Lakewood, WA
Population 63,034 · Washington
About Lakewood, WA
Lakewood is a mid-sized city in Washington with a population of 63,034 residents. The median household income is $70,524 per year, which is above the national average. The median age in Lakewood is 36.3 years.
Housing in Lakewood has a median home value of $420,500 and median monthly rent of $1,460. Of the 28,010 total housing units, renting is more common than owning, with 11,706 owner-occupied and 14,419 renter-occupied units.
The unemployment rate in Lakewood is 5.5% and the poverty rate is 13.6%. 22.6% of residents hold a bachelor's degree or higher. The average commute time is 28.8 minutes.
How Lakewood Ranks in Washington
Cost of Living in Lakewood, WA
Compared to national averages, Lakewood has a median household income of $70,524 (6% below the national median of $75,149). Home values average $420,500, which is 72% above the national median. Monthly rent at $1,460 is 26% above the US average of $1,163. Within Washington, Lakewood's income is 22% below the state average of $90,795, and home values are 9% below the state median of $460,491.
Why Live in Lakewood, WA?
Potential considerations include median household income ($70,524) that falls below the national average, and a competitive housing market where the typical home costs $420,500. However, as a mid-sized city, Lakewood provides access to a wide range of amenities and services.
Lakewood has a population of 63,034 with a median age of 36.3 years. Compare Lakewood with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Lakewood
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richland | 61,912 | $92,550 | $401,800 | Compare |
| Sammamish | 66,375 | $227,273 | $1,240,300 | Compare |
| Shoreline | 59,280 | $113,336 | $759,400 | Compare |
| South Hill | 68,161 | $109,235 | $493,800 | Compare |
| Lacey | 57,088 | $87,277 | $427,900 | Compare |
| Olympia | 55,583 | $76,930 | $457,900 | Compare |
| Marysville | 71,570 | $100,362 | $521,500 | Compare |
| Burien | 51,331 | $90,597 | $609,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
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, WA?
The population of Lakewood, WA is 63,034 according to the latest Census data.
What is the median household income in Lakewood?
The median household income in Lakewood, WA is $70,524 per year.
What is the median home value in Lakewood?
The median home value in Lakewood, WA is $420,500.
What is the average rent in Lakewood?
The median monthly rent in Lakewood, WA is $1,460.
What is the unemployment rate in Lakewood?
The unemployment rate in Lakewood, WA is 5.5%.