Lakewood is a larger medium-sized town located in the state of New Jersey. With a population of 55,158 people and 13 constituent neighborhoods, Lakewood is the 24th largest community in New Jersey.
Lakewood home prices are not only among the most expensive in New Jersey, but Lakewood real estate also consistently ranks among the most expensive in America.
Lakewood is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Lakewood is a town of professionals, sales and office workers, and service providers. There are especially a lot of people living in Lakewood who work in teaching (19.12%), office and administrative support (13.30%), and sales jobs (10.46%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.96% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Lakewood has a lot of people who ride taxis to and from work. In fact, for its size, Lakewood has quite a high level of public transit users. Lakewood’s need for inexpensive transportation options for its citizens is quite high.
In terms of college education, Lakewood is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 26.80% of adults 25 and older in the town have at least a bachelor's degree.
The per capita income in Lakewood in 2010 was $11,893, which is low income relative to New Jersey and the nation. This equates to an annual income of $47,572 for a family of four. However, Lakewood contains both very wealthy and poor people as well. Lakewood also has one of the higher rates of people living in poverty in the nation, with 39.29% of its population below the federal poverty line.
Lakewood is a very ethnically-diverse town. The people who call Lakewood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakewood residents report their race to be White, followed by Black or African-American. Lakewood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.75% of the town’s residents. Important ancestries of people in Lakewood include European, Hungarian, German, and Russian.
In addition, Lakewood has a lot of people living here who were born outside of the US (15.02%).
The most common language spoken in Lakewood is English. Other important languages spoken here include Spanish and Yiddish.