Lakewood Village, TX

Census Place

2024 Population

627

US Senator

John Cornyn

Republican Party

US Senator

Ted Cruz

Republican Party

2024 Median Age

53.2

7.69% 1-year increase

2024 Poverty Rate

5.1%

25% 1-year increase

2024 Median Household Income

$152,000

1.44% 1-year decline

2024 Median Property Value

$522,200

5.67% 1-year growth

Population & Diversity

Lakewood Village, TX is home to a population of 627 people, from which 99.5% are citizens.

As of 2024, 7.18% of Lakewood Village, TX residents were born outside of the country (45 people).

In 2024, there were 5.64 times more White (Non-Hispanic) residents (423 people) in Lakewood Village, TX than any other race or ethnicity. There were 75 Two Races Including Other (Hispanic) and 55 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.5%

2024 Citizenship

99.7%

2023 Citizenship

As of 2024, 99.5% of Lakewood Village, TX residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lakewood Village, TX was 99.7%, meaning that the rate of citizenship has been decreasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lakewood Village, TX

White (Non-Hispanic)
423 ± 135
Two Races Including Other (Hispanic)
75 ± 102
Asian (Non-Hispanic)
55 ± 57

21.5%

Hispanic Population

135 people

21.5% of the people in Lakewood Village, TX are hispanic (135 people).

The following chart shows the 8 races represented in Lakewood Village, TX 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 Texas.

Most Common Origin

Mexico
2,408,340 ± 36,549 people
India
354,317 ± 14,528 people
El Salvador
223,512 ± 11,564 people

In 2024, the most common birthplace for the foreign-born residents of Texas was Mexico, the natal country of 2,408,340 Texas residents, followed by India with 354,317 and El Salvador with 223,512.

Foreign-Born Population

7.18%

2024 Foreign-Born Population

45 people

6.12%

2023 Foreign-Born Population

48 people

As of 2024, 7.18% of Lakewood Village, TX residents (45 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 Village, TX was 6.12%, meaning that the rate has been increasing.

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

Military

Veterans

Most Common Service Period

Gulf War (2001-)
14 ± 20
Vietnam
14 ± 27
Gulf War (1990s)
4 ± 16

Lakewood Village, TX has a large population of military personnel who served in Gulf War (2001-), 1 times greater than any other conflict.

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

Economy

The economy of Lakewood Village, TX employs 362 people. In 2024, the largest industries in Lakewood Village, TX were Manufacturing (67 people), Retail Trade (47 people), and Finance & Insurance (42 people), and the highest paying industries were Transportation & Warehousing ($241,071), Transportation & Warehousing, & Utilities ($241,071), and Professional, Scientific, & Technical Services ($135,625).

Employment

Occupations

362

2024 Value

± 114

−17.5%

1 Year decline

± 51%

From 2023 to 2024, employment in Lakewood Village, TX declined at a rate of −17.5%, from 439 employees to 362 employees.

The most common job groups, by number of people living in Lakewood Village, TX, are Management Occupations (81 people), Business & Financial Operations Occupations (48 people), and Office & Administrative Support Occupations (47 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lakewood Village, TX.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Texas (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

362

2024 Value

± 114

−17.5%

1 Year decline

± 51%

From 2023 to 2024, employment in Lakewood Village, TX declined at a rate of −17.5%, from 439 employees to 362 employees.

The most common employment sectors for those who live in Lakewood Village, TX, are Manufacturing (67 people), Retail Trade (47 people), and Finance & Insurance (42 people). This chart shows the share breakdown of the primary industries for residents of Lakewood Village, TX, though some of these residents may live in Lakewood Village, TX and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$60,952

Median earning men ± $15,404

$73,250

Median earning women ± $24,226

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($157,500), Construction ($128,333), and Public Administration ($86,154).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($106,250), Manufacturing ($103,214), and Finance & Insurance, & Real Estate & Rental & Leasing ($99,375).

Housing & Living

The median property value in Lakewood Village, TX was $522,200 in 2024, which is 1.57 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $494,200 to $522,200, a 5.67% increase. The homeownership rate in Lakewood Village, TX is 97.9%, which is higher than the national average of 65.2%.

People in Lakewood Village, TX have an average commute time of 33.3 minutes, and they drove alone to work. Car ownership in Lakewood Village, TX is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$522,200

Median Property Value 2024

±$141,243

$237

Median Property Taxes

±$71

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 Village, TX the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

97.9%

Homeownership

