Lakewood, NJ

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Population

55,135

0.834% growth

Median Age

17.4


Median Household Income

$44,708

9.13% growth

Poverty Rate

37.2%


Number of Employees

15,928

1.07% decline

Median Property Value

$425,700

4.01% growth

About

In 2017, Lakewood, NJ had a population of 55.1k people with a median age of 17.4 and a median household income of $44,708. Between 2016 and 2017 the population of Lakewood, NJ grew from 54,679 to 55,135, a 0.834% increase and its median household income grew from $40,966 to $44,708, a 9.13% increase.

The population of Lakewood, NJ is 80.4% White Alone, 16.2% Hispanic or Latino, and 2.43% Black or African American Alone. N/A% of the people in Lakewood, NJ speak a non-English language, and 89.5% are U.S. citizens.

The largest universities in Lakewood, NJ are Beth Medrash Govoha (1,150 degrees awarded in 2016), Georgian Court University (547 degrees), and Bais Medrash Toras Chesed (9 degrees).

The median property value in Lakewood, NJ is $425,700, and the homeownership rate is 34.2%. Most people in Lakewood, NJ commute by Drove Alone, and the average commute time is 18.1 minutes. The average car ownership in Lakewood, NJ is 2 cars per household.

Economy

The economy of Lakewood, NJ employs 15.9k people. The largest industries in Lakewood, NJ are Educational Services (4,012 people), Health Care & Social Assistance (2,213 people), and Construction (1,509 people), and the highest paying industries are Information ($86,167), Finance & Insurance ($74,125), and Public Administration ($50,000).

Median household income in Lakewood, NJ is $44,708. Males in Lakewood, NJ have an average income that is 1.38 times higher than the average income of females, which is $61,412. The income inequality in Lakewood, NJ (measured using the Gini index) is 0.493, which is higher than than the national average.

Wages

Median Household Income

$44,708

2017 value

± $3,531

9.13%

1 Year Growth

± 10.2%

Households in Lakewood, NJ have a median annual income of $44,708, which is less than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $40,966 in 2016, which represents a 9.13% annual growth.

Look at the chart to see how the median household income in Lakewood, NJ compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

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

$84,632

Average Male Salary

± $1,612

$61,412

Average Female Salary

± $1,170

In 2017, full-time male employees in New Jersey made 1.38 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in New Jersey by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

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

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $79,679 ± $3,060

  2. White

    $67,619 ± $1,158

  3. Native Hawaiian and Other Pacific Islander

    $52,154 ± $45,004

In 2017 the highest paid race/ethnicity of New Jersey workers was Asian. These workers were paid 1.18 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in New Jersey by number of full-time employees.

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Wage Distribution

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

0.493

2017 Wage GINI

0.491

2016 Wage GINI

In 2017, the income inequality in New Jersey was 0.493 according to the GINI calculation of the wage distribution. Income inequality had a 0.437% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for New Jersey was higher than than the national average of 0.479. 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.

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 7154.01

  2. Census Tract 7150

  3. Census Tract 7155

In 2017, the place with the highest Median Household Income (Total) in Lakewood, NJ was Census Tract 7154.01 with a value of $68,542, followed by Census Tract 7150 and Census Tract 7155, with respective values of $57,361 and $45,222.

The following map shows all of the places in Lakewood, NJ colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females < 5

Largest Demographic Living in Poverty

37.2% of the population for whom poverty status is determined in Lakewood, NJ (19.9k out of 53.5k people) live below the poverty line, a number that is higher than the national average of 13.4%. The largest demographic living in poverty are Females < 5, followed by Males < 5 and then Females 6 - 11.

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.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    19,091 ± 982

  2. Hispanic

    2,542 ± 446

  3. Black

    410 ± 184

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

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.

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Occupations

Employment by Occupations

15.9k

2017 Value

± 935

-1.07%

1 Year decline

± 8.56%

From 2016 to 2017, employment in Lakewood, NJ declined at a rate of -1.07%, from 16.1k employees to 15.9k employees.

