Lakewood, OH Local Data & Statistics

State: OH

Total population: 50,007 Household income: $68,954 Rent: $1,070

Overview

Total population

50,007

Rent

$1,070

Year built

1938

Household income

$68,954

Per capita income

$52,111

Poverty rate

10.3%

Unemployment rate

2.5%

Household size

1.9 persons

Rent over 30% of income

35.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Ohio

Total population

50,007

Adults over 25

38,306

Total households

26,876

Household size

1.9 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$68,954

Per capita income

$52,111

Poverty rate

10.3%

Unemployment rate

2.5%

Rent over 30% of income

35.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,070

Year built

1938

Households that rent

55.6%

Households that own

44.4%

Rooms per home (all homes)

5.1

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

84.3%

Black

5.6%

Asian

3.1%

Two or more races

6.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

4.3%

Not Hispanic or Latino

95.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

78.8%

Commute time to work

23 mins

Work from home

21.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

19.3%

High school graduate or GED

17.8%

Some college or associate degree

7.6%

Bachelor’s degree or higher

55.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Lakewood, OH with: Ohio United States

Lakewood, OH

Total population50,007

Rent$1,070

Year built1938

Household income$68,954

Per capita income$52,111

Poverty rate10.3%

Unemployment rate2.5%

Ohio State

Total population11,810,293

Rent$1,034

Year built1970

Household income$71,389

Per capita income$40,552

Poverty rate13.3%

Unemployment rate4.3%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityLakewood, OH	StateOhio	CountryUnited States
Total population	50,007	11,810,293	334,922,499
Rent	$1,070	$1,034	$1,413
Year built	1938	1970	1980
Household income	$68,954	$71,389	$80,734
Per capita income	$52,111	$40,552	$44,673
Poverty rate	10.3%	13.3%	12.5%
Unemployment rate	2.5%	4.3%	4%

View the complete comparison of Lakewood, OH, Ohio and United States →

Summary for Lakewood, OH

Lakewood is located in Ohio.

Rent & Income

In Lakewood, the typical monthly rent is $1,070 and the typical household income is $68,954. Rent here is similar to Ohio and lower than the U.S., and household income is similar to Ohio and lower than the U.S. The estimated poverty rate is 10.3%, which is lower than in both Ohio and national.

Housing & Affordability

Renters make up about 55.6% of households, making this a predominantly renter area. Around 35.4% of renters are cost-burdened, indicating a moderate level of rent pressure.

Education & Employment

Educational attainment is very high, with about 55.3% of adults holding a bachelor’s degree or higher. The local unemployment rate is 2.5%, which is lower than both Ohio and the national rate.

Lakewood, OH — Rent vs Household Income

Lakewood, OH — Poverty vs Unemployment

How Lakewood, OH compares in Ohio (18 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$1,070	16 / 18	from lower rent	$728 – $1,295
Household income	$68,954	4 / 18	from higher income	$34,408 – $74,681
Poverty rate	10.3%	3 / 18	from lower poverty	8.3% – 37.3%
Unemployment rate	2.5%	1 / 18	from lower unemployment	2.5% – 6.6%

Rankings are calculated among cities and communities in Ohio with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Lakewood, OH

Rent

Lakewood ranks 16th out of 18 large places in Ohio for rent. Statewide rents range from $728 in Youngstown, OH to $1,295 in Columbus, OH.

Household income

For median household income, Lakewood is ranked 4th out of 18 large areas. Statewide incomes span from $34,408 in Youngstown, OH to $74,681 in Kettering, OH.

Poverty rate

Poverty levels put Lakewood in 3rd place among 18 significant areas. Across Ohio, poverty ranges between 8.3% and 37.3%.

Unemployment rate

For joblessness, Lakewood ranks 1st out of 18 significant areas. Across Ohio, unemployment varies from 2.5% in Lakewood, OH to 6.6% in Toledo, OH.

💰 Rent in Lakewood, OH (with Utilities)

Estimated Monthly Rent: $1,070 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Lakewood, OH

Annual Household Income: $68,954

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Lakewood, OH

Estimated Rate: 10.3%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Lakewood, OH

In Lakewood, OH, households that rent: 14,949 (55.6%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	14,949	55.6%
Owner-Occupied	11,927	44.4%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Lakewood, OH

In Lakewood, OH, cost-burdened renters (households spending over 30% of income on housing): 5,292 (35.4%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	5,292	35.4%
Other renter households	9,657	64.6%
Total renter households	14,949	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Lakewood, OH

Less than High School: 7,399 people (19.3%)

Includes adults who did not complete high school.

High School Graduate or GED: 6,820 people (17.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,903 people (7.6%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 21,184 people (55.3%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 38,306

📊 Unemployment Rate in Lakewood, OH

Estimated Rate: 2.5%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Harrisburg, PA50,092 Covina, CA50,143 Draper, UT50,159 Jeffersonville, IN50,176 Rosemead, CA50,340 Newark, OH50,393 Middletown, OH50,607 Milford city (balance), CT50,749 Enid, OK50,821 Delano, CA50,835

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.