Lakewood, NJ

Census Place

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2023 Population

69,884

1.94% 1-year growth

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2023 Median Age

17.3

1.14% 1-year decrease

2023 Poverty Rate

29.3%

2.65% 1-year decrease

2023 Median Household Income

$57,576

5.02% 1-year growth

2023 Median Property Value

$618,400

2.28% 1-year growth

2023 Employed Population

18,344

0.0709% 1-year growth

About

In 2023, Lakewood, NJ had a population of 69.9k people with a median age of 17.3 and a median household income of $57,576. Between 2022 and 2023 the population of Lakewood, NJ grew from 68,555 to 69,884, a 1.94% increase and its median household income grew from $54,826 to $57,576, a 5.02% increase.

The 5 largest ethnic groups in Lakewood, NJ are White (Non-Hispanic) (82.3%), Other (Hispanic) (5.99%), Two+ (Hispanic) (3.17%), White (Hispanic) (3.05%), and Black or African American (Non-Hispanic) (1.47%).

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

The largest universities in Lakewood, NJ are Beth Medrash Govoha (1,225 degrees awarded in 2022), Georgian Court University (670 degrees), and Yeshiva Gedola Tiferes Yerachmiel (33 degrees).

In 2023, the median property value in Lakewood, NJ was $618,400, and the homeownership rate was 37%.

Most people in Lakewood, NJ drove alone to work, and the average commute time was 21.1 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 69.9k people, from which 95% are citizens. As of 2023, 9.25% of Lakewood, NJ residents were born outside of the country (6.47k people).

In 2023, there were 13.7 times more White (Non-Hispanic) residents (57.5k people) in Lakewood, NJ than any other race or ethnicity. There were 4.18k Other (Hispanic) and 2.22k Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

95%

2023 Citizenship

95.5%

2022 Citizenship

As of 2023, 95% of Lakewood, NJ residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Lakewood, NJ was 95.5%, meaning that the rate of citizenship has been decreasing.

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)
57.5k ± 3.84k
Other (Hispanic)
4.18k ± 1.95k
Two+ (Hispanic)
2.22k ± 1.23k

13.9%

Hispanic Population

9.69k people

13.9% of the people in Lakewood, NJ are hispanic (9.69k people).

The following chart shows the 7 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
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Foreign-Born Population

9.25%

2023 Foreign-Born Population

6.47k people

8.61%

2022 Foreign-Born Population

5.9k people

As of 2023, 9.25% of Lakewood, NJ residents (6.47k people) were born outside of the United States, which is lower than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Lakewood, NJ was 8.61%, meaning that the rate has been increasing.

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
146 ± 141
Gulf War (1990s)
90 ± 83
Gulf War (2001-)
51 ± 67

Lakewood, NJ has a large population of military personnel who served in Vietnam, 1.62 times greater than any other conflict.

Economy

The economy of Lakewood, NJ employs 18.3k people. The largest industries in Lakewood, NJ are Educational Services (4,703 people), Health Care & Social Assistance (2,719 people), and Retail Trade (1,936 people), and the highest paying industries are Information ($82,500), Utilities ($70,966), and Finance & Insurance ($63,563).

Males in New Jersey have an average income that is 1.36 times higher than the average income of females, which is $77,965. The income inequality in New Jersey (measured using the Gini index) is 0.489, which is higher than than the national average.

Employment

Occupations

18.3k

2023 Value

± 1,278

0.0709%

1 Year growth

± 9.83%

From 2022 to 2023, employment in Lakewood, NJ grew at a rate of 0.0709%, from 18.3k employees to 18.3k employees.

The most common job groups, by number of people living in Lakewood, NJ, are Education Instruction, & Library Occupations (3,556 people), Office & Administrative Support Occupations (2,637 people), and Management Occupations (2,244 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 false.

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.

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Industries

Employment by Industries

18.3k

2023 Value

± 1,278

0.0709%

1 Year growth

± 9.83%

From 2022 to 2023, employment in Lakewood, NJ grew at a rate of 0.0709%, from 18.3k employees to 18.3k employees.

The most common employment sectors for those who live in Lakewood, NJ, are Educational Services (4,703 people), Health Care & Social Assistance (2,719 people), and Retail Trade (1,936 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

$46,288

Median earning men ± $5,857

$28,410

Median earning women ± $1,744

The industries with the best median earnings for men in 2023 are Information ($161,875), Finance & Insurance, & Real Estate & Rental & Leasing ($90,580), and Other Services Except Public Administration ($68,239).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($38,036), Other Services Except Public Administration ($37,557), and Transportation & Warehousing, & Utilities ($32,639).

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 2022, universities in Lakewood, NJ awarded 2,069 degrees. The student population of Lakewood, NJ in 2022 is skewed towards men, with 9,320 male students and 1,639 female students.

Most students graduating from Universities in Lakewood, NJ are White (1,822 and 89.4%), followed by Hispanic or Latino (85 and 4.17%), Unknown (57 and 2.8%), and Black or African American (45 and 2.21%).

The largest universities in Lakewood, NJ by number of degrees awarded are Beth Medrash Govoha (1,225 and 59.2%), Georgian Court University (670 and 32.4%), and Yeshiva Gedola Tiferes Yerachmiel (33 and 1.59%).

