98 | 100 |
Cost of Living
Gender
| Gender | Lakewood | New Jersey | Country |
|---|---|---|---|
| Female | 48.6% | 51.1% | 50.8% |
| Male | 51.4% | 48.9% | 49.2% |
Gender
Household Income
| Income | Lakewood | New Jersey | Country |
|---|---|---|---|
| Less than $10,000 | 6.2% | 4.7% | 5.8% |
| $10,000 to $14,999 | 3% | 3.1% | 4.1% |
| $15,000 to $24,999 | 14.7% | 6.7% | 8.5% |
| $25,000 to $34,999 | 10.7% | 6.6% | 8.6% |
| $35,000 to $49,999 | 15.3% | 9% | 12.0% |
| $50,000 to $74,999 | 16.1% | 14.5% | 17.2% |
| $75,000 to $99,999 | 8.2% | 12.3% | 12.8% |
| $100,000 to $149,999 | 12.4% | 17.8% | 15.6% |
| $150,000 to $199,999 | 5.2% | 10.4% | 7.1% |
| $200,000 or more | 8.2% | 14.8% | 8.3% |
Education
| Education | Lakewood | New Jersey | Country |
|---|---|---|---|
| < 9th Grade | 5% | 3% | 5.0% |
| 9-12th Grade | 8% | 5% | 7.0% |
| High School or GED | 26% | 27% | 27.0% |
| Other College | 24% | 16% | 20.0% |
| Associate's Degree | 3% | 7% | 9% |
| Bachelor's Degree | 19% | 25% | 20.0% |
| Master's Degree | 12% | 12% | 9.0% |
| Professional Degree | 2% | 3% | 2.0% |
| Doctorate Degree | 1% | 2% | 1.0% |
Household Income
Education
Race / Ethnicity
| Ethnicity | Lakewood | New Jersey | Country |
|---|---|---|---|
| White | 87.7% | 54.7% | 60.1% |
| African American | 0.9% | 12.6% | 12.2% |
| American Indian | 0% | 0.1% | 0.6% |
| Asian | 0.8% | 9.6% | 5.6% |
| Hawaiian | 0% | 0% | 0.2% |
| Other | 0.1% | 0.5% | 0.3% |
| Multiracial | 0.2% | 2.1% | 2.8% |
| Hispanic | 10.2% | 20.4% | 18.2% |