Lakewood, IN
Population 530 · Indiana
About Lakewood, IN
Lakewood is a small community in Indiana with a population of 530 residents. The median household income is $107,574 per year, which is above the national average. The median age in Lakewood is 48.5 years.
Housing in Lakewood has a median home value of $269,400 and median monthly rent of $0. Of the 221 total housing units, the majority are owner-occupied, with 221 owner-occupied and 0 renter-occupied units.
The unemployment rate in Lakewood is 9.3% and the poverty rate is 0.0%. 47.7% of residents hold a bachelor's degree or higher. The average commute time is 20.2 minutes.
Cost of Living in Lakewood, IN
Compared to national averages, Lakewood has a median household income of $107,574 (43% above the national median of $75,149). Home values average $269,400, which is 10% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Lakewood's income is 55% above the state average of $69,330, and home values are 65% above the state median of $163,409.
Why Live in Lakewood, IN?
Lakewood offers a strong local economy with a median household income of $107,574, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 47.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 20.2 minutes.
Lakewood has a population of 530 with a median age of 48.5 years. Compare Lakewood with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lakewood
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laketon | 532 | $78,750 | $196,700 | Compare |
| Wellsboro | 532 | $148,750 | $118,900 | Compare |
| Burlington | 527 | $69,286 | $134,700 | Compare |
| Lake Village | 533 | $0 | $152,700 | Compare |
| Linden | 526 | $60,714 | $113,300 | Compare |
| Etna Green | 535 | $64,342 | $111,000 | Compare |
| Belleville | 536 | $71,484 | $219,200 | Compare |
| Town of Pines | 524 | $51,944 | $139,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lakewood
What is the population of Lakewood, IN?
The population of Lakewood, IN is 530 according to the latest Census data.
What is the median household income in Lakewood?
The median household income in Lakewood, IN is $107,574 per year.
What is the median home value in Lakewood?
The median home value in Lakewood, IN is $269,400.
What is the average rent in Lakewood?
The median monthly rent in Lakewood, IN is $0.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood, IN is 9.3%.