The most popular majors in Lakewood, NJ are Talmudic Studies (1,374 and 66.4%), Registered Nursing (142 and 6.86%), and General Psychology (60 and 2.9%).

The median tuition cost in Lakewood, NJ for private four year colleges is $9,800.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2022 in Lakewood, NJ, the percentage of applicants admitted was 68.9%, while the percentage of admitted who enrolled was 26.6%. The number of students enrolled in 2022 was 10,959 (85% men and 15% 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 2022 there were 10,959 students enrolled in Lakewood, NJ, 85% men and 15% women.

By race, the largest number of students enrolled was concentrated in White with 9,952 records, of which 10.1% were women and 89.9% men.

Completions

Concentrations

Most Common

General Psychology
60 degrees awarded
Talmudic Studies
510 degrees awarded
Registered Nursing
142 degrees awarded

In 2022, the most common concentation for Bachelors Degree recipients in Lakewood, NJ was General Psychology with 60 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
1,225 degrees awarded
Georgian Court University
670 degrees awarded
Yeshiva Gedola Tiferes Yerachmiel
33 degrees awarded

In 2022, the institution with the largest number of graduating students was Beth Medrash Govoha with 1,225 degrees awarded.

Student Diversity

University

In 2022, 1,531 men were awarded degrees from institutions in Lakewood, NJ, which is 2.85 times more than the 538 female students who received degrees in the same year.

In 2022 the most common race/ethnicity group awarded degrees at institutions was White students. These 1,822 degrees mean that there were 21.4 times more degrees awarded to White students then the next closest race/ethnicity group, Hispanic or Latino, with 85 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 ($11,750) is the sector with the highest median state tuition in 2022.

Private not-for-profit, 2-year ($600) is the sector with the highest median state fee in 2022.

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.

Working Population

Educational Pyramid

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

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

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

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lakewood, NJ was $618,400 in 2023, which is 2.04 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $604,600 to $618,400, a 2.28% increase. The homeownership rate in Lakewood, NJ is 37%, which is approximately the same as the national average of 65%.

People in Lakewood, NJ have an average commute time of 21.1 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.

Median household income in Lakewood, NJ is $57,576. In 2023, the place with the highest median household income in Lakewood, NJ was Census Tract 7154.01 with a value of $98,625, followed by Census Tract 7156 and Census Tract 7153.01, with respective values of $72,636 and $60,736.

Housing

Property

$618,400

Median Property Value 2023

±$36,980

$5,173

Median Property Taxes

±$640

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

37%

Homeownership

2023

61.9%

Homeowners with Mortgage

2023

In 2023, 37% of the housing units in Lakewood, NJ were occupied by their owner. This percentage declined from the previous year's rate of 38.6%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 7154.01
Census Tract 7156
Census Tract 7153.01

In 2023, the place with the highest Median Household Income (Total) in Lakewood, NJ was Census Tract 7154.01 with a value of $98,625, followed by Census Tract 7156 and Census Tract 7153.01, with respective values of $72,636 and $60,736.

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

Household Income

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

$57,576

Median Household Income

± $6,504

14k

Number of Households

± 1,212

In 2023, the median household income of the 14k households in Lakewood, NJ grew to $57,576 from the previous year's value of $54,826.

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.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. 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 2023

Drove Alone (63.1%)
Worked At Home (14.8%)
Carpooled (13.3%)

In 2023, 63.1% of workers in Lakewood, NJ drove alone to work, followed by those who worked at home (14.8%) and those who carpooled to work (13.3%).

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

21.1 minutes

Average Travel Time

Using averages, employees in Lakewood, NJ have a shorter commute time (21.1 minutes) than the normal US worker (26.6 minutes). Additionally, 2.71% 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

29.3% of the population for whom poverty status is determined in Lakewood, NJ (20k out of 68.3k people) live below the poverty line, a number that is higher than the national average of 12.4%. 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 Two Or More.

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

94.7% of the population of Lakewood, NJ has health coverage, with 19.2% on employee plans, 56.6% on Medicaid, 4.04% on Medicare, 14.8% on non-group plans, and 0.085% on military or VA plans.

Primary care physicians in Ocean County, NJ see 2428 patients per year on average, which represents a 1.59% increase from the previous year (2390 patients). Compare this to dentists who see 1681 patients per year, and mental health providers who see 549 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Ocean County, NJ.

2,428 to 1

Patient to Primary Care Physician Ratio in Ocean County, NJ

Primary care physicians in Ocean County, NJ see an average of 2,428 patients per year. This represents a 1.59% increase from the previous year (2,390 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Ocean County, NJ in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 53.4% under 18 years, 21.9% between 18 and 34 years, 19.9% between 35 and 64 years, and 4.77% over 64 years.

By gender, of the total number of insured persons, 52.1% were men and 47.9% were women.

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

Uninsured People

5.28%

Uninsured

19.2%

Employer Coverage

56.6%

Medicaid

4.04%

Medicare

14.8%

Non-Group

0.085%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Lakewood, NJ grew by 4.79% from 5.04% to 5.28%.

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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