Lakewood is a city in New Jersey state in USA with a population of 55039 residents.. The poverty rate of Lakewood is 29.6%, which is 111% higher than national average. The typical household in Lakewood earns $50139 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 16 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 49.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Lakewood, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lakewood remained 6.3%, which is 34% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lakewood, only 34% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Lakewood is 136, which is 36% higher than national average. Median home value in Lakewood is $497300 , which is 116% higher than national average. While median income in Lakewood remained $50139, which is 26% lower than national average.