Lakewood, NJ

Census Place

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2024 Population

69,585

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2024 Median Age

17.5

1.16% 1-year increase

2024 Poverty Rate

29.9%

2.08% 1-year increase

2024 Median Household Income

$56,968

1.06% 1-year decline

2024 Median Property Value

$715,500

15.7% 1-year growth

2024 Employed Population

18,434

0.491% 1-year growth

About

None of the households in Lakewood, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

95.5% of the residents in Lakewood, NJ are U.S. citizens.

The largest universities in Lakewood, NJ are Beth Medrash Govoha (1,552 degrees awarded in 2023), Georgian Court University (526 degrees), and Seminary Bnos Chaim (377 degrees).

In 2024, the median property value in Lakewood, NJ was $715,500, and the homeownership rate was 39.1%.

Most people in Lakewood, NJ drove alone to work, and the average commute time was 20.8 minutes. The average car ownership in Lakewood, NJ was 2 cars per household.

United States New Jersey Ocean County, NJ New York-Newark-Jersey City, NY-NJ-PA Monmouth County (Central) PUMA, NJ Ocean County (Lakewood) PUMA, NJ

Population & Diversity

Lakewood, NJ is home to a population of 69.6k people, from which 95.5% are citizens. As of 2024, 8.49% of Lakewood, NJ residents were born outside of the country (5.91k people).

In 2024, there were 12.3 times more White (Non-Hispanic) residents (57.2k people) in Lakewood, NJ than any other race or ethnicity. There were 4.64k Other (Hispanic) and 1.81k White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

95.5%

2024 Citizenship

95%

2023 Citizenship

As of 2024, 95.5% of Lakewood, NJ residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lakewood, NJ was 95%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Lakewood, NJ compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lakewood, NJ

White (Non-Hispanic)
57.2k ± 3.56k
Other (Hispanic)
4.64k ± 2.09k
White (Hispanic)
1.81k ± 717

13.1%

Hispanic Population

9.15k people

13.1% of the people in Lakewood, NJ are hispanic (9.15k people).

The following chart shows the 8 races represented in Lakewood, NJ as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
273,706 ± 12,653 people
Dominican Republic
205,965 ± 11,018 people
Mexico
107,667 ± 8,009 people

In 2023, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,706 New Jersey residents, followed by Dominican Republic with 205,965 and Mexico with 107,667.

Foreign-Born Population

8.49%

2024 Foreign-Born Population

5.91k people

9.25%

2023 Foreign-Born Population

6.47k people

As of 2024, 8.49% of Lakewood, NJ residents (5.91k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lakewood, NJ was 9.25%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Lakewood, NJ compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
102 ± 100
Gulf War (1990s)
96 ± 87
Gulf War (2001-)
45 ± 53

Lakewood, NJ has a large population of military personnel who served in Vietnam, 1.06 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lakewood, NJ.

Economy

The economy of Lakewood, NJ employs 18.4k people. In 2024, the largest industries in Lakewood, NJ were Educational Services (4,686 people), Health Care & Social Assistance (2,875 people), and Retail Trade (1,842 people), and the highest paying industries were Real Estate & Rental & Leasing ($93,229), Information ($80,495), and Finance & Insurance, & Real Estate & Rental & Leasing ($66,582).

Employment

Occupations

18.4k

2024 Value

± 1,291

0.491%

1 Year growth

± 9.83%

From 2023 to 2024, employment in Lakewood, NJ grew at a rate of 0.491%, from 18.3k employees to 18.4k employees.

The most common job groups, by number of people living in Lakewood, NJ, are Education Instruction, & Library Occupations (3,483 people), Office & Administrative Support Occupations (2,810 people), and Management Occupations (2,294 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lakewood, NJ.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for New Jersey.

This chart shows weekly unemployment insurance claims in New Jersey (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

18.4k

2024 Value

± 1,291

0.491%

1 Year growth

± 9.83%

From 2023 to 2024, employment in Lakewood, NJ grew at a rate of 0.491%, from 18.3k employees to 18.4k employees.

The most common employment sectors for those who live in Lakewood, NJ, are Educational Services (4,686 people), Health Care & Social Assistance (2,875 people), and Retail Trade (1,842 people). This chart shows the share breakdown of the primary industries for residents of Lakewood, NJ, though some of these residents may live in Lakewood, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$46,777

Median earning men ± $4,964

$31,367

Median earning women ± $2,943

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($101,153), Information ($100,104), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($77,813).

The industries with the best median earnings for women in 2024 are Information ($80,469), Professional, Scientific, & Management, & Administrative & Waste Management Services ($47,446), and Finance & Insurance, & Real Estate & Rental & Leasing ($42,104).

Employment by Industry Sector

Data is only available at the state level. Showing data for New Jersey.

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

Education

In 2023, universities in Lakewood, NJ awarded 2,597 degrees. The student population of Lakewood, NJ in 2023 is skewed towards men, with 10,015 male students and 1,552 female students.

Most students graduating from Universities in Lakewood, NJ are White (2,329 and 90.5%), Unknown (126 and 4.9%), Hispanic or Latino (59 and 2.29%), and Black or African American (38 and 1.48%).