The most common job groups, by number of people living in Lakewood, NJ, are Education, Training, & Library Occupations (3,239 people), Office & Administrative Support Occupations (2,377 people), and Sales & Related Occupations (1,343 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lakewood, NJ.

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Most Common

The most common jobs held by residents of Lakewood, NJ, by number of employees, are Education, Training, & Library Occupations (3,239 people), Office & Administrative Support Occupations (2,377 people), and Sales & Related Occupations (1,343 people).

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Most Specialized

Compared to other places, Lakewood, NJ has an unusually high number of residents working as Education, Training, & Library Occupations (3.36 times higher than expected), Building & Grounds Cleaning & Maintenance Occupations (1.86 times), and Personal Care & Service Occupations (1.79 times).

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Highest Paid

The highest paid jobs held by residents of Lakewood, NJ, by median earnings, are Law Enforcement Workers Including Supervisors ($85,469), Life, Physical, & Social Science Occupations ($81,719), and Legal Occupations ($77,019).

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Industries

Employment by Industries

15.9k

2017 Value

± 935

-1.07%

1 Year decline

± 8.56%

From 2016 to 2017, employment in Lakewood, NJ declined at a rate of -1.07%, from 16.1k employees to 15.9k employees.

The most common employment sectors for those who live in Lakewood, NJ, are Educational Services (4,012 people), Health Care & Social Assistance (2,213 people), and Construction (1,509 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.

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Most Common

The most common industries in Lakewood, NJ, by number of employees, are Educational Services (4,012 people), Health Care & Social Assistance (2,213 people), and Construction (1,509 people).

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Most Specialized

Compared to other places, Lakewood, NJ has an unusually high number of Educational Services (2.72 times higher than expected), Real Estate & Rental & Leasing (2.03 times), and Administrative & Support & Waste Management Services (1.58 times) industries.

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Highest Paying

The highest paying industries in Lakewood, NJ, by median earnings, are Information ($86,167), Finance & Insurance ($74,125), and Public Administration ($50,000).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from New Jersey to other states, or from other states to New Jersey.

Top Domestic Production in Dollars

  1. $48.1B

  2. $36.5B

  3. $35.3B

In 2015, the top outbound New Jersey product (by dollars) was Pharmaceuticals with $48.1B, followed by Electronics ($36.5B) and Motorized vehicles ($35.3B).

The following chart shows the share of these products in relation to all outbound New Jersey products.

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Domestic Trade Growth

Showing data for New Jersey state.

$467B

2015 Value

$734B

Projected 2045 Value

57.1% growth

In 2015, total outbound New Jersey trade was $467B. This is expected to increase 57.1% to $734B by 2045.

The following chart shows how the domestic outbound New Jersey trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from New Jersey to other states, or from other states to New Jersey.

Most Common Trade Partners

  1. $70.5B

  2. $48.9B

  3. $16.6B

In 2015, the top outbound New Jersey domestic partner for goods and services (by dollars) was New York with $70.5B, followed by Pennsylvania with $48.9B and California and $16.6B.

The following map shows the amount of trade that New Jersey shares with each state (excluding itself).

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Health

88.7% of the population of Lakewood, NJ has health coverage, with 20.7% on employee plans, 54.9% on Medicaid, 3.36% on Medicare, 9.63% on non-group plans, and 0.179% on military or VA plans.

Per capita personal health care spending in the place of Lakewood, NJ was $8,859 in 2014. This is a 4.91% increase from the previous year ($8,444).

Primary care physicians in Lakewood, NJ see 1184 patients per year on average, which represents a 1.11% increase from the previous year (1171 patients). Compare this to dentists who see 1187 patients per year, and mental health providers who see 534 patients per year.

