Lakewood, WI
Population 297 · Wisconsin
About Lakewood, WI
Lakewood is a small community located in Wisconsin with a population of 297 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,156 per year, which is 13% below the national median of $75,149. The median age of 55.3 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 $187,500, which is 23% below 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 247 total housing units, 89% are owner-occupied (120 units) and 11% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood shows an unemployment rate of 11.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood have an average one-way commute time of 13.3 minutes, one of the shorter commutes in the region.
Education & Demographics
26.1% of Lakewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.8% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Lakewood, WI
Compared to national averages, Lakewood has a median household income of $65,156 (13% below the national median of $75,149). Home values average $187,500, which is 23% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wisconsin, Lakewood's income is 10% below the state average of $72,579, and home values are 9% below the state median of $205,802.
Why Live in Lakewood, WI?
Lakewood offers affordable housing with a median home value of $187,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 12.2%, better than the national average. Additionally, the city features short commute times averaging just 13.3 minutes.
Potential considerations include median household income ($65,156) that falls below the national average. However, Lakewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakewood has a population of 297 with a median age of 55.3 years. Compare Lakewood with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Lakewood
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Humbird | 297 | $56,250 | $89,400 | Compare |
| Arpin | 298 | $54,219 | $87,000 | Compare |
| Dyckesville | 300 | $96,375 | $396,300 | Compare |
| Junction City | 301 | $62,500 | $122,400 | Compare |
| New Munster | 292 | $83,686 | $329,300 | Compare |
| Briggsville | 303 | $72,500 | $242,900 | Compare |
| Mindoro | 303 | $62,000 | $218,500 | Compare |
| Genoa | 290 | $65,000 | $170,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
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, WI?
The population of Lakewood, WI is 297 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Lakewood?
The median household income in Lakewood, WI is $65,156 per year, which is 13% below the national median of $75,149.
What is the median home value in Lakewood?
The median home value in Lakewood, WI is $187,500, which is 23% below 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, WI 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, WI is 11.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakewood, WI a good place to live?
Lakewood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 297 and a median age of 55.3, the city appeals to established professionals and retirees.
How educated is Lakewood, WI?
26.1% of residents in Lakewood 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?
Key cost-of-living indicators for Lakewood, WI: median home value is $187,500 (23% below national), median rent is $0/month, and median household income is $65,156. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood?
The poverty rate in Lakewood, WI is 12.2%, 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, WI?
Lakewood's population is 12.8% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.