Lakewood, OH
Population 50,229 · Ohio
About Lakewood, OH
Lakewood is a mid-sized city in Ohio with a population of 50,229 residents. The median household income is $65,925 per year, which is near the national average. The median age in Lakewood is 34.7 years.
Housing in Lakewood has a median home value of $241,500 and median monthly rent of $1,013. Of the 28,973 total housing units, renting is more common than owning, with 11,832 owner-occupied and 14,737 renter-occupied units.
The unemployment rate in Lakewood is 5.2% and the poverty rate is 10.8%. 53.9% of residents hold a bachelor's degree or higher. The average commute time is 23.4 minutes.
How Lakewood Ranks in Ohio
Cost of Living in Lakewood, OH
Compared to national averages, Lakewood has a median household income of $65,925 (12% below the national median of $75,149). Home values average $241,500, which is 1% below the national median. Monthly rent at $1,013 is 13% below the US average of $1,163. Within Ohio, Lakewood's income is 8% below the state average of $71,814, and home values are 38% above the state median of $174,449.
Why Live in Lakewood, OH?
Lakewood offers affordable housing with a median home value of $241,500, below the US average of $244,900, and rent that’s lower than the national average at $1,013/month, and a well-educated community where 53.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.8%, better than the national average, and short commute times averaging just 23.4 minutes.
Potential considerations include median household income ($65,925) that falls below the national average. However, as a mid-sized city, Lakewood provides access to a wide range of amenities and services.
Lakewood has a population of 50,229 with a median age of 34.7 years. Compare Lakewood with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Lakewood
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newark | 50,393 | $58,920 | $174,100 | Compare |
| Middletown | 50,607 | $54,985 | $148,300 | Compare |
| Cuyahoga Falls | 50,864 | $70,645 | $174,700 | Compare |
| Dublin | 49,031 | $155,282 | $514,900 | Compare |
| Euclid | 48,991 | $48,696 | $114,700 | Compare |
| Mansfield | 47,686 | $42,605 | $110,600 | Compare |
| Elyria | 52,833 | $53,204 | $142,800 | Compare |
| Mentor | 47,215 | $89,202 | $229,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
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, OH?
The population of Lakewood, OH is 50,229 according to the latest Census data.
What is the median household income in Lakewood?
The median household income in Lakewood, OH is $65,925 per year.
What is the median home value in Lakewood?
The median home value in Lakewood, OH is $241,500.
What is the average rent in Lakewood?
The median monthly rent in Lakewood, OH is $1,013.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood, OH is 5.2%.