The largest universities in Lakewood, NJ by number of degrees awarded are Beth Medrash Govoha (1,552 and 59.8%), Georgian Court University (526 and 20.3%), and Seminary Bnos Chaim (377 and 14.5%).

The most popular majors in Lakewood, NJ are Talmudic Studies (1,694 and 65.2%), Judaic Studies (377 and 14.5%), and Registered Nursing (124 and 4.77%).

The median tuition cost in Lakewood, NJ for private four year colleges is $10,000.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2023 in Lakewood, NJ, the percentage of applicants admitted was 66.1%, while the percentage of admitted who enrolled was 25.1%. The number of students enrolled in 2023 was 11,567 (86.6% men and 13.4% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2023 there were 11,567 students enrolled in Lakewood, NJ, 86.6% men and 13.4% women.

By race, the largest number of students enrolled was concentrated in White with 10,685 records, of which 9.63% were women and 90.4% men.

Completions

Concentrations

Most Common

Registered Nursing
124 degrees awarded
General Psychology
47 degrees awarded
Talmudic Studies
540 degrees awarded

In 2023, the most common concentation for Bachelors Degree recipients in Lakewood, NJ was Registered Nursing with 124 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Lakewood, NJ according to their major.

Universities

Gender

Race

Largest Universities by degrees awarded

Beth Medrash Govoha
1,552 degrees awarded
Georgian Court University
526 degrees awarded
Seminary Bnos Chaim
377 degrees awarded

In 2023, the institution with the largest number of graduating students was Beth Medrash Govoha with 1,552 degrees awarded.

Student Diversity

University

In 2023, 1,794 men were awarded degrees from institutions in Lakewood, NJ, which is 2.23 times more than the 803 female students who received degrees in the same year.

In 2023, the most common race/ethnicity group awarded degrees at institutions was White students. These 2,329 degrees mean that there were 18.5 times more degrees awarded to White students then the next closest race/ethnicity group, Unknown, with 126 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 2-year ($12,000) is the sector with the highest median state tuition in 2023.

Private not-for-profit, 2-year ($600) is the sector with the highest median state fee in 2023.

Private not-for-profit, 4-year or above ($200) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Lakewood, NJ was $715,500 in 2024, which is 2.15 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $618,400 to $715,500, a 15.7% increase. The homeownership rate in Lakewood, NJ is 39.1%, which is lower than the national average of 65.2%.

People in Lakewood, NJ have an average commute time of 20.8 minutes, and they drove alone to work. Car ownership in Lakewood, NJ is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$715,500

Median Property Value 2024

±$58,334

$5,484

Median Property Taxes

±$613

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lakewood, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lakewood, NJ compared to it's parent and neighbor geographies.

Rent vs Own

39.1%

Homeownership

2024

60.3%

Homeowners with Mortgage

2024

In 2024, 39.1% of the housing units in Lakewood, NJ were occupied by their owner. This percentage grew from the previous year's rate of 37%.

This chart shows the percentage of owner in Lakewood, NJ compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$56,968

Median Household Income

± $7,583

14k

Number of Households

± 1,201

In 2024, the median household income of the 14k households in Lakewood, NJ declined from $56,968 from the previous year's value of $57,576.

The following chart displays the households in Lakewood, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Lakewood, NJ is from New Jersey.

0.486

2023 Wage GINI in New Jersey

0.489

2022 Wage GINI in New Jersey

In 2023, the income inequality in New Jersey was 0.486 according to the GINI calculation of the wage distribution. Income inequality had a 0.709% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.476. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (62.1%)
Worked At Home (16.1%)
Carpooled (13.2%)

In 2024, 62.1% of workers in Lakewood, NJ drove alone to work, followed by those who worked at home (16.1%) and those who carpooled to work (13.2%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

20.8 minutes

Average Travel Time

Using averages, employees in Lakewood, NJ have a shorter commute time (20.8 minutes) than the normal US worker (26.4 minutes). Additionally, 3.75% of the workforce in Lakewood, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lakewood, NJ compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lakewood, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lakewood, NJ have 2 cars.

Poverty

Poverty & Diversity

29.9% of the population for whom poverty status is determined in Lakewood, NJ (20.4k out of 68k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males < 5, followed by Males 6 - 11 and then Females 6 - 11.

The most common racial or ethnic group living below the poverty line in Lakewood, NJ is White, followed by Hispanic and Other.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

95.9% of the population of Lakewood, NJ has health coverage, with 20.3% on employee plans, 56% on Medicaid, 3.49% on Medicare, 15.9% on non-group plans, and 0.114% on military or VA plans.

Primary care physicians in New Jersey see 1,279 patients per year on average, which represents a 0% change from the previous year (1,279 patients). Compare this to dentists who see 1157 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 51.6% were men and 48.4% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 52.7% under 18 years, 23.3% between 18 and 34 years, 19.5% between 35 and 64 years, and 4.48% over 64 years.

By gender, of the total number of insured persons, 51.6% were men and 48.4% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

4.11%

Uninsured

20.3%

Employer Coverage

56%

Medicaid

3.49%

Medicare

15.9%

Non-Group

0.114%

Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Lakewood, NJ declined by 22.1% from 5.28% to 4.11%.

The following chart shows how the percent of uninsured individuals in Lakewood, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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