Lakewood, CA
Population 80,510 · California
About Lakewood, CA
Lakewood is a mid-sized city located in California with a population of 80,510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $116,794 per year, which is 55% above the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakewood features a median home value of $774,100, which is 216% above the national median of $244,900. This places Lakewood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,324, 100% above the national average of $1,163/month. Of the 26,709 total housing units, 72% are owner-occupied (18,812 units) and 28% are renter-occupied (7,306 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood have an average one-way commute time of 29 minutes.
Education & Demographics
32.6% of Lakewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 28.3% White, 3.0% Hispanic or Latino, 0.7% Black or African American, and 6.8% Asian residents, with 21.0% of the population being foreign-born.
Cost of Living in Lakewood, CA
Compared to national averages, Lakewood has a median household income of $116,794 (55% above the national median of $75,149). Home values average $774,100, which is 216% above the national median. Monthly rent at $2,324 is 100% above the US average of $1,163. Within California, Lakewood's income is 19% above the state average of $97,829, and home values are 18% above the state median of $653,874.
Why Live in Lakewood, CA?
Lakewood offers a strong local economy with a median household income of $116,794, well above the national average, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $774,100. However, as a mid-sized city, Lakewood provides access to a wide range of amenities and services.
Lakewood has a population of 80,510 with a median age of 39 years. Compare Lakewood with other cities to see how it stacks up, or explore all cities in California.
Similar Cities Near Lakewood
Cities in California with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rancho Cordova | 80,656 | $89,120 | $451,400 | Compare |
| Alhambra | 81,483 | $85,189 | $812,700 | Compare |
| Perris | 79,349 | $82,523 | $431,900 | Compare |
| Tustin | 79,035 | $108,435 | $890,600 | Compare |
| Upland | 78,940 | $101,407 | $688,800 | Compare |
| Folsom | 82,140 | $139,263 | $702,200 | Compare |
| Napa | 78,816 | $102,231 | $824,500 | Compare |
| Mountain View | 82,363 | $179,917 | $1,927,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in California
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakewood With Other Cities
Frequently Asked Questions about Lakewood
What is the population of Lakewood, CA?
The population of Lakewood, CA is 80,510 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in California.
What is the median household income in Lakewood?
The median household income in Lakewood, CA is $116,794 per year, which is 55% above the national median of $75,149.
What is the median home value in Lakewood?
The median home value in Lakewood, CA is $774,100, which is 216% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood?
The median monthly rent in Lakewood, CA is $2,324, which is 100% above the national average of $1,163/month.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood, CA is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakewood, CA a good place to live?
Lakewood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 80,510 and a median age of 39, the city appeals to a broad range of residents.
How educated is Lakewood, CA?
32.6% of residents in Lakewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakewood?
Key cost-of-living indicators for Lakewood, CA: median home value is $774,100 (216% above national), median rent is $2,324/month, and median household income is $116,794. The home-value-to-income ratio is 6.6x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Lakewood?
The poverty rate in Lakewood, CA is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakewood, CA?
Lakewood's population is 28.3% White, 3.0% Hispanic or Latino, 0.7% Black or African American, 6.8% Asian, and 7.8% two or more races. 21.0% of residents are foreign-born.