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.
Housing costs in Lakewood are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
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, service providers, and sales and office workers. There are especially a lot of people living in Lakewood who work in teaching (18.79%), office and administrative support (10.93%), and sales jobs (9.59%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.67% 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.
The percentage of people in Lakewood who are college-educated is somewhat higher than the average US community of 21.84%: 26.92% of adults in Lakewood have at least a bachelor's degree.
The per capita income in Lakewood in 2010 was $11,775, which is low income relative to New Jersey and the nation. This equates to an annual income of $47,100 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 38.80% of its population below the federal poverty line.
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 14.89% of the town’s residents. Important ancestries of people in Lakewood include European, Hungarian, German, and Russian.
The most common language spoken in Lakewood is English. Other important languages spoken here include Spanish and Yiddish.