Lakewood is a larger medium-sized town located in the state of New Jersey. With a population of 69,398 people and 20 associated neighborhoods, Lakewood is the 15th largest community in New Jersey. There's nothing like the smell of a brand new house, and in Lakewood, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Lakewood, and putting down their money on brand new construction. Lakewood’s real estate is, on average, some of the newest in the nation. Lakewood does seem to be experiencing an influx of affluent people, because the median household income is $57,576.00.
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.
Also of interest is that Lakewood has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Lakewood telecommute to their jobs. Overall, about 14.78% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
One thing noticeable about Lakewood, although not a huge town, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Lakewood is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Lakewood a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.
In terms of college education, Lakewood is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.25% of adults in Lakewood have a college degree.
The per capita income in Lakewood in 2022 was $17,984, which is low income relative to New Jersey and the nation. This equates to an annual income of $71,936 for a family of four. However, Lakewood contains both very wealthy and poor people as well.
Lakewood is a somewhat 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 13.86% of the town’s residents. Important ancestries of people in Lakewood include Polish, European, Hungarian, Russian, and German.
The most common language spoken in Lakewood is English. Other important languages spoken here include Spanish and German/Yiddish.