Lakewood is a city in Washington state in USA with a population of 60564 residents.. The poverty rate of Lakewood is 14.7%, which is 5% higher than national average. The typical household in Lakewood earns $55723 a year, compared to the national median of $67,500. Nearly 43.3% 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 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lakewood remained 5.5%, which is 17% 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 22% of adults have a bachelor's degree and 38% have some college but no degree.

Cost of living in Lakewood is 115, which is 15% higher than national average. Median home value in Lakewood is $309600 , which is 35% higher than national average. While median income in Lakewood remained $55723, which is 17% lower than national average.