What is the population of Lakewood city?

Lakewood city has 63,034 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #21 of 639 in Washington.

What is the median household income in Lakewood city?

Median household income in Lakewood city is $70,524 a year, 10.2% below the national figure of $78,538.

How much does it cost to rent or buy in Lakewood city?

Median gross rent is $1,460 a month and the median home value is $420,500, so rent absorbs about 24.8% of median household income.

Is Lakewood city affordable compared with the rest of the US?

Homes cost about 6× the local median income here versus roughly 3.9× nationally, so Lakewood city is less affordable to buy in than the typical US market, and rent takes 24.8% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Washington · Census place 38038

Lakewood, WA population, income and ZIP codes

Quick answer

The population of the city of Lakewood, Washington (Lakewood, WA — Census place “Lakewood city”) is 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. Looking for the Lakewood Washington ZIP code list? 2 ZIP codes serve Lakewood, WA: 98498, 98499.

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

Lakewood ZIP codes (Washington)

Census ZCTAs whose delivery area overlaps Lakewood.

The Lakewood WA ZIP code list below covers 2 ZIP codes. Open any one for its population, income, housing and rent profile.

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

Lakewood city, WA in context

How this area compares with national benchmarks.

Lakewood city is a small city in Washington, with 63,034 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #21 of 639 ranked by population — larger than 96% of them. The median age here is 36.3 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Lakewood city earn a median of $70,524 a year, 10.2% below the national figure of $78,538 and 22% below the $90,592 median for the 393 Washington cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 13.6% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Lakewood city is valued at $420,500, 38.6% above the national figure and 10% below the $468,400 peer median, while median gross rent runs $1,460 a month, 3.8% above the national figure, or roughly $17,520 across a full year. A household on the local median income would put about 24.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 6×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 44.8% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Washington.

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Frequently asked questions

Common questions about this area.

What is the population of Lakewood city?: Lakewood city has 63,034 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #21 of 639 in Washington.
What is the median household income in Lakewood city?: Median household income in Lakewood city is $70,524 a year, 10.2% below the national figure of $78,538.
How much does it cost to rent or buy in Lakewood city?: Median gross rent is $1,460 a month and the median home value is $420,500, so rent absorbs about 24.8% of median household income.
Is Lakewood city affordable compared with the rest of the US?: Homes cost about 6× the local median income here versus roughly 3.9× nationally, so Lakewood city is less affordable to buy in than the typical US market, and rent takes 24.8% of median income against the 30% cost-burden line.
How current is this Lakewood city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.