Lakewood Club, MI
Population 1,315 · Michigan
About Lakewood Club, MI
Lakewood Club is a small town located in Michigan with a population of 1,315 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,277 per year, which is 10% below the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakewood Club features a median home value of $144,900, which is 41% below the national median of $244,900. This makes Lakewood Club one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,353, 16% above the national average of $1,163/month. Of the 537 total housing units, 90% are owner-occupied (443 units) and 10% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood Club shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.7%, above the national average of 12.4%. Workers in Lakewood Club have an average one-way commute time of 24.7 minutes.
Education & Demographics
11.5% of Lakewood Club residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.8% White, 1.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Lakewood Club, MI
Compared to national averages, Lakewood Club has a median household income of $67,277 (10% below the national median of $75,149). Home values average $144,900, which is 41% below the national median. Monthly rent at $1,353 is 16% above the US average of $1,163. Within Michigan, Lakewood Club's income is 2% above the state average of $66,017, and home values are 21% below the state median of $183,391.
Why Live in Lakewood Club, MI?
Lakewood Club offers affordable housing with a median home value of $144,900, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.5%, and short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($67,277) that falls below the national average. However, Lakewood Club’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakewood Club has a population of 1,315 with a median age of 38.8 years. Compare Lakewood Club with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lakewood Club
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rapid City | 1,315 | $65,438 | $212,500 | Compare |
| Three Oaks | 1,322 | $60,500 | $185,100 | Compare |
| Hemlock | 1,323 | $92,031 | $170,500 | Compare |
| New Buffalo | 1,306 | $64,524 | $342,700 | Compare |
| Reese | 1,303 | $83,125 | $174,600 | Compare |
| Ovid | 1,331 | $49,094 | $92,000 | Compare |
| Bellevue | 1,333 | $63,095 | $110,600 | Compare |
| White Cloud | 1,297 | $55,417 | $150,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakewood Club With Other Cities
Frequently Asked Questions about Lakewood Club
What is the population of Lakewood Club, MI?
The population of Lakewood Club, MI is 1,315 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lakewood Club?
The median household income in Lakewood Club, MI is $67,277 per year, which is 10% below the national median of $75,149.
What is the median home value in Lakewood Club?
The median home value in Lakewood Club, MI is $144,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood Club?
The median monthly rent in Lakewood Club, MI is $1,353, which is 16% above the national average of $1,163/month.
What is the unemployment rate in Lakewood Club?
The unemployment rate in Lakewood Club, MI is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakewood Club, MI a good place to live?
Lakewood Club offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,315 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Lakewood Club, MI?
11.5% of residents in Lakewood Club 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 Club?
Key cost-of-living indicators for Lakewood Club, MI: median home value is $144,900 (41% below national), median rent is $1,353/month, and median household income is $67,277. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood Club?
The poverty rate in Lakewood Club, MI is 13.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lakewood Club, MI?
Lakewood Club's population is 7.8% White, 1.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.1% two or more races. 0.2% of residents are foreign-born.