Pros and Cons of Living In Lakewood, Ohio. Is Lakewood, OH a Nice Place To Live or Retire?

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Lakewood, Ohio

Moving to Lakewood In Ohio ? Is Lakewood, OH a Nice Place To Live? Pros and Cons of Living in Lakewood, Ohio. Find out the best and worst about to live, raise a family or retire in Lakewood.

Lakewood is a city in Cuyahoga County, Ohio, United States, on the southern shore of Lake Erie. Established in 1889, it is one of Cleveland's historical streetcar suburbs and part of the Cleveland metropolitan area. The population was 50,942 at the 2020 census, making it the third largest city in Cuyahoga County, behind Cleveland and Parma.

DEMOGRAPHICS

Population
50002
Unemployment
5.3%
13% NAT AVG.
Poverty
13%
7% NAT AVG.
Cost Of Living
95
5% NAT AVG.

ECONOMICS

Median Home Cost
$171600
25% NAT AVG.
Median Income
$54487
19% NAT AVG.
Median Rent
$813
30% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 8
Unemployed People
1 in 19
People Earning < $10,000
1 in 16
People Earning < $50,000
44.6%
People With Any Degree
1 in 1.9

ETHNICITY

Ethnicity Lakewood USA
White 83.1% 60.1%
African American 6.3% 12.2%
American Indian 0.1% 0.6%
Asian 2.3% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.6% 2.8%
Hispanic 4.4% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lakewood USA
Less than $10,000 6.1% 5.8%
$10,000 to $14,999 5.2% 4.1%
$15,000 to $24,999 9.8% 8.5%
$25,000 to $34,999 9.9% 8.6%
$35,000 to $49,999 13.6% 12.0%
$50,000 to $74,999 20.3% 17.2%
$75,000 to $99,999 10.8% 12.8%
$100,000 to $149,999 12.9% 15.6%
$150,000 to $199,999 6.4% 7.1%

EDUCATION

Education Lakewood USA
< 9th Grade 3% 5.0%
9-12th Grade 3% 7.0%
High School or GED 19% 27.0%
Other College 21% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 30% 20.0%
Master's Degree 13% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 1% 1.0%
Lakewood is a city in Ohio state in USA with a population of 50002 residents.. The poverty rate of Lakewood is 13%, which is 7% lower than national average. The typical household in Lakewood earns $54487 a year, compared to the national median of $67,500. Nearly 44.6% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Lakewood remained 5.3%, which is 13% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Lakewood is 95, which is 5% lower than national average. In Lakewood, only 47% of adults have a bachelor's degree and 28% have some college but no degree. Median home value in Lakewood is $171600 , which is 25% lower than national average. While median income in Lakewood remained $54487, which is 19% lower than national average.
Lakewood Scorecard

Jobs70%

Housing70%

Affordability80%

Safety80%

Amenities100%

Diversity70%

Education85%

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