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ZipNumbers

Washington · Census place 38038

Lakewood city, WA

Quick answer

Lakewood city has 63,034 residents, ranking #21 of 639 places in Washington. Median household income is $70,524, the median home is worth $420,500 and median gross rent runs $1,460 a month.

Population
63,034Lakewood city residents
Median household income
$70,524Past 12 months, inflation adjusted
Median home value
$420,500Owner-occupied units
Median gross rent
$1,460Rent plus utilities, monthly
Median age
36.3 yrsAll residents
Homeownership rate
44.8%Owner-occupied households

What the numbers mean in Lakewood city

Housing cost measured against local earnings.

A household earning the Lakewood city median would spend about 24.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 6.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.6% of residents and 44.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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