Lakewood, IN
Population 530 · Indiana
About Lakewood, IN
Lakewood is a small community located in Indiana with a population of 530 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,574 per year, which is 43% above the national median of $75,149. The median age of 48.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakewood features a median home value of $269,400, which is 10% above the national median of $244,900. This positions Lakewood in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 221 total housing units, 100% are owner-occupied (221 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood shows an unemployment rate of 9.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood have an average one-way commute time of 20.2 minutes.
Education & Demographics
47.7% of Lakewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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 US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Lakewood?
The median household income in Lakewood, IN is $107,574 per year, which is 43% above the national median of $75,149.
What is the median home value in Lakewood?
The median home value in Lakewood, IN is $269,400, which is 10% 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, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood, IN is 9.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakewood, IN a good place to live?
Lakewood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 530 and a median age of 48.5, the city appeals to established professionals and retirees.
How educated is Lakewood, IN?
47.7% of residents in Lakewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakewood?
Key cost-of-living indicators for Lakewood, IN: median home value is $269,400 (10% above national), median rent is $0/month, and median household income is $107,574. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood?
The poverty rate in Lakewood, IN is 0.0%, 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, IN?
Lakewood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.