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

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Lakewood, Washington

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

Lakewood is a city in Pierce County, Washington, United States. The population was 63,612 at the 2020 census. It is the second-largest city in the county, behind Tacoma, and is a suburban bedroom community. Lakewood is adjacent to Joint Base Lewis–McChord, a major military installation for the U.S. Army and U.S. Air Force.

DEMOGRAPHICS

Population
60564
Unemployment
5.5%
17% NAT AVG.
Poverty
14.7%
5% NAT AVG.
Cost Of Living
115
15% NAT AVG.

ECONOMICS

Median Home Cost
$309600
35% NAT AVG.
Median Income
$55723
17% NAT AVG.
Median Rent
$1095
6% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
3001
108% NAT. AVG.
61% STATE AVG.
Violent Crime
381
60% NAT. AVG.
111% STATE AVG.
Property Crime
2620
118% NAT. AVG.
56% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 7
Unemployed People
1 in 18
People Earning < $10,000
1 in 14
People Earning < $50,000
43.3%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Lakewood USA
White 48.1% 60.1%
African American 12.5% 12.2%
American Indian 0.9% 0.6%
Asian 7.6% 5.6%
Hawaiian 3% 0.2%
Multiracial 9.3% 2.8%
Hispanic 18.5% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lakewood USA
Less than $10,000 7.2% 5.8%
$10,000 to $14,999 3.2% 4.1%
$15,000 to $24,999 9.1% 8.5%
$25,000 to $34,999 9.1% 8.6%
$35,000 to $49,999 14.7% 12.0%
$50,000 to $74,999 21.6% 17.2%
$75,000 to $99,999 12.5% 12.8%
$100,000 to $149,999 13.8% 15.6%
$150,000 to $199,999 5.2% 7.1%

EDUCATION

Education Lakewood USA
< 9th Grade 4% 5.0%
9-12th Grade 8% 7.0%
High School or GED 28% 27.0%
Other College 26% 20.0%
Associate's Degree 12% 9%
Bachelor's Degree 14% 20.0%
Master's Degree 5% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
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. 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.

Cost of living in Lakewood is 115, which is 15% higher than national average. In Lakewood, only 22% of adults have a bachelor's degree and 38% have some college but no degree. 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.
Lakewood Scorecard

Jobs70%

Housing85%

Affordability40%

Safety30%

Amenities95%

Diversity100%

Education60%

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