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Lakewood, OH&

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0.56% decline
Median Age
Median Household Income
3.83% growth
Poverty Rate
Number of Employees
2.92% growth
Median Property Value
2.21% growth


The economy of Lakewood, OH employs 29,617 people. The economy of Lakewood, OH is specialized in Professional, Scientific, Tech Services; Healthcare & Social Assistance; and Arts, Entertainment, Recreation, which employ respectively 1.36; 1.22; and 1.21 times more people than what would be expected in a location of this size. The largest industries in Lakewood, OH are Healthcare & Social Assistance (5,048), Retail trade (3,440), and Professional, Scientific, Tech Services (2,876), and the highest paying industries are Management of Companies & Enterprises ($61,667), Finance & Insurance ($49,688), and Utilities ($47,679).

Median household income in Lakewood, OH is $47,145. Males in Lakewood, OH have an average income that is 1.22 times higher than the average income of females, which is $50,480. The income inequality of Lakewood, OH (measured using the Gini index) is 0.451 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Lakewood, OH. In Cuyahoga County, OH the age groups most likely to have health care coverage are 6-17 and 55-64, men and women, respectively. The location has a 1 to 113 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,023. Mahoning County, OH has the highest prevalence of homicides of any county in Ohio.


Clinician to Patient Rates

The closest comparable data for the census place of Lakewood, OH is from the county of Cuyahoga County, OH.

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Lakewood, OH is home to a population of 50,866 people, from which 97.6% are citizens. The ethnic composition of the population of Lakewood, OH is composed of 42,267 White residents (83.1%), 3,462 Black residents (6.81%), 2,475 Hispanic residents (4.87%), 1,744 Two+ residents (3.43%), and 804 Asian residents (1.58%). The most common foreign languages in Lakewood, OH are Other Indo-European (1,314 speakers), Arabic (1,078 speakers), and Spanish (1,002 speakers), but compared to other places, Lakewood, OH has a relative high number of Other Indo-European (1,314 speakers), Hungarian (173 speakers), and Greek (325 speakers).


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In 2015 universities in Lakewood, OH awarded 38 degrees. The student population of Lakewood, OH is skewed towards females, with 1 male students and 37 female students. Most students in Lakewood, OH are White (30 and 78.9%), followed by Black or African American (6 and 15.8%), Two or more races (1 and 2.63%), and Hispanic or Latino (1 and 2.63%). The largest universities in Lakewood, OH by number of graduates are Virginia Marti College of Art and Design (38 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Lakewood, OH are Fashion Merchandising (16 and 42.1%), Commercial & Advertising Art (9 and 23.7%), and Interior Design (7 and 18.4%). The median tuition costs in Lakewood, OH are N/A 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.



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Housing & Living

The median property value in Lakewood, OH is $134,000, which is 0.65 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $131,100 to $134,000, a 2.21% increase. The homeownership rate of Lakewood, OH is 45%, which is lower than the national average of 63.6%. People in Lakewood, OH have an average commute time of 22.5 minutes, and they commute by Drove Alone. Car ownership in Lakewood, OH is approximately the same as the national average, with an average of 2 cars per household.


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