Lakewood is a small city in New Jersey with a population of just over 56,000. Families with young children can expect to fit right in, as kids under 5 account for an above-average percentage of the community, though young adults outpace national averages as well. At an average age of just over 22, the city's residents skew younger than every city in New Jersey, ranking as the youngest municipality in the state. Just 34% of residents own their homes in Lakewood, as most rent despite an average rent of $1,403/month, which exceeds the state average by $130 per month.
Education is the most common industry in Lakewood, making up 7% of the population. Lakewood workers take home an average annual income of just over $62K, less than the average New Jersey resident. Lakewood's average income also trails the national average ($73,345). Among residents older than 25 in Lakewood, 6% possess a Bachelor's degree and 4% have a Master's degree or Doctorate.
Lakewood residents have an average commute of about 23 minutes, outperforming the state average of about 34 minutes. Driving is the prevailing way to get to work, chosen by 20% of residents, while public transit is not used much. Walking (2%) isn't a common means of commuting to work, though the number exceeds the national average.
Cost of Living
What You Need to Know
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