Comparing across all counties in the state, Salem County has the highest prevalence of diabetes (12.1%). Additionally, Cumberland County has the highest prevalence of adult obesity (34.7%)

Patient to Clinician Ratios

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

1,184 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in New Jersey see an average of 1,184 patients per year. This represents a 1.11% increase from the previous year (1,171 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in New Jersey in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

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

$8,859

Total Per Capita Spending on Personal Health Care 

$5,081

Per Enrollee Private Health Insurance Spending on Personal Health Care

$8,049

Per Enrollee Medicaid Spending on Personal Health Care

$12,614

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in New Jersey (including private, Medicare, and Medicaid) grew 4.91%, from $8,444 to $8,859.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

11.3%

Uninsured

20.7%

Employer Coverage

54.9%

Medicaid

3.36%

Medicare

9.63%

Non-Group

0.179%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Lakewood, NJ declined by 7.68% from 12.3% to 11.3%.

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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Health Risks

Data available at the county level.

Most at risk counties

  1. 12.1% prevalence

  2. 11.7% prevalence

  3. 11.7% prevalence

Salem County has the highest prevalence of diabetes in New Jersey, at 12.1%.

The following map shows the prevalence of diabetes in New Jersey by county over multiple years.

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Diversity

Lakewood, NJ is home to a population of 55.1k people, from which 89.5% are citizens. As of 2017, 13.9% of Lakewood, NJ residents were born outside of the country (7.66k people).

The ethnic composition of the population of Lakewood, NJ is composed of 44.3k White Alone residents (80.4%), 8.94k Hispanic or Latino residents (16.2%), 1.34k Black or African American Alone residents (2.43%), 364 Asian Alone residents (0.66%), 158 Two or More Races residents (0.287%), 0 Native Hawaiian & Other Pacific Islander Alone residents (0%), 0 American Indian & Alaska Native Alone residents (0%), and 0 Some Other Race Alone residents (0%).

The most common foreign languages spoken in Lakewood, NJ are N/A.

Age

Age by Nativity

14

Median Native-Born Age

± 0.5

36

Median Foreign-Born Age

± 2

In 2017, the median age of all people in Lakewood, NJ was 17.4. Native-born citizens, with a median age of 14, were generally younger than than foreign-born citizens, with a median age of 36. But people in Lakewood, NJ are getting getting younger. In 2016, the average age of all Lakewood, NJ residents was 18.

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Heritage

Foreign-Born Population

13.9%

2017 Foreign-Born Population

7.66k people

14.4%

2016 Foreign-Born Population

7.89k people

As of 2017, 13.9% of Lakewood, NJ residents (7.66k people) were born outside of the United States, which is higher than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Lakewood, NJ was 14.4%, 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.

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Global Diversity

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

Most Common Origin

  1. India

    251,165 ± 12,131 people

  2. Dominican Republic

    162,243 ± 9,799 people

  3. Mexico

    124,109 ± 8,589 people

In 2017, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 251,165 New Jersey residents, followed by Dominican Republic with 162,243 and Mexico with 124,109.

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Citizenship

89.5%

2017 Citizenship

88.7%

2016 Citizenship

As of 2017, 89.5% of Lakewood, NJ residents were US citizens, which is lower than the national average of 93.1%. In 2016, the percentage of US citizens in Lakewood, NJ was 88.7%, 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.

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Race and Ethnicity

Most Common

  1. White Alone

    44.3k ± 1.32k

  2. Hispanic or Latino

    8.94k ± 1.56k

  3. Black or African American Alone

    1.34k ± 301

In 2017, there were 4.96 times more White Alone residents (44.3k people) in Lakewood, NJ than any other race or ethnicity. There were 8.94k Hispanic or Latino and 1.34k Black or African American Alone residents, the second and third most common racial or ethnic groups.

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

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Non-English Speakers

Most Common Languages

  1. N/A

    N/A speakers (N/A%)

  2. N/A

    N/A speakers (N/A%)

  3. N/A

    N/A speakers (N/A%)

N/A% of Lakewood, NJ citizens are speakers of a non-English language, which is approximately the same as the national average of 21.8%. In N/A, the most common non-English language spoken in Lakewood, NJ was N/A. N/A% of the overall population of Lakewood, NJ are native N/A speakers. N/A% speak N/A and N/A% speak N/A, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Korea

    111 ± 60

  2. Vietnam

    88 ± 67

  3. Gulf War (2001-)

    36 ± 55

Lakewood, NJ has a large population of military personnel who served in Korea, 1.26 times greater than any other conflict.

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Education

In 2016, universities in Lakewood, NJ awarded 1,706 degrees. The student population of Lakewood, NJ is skewed towards men, with 7,295 male students and 1,711 female students.

Most students graduating from Universities in Lakewood, NJ are White (1,510 and 89.6%), followed by Unknown (58 and 3.44%), Black or African American (48 and 2.85%), and Hispanic or Latino (47 and 2.79%).

The largest universities in Lakewood, NJ by number of degrees awarded are Beth Medrash Govoha (1,150 and 67.4%), Georgian Court University (547 and 32.1%), and Bais Medrash Toras Chesed (9 and 0.528%).

The most popular majors in Lakewood, NJ are Talmudic Studies (1,159 and 67.9%), General Psychology (82 and 4.81%), and General Education (78 and 4.57%).

The median tuition costs in Lakewood, NJ are $14,613 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 82 degrees awarded

  2. 29 degrees awarded

  3. 474 degrees awarded

In 2015, the most common concentation for Bachelors Degree recipients in Lakewood, NJ was General Psychology with 82 degrees awarded.

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

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Universities

Largest Universities by degrees awarded

  1. 1,150 degrees awarded

  2. 547 degrees awarded

  3. 9 degrees awarded

$N/A

Median In-State Public

$14,613

Median Private

In 2016, the Lakewood, NJ institution with the largest number of graduating students was Beth Medrash Govoha with 1,150 degrees awarded.

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Student Gender for Common Institutions

1,236

Degrees Awarded to Men

470

Degrees Awarded to Women

In 2016, 1,236 men were awarded degrees from institutions in Lakewood, NJ, which is 2.63 times more than the 470 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Lakewood, NJ by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    1,510 degrees awarded

  2. Unknown

    58 degrees awarded

  3. Black or African American

    48 degrees awarded

In 2016 the majority of degrees awarded at institutions in Lakewood, NJ were to White students. These 1,510 degrees mean that there were 26 times more White students then the next closest race/ethnicity group, Unknown, with 58 degrees awarded.

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Housing & Living

The median property value in Lakewood, NJ was $425,700 in 2017, which is 1.96 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $409,300 to $425,700, a 4.01% increase. The homeownership rate in Lakewood, NJ is 34.2%, which is lower than the national average of 63.9%. People in Lakewood, NJ have an average commute time of 18.1 minutes, and they commute by Drove Alone. Car ownership in Lakewood, NJ is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

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

$44,708

Median Household Income

± $3,531

10.4k

Number of Households

± 680

In 2017, the median household income of the 10.4k households in Lakewood, NJ grew to $44,708 from the previous year's value of $40,966.

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 $60k - $75k range.

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Housing

Property Value

$425,700

2017 Median

± $18,671

$409,300

2016 Median

± $22,719

In 2017, the median property value in Lakewood, NJ grew to to $425,700 from the previous year's value of $409,300.

The following charts display, first, the property values in Lakewood, NJ compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Lakewood, NJ the largest share of households have a property value in the $500k - $750k range.

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Property Taxes

$3k+

Average Range

This chart shows the households in Lakewood, NJ 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.

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Rent vs Own

34.2%

2017 Homeownership

33.2%

2016 Homeownership

In 2017, 34.2% of the housing units in Lakewood, NJ were occupied by their owner. This percentage grew from the previous year's rate of 33.2%.

This percentage of owner-occupation is lower than the national average of 63.9%. This chart shows the ownership percentage in Lakewood, NJ compared it's parent and neighboring geographies.

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Transportation

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, followed by 1 car.

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Commute Time

18.1 minutes

Average Travel Time

Using averages, employees in Lakewood, NJ have a shorter commute time (18.1 minutes) than the normal US worker (25.1 minutes). Additionally, 4.87% 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.

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    55.1%

  2. Carpooled

    17.8%

  3. Worked At Home

    9.95%

In 2017, the most common method of travel for workers in Lakewood, NJ was Drove Alone, followed by those who Carpooled and those who Worked At Home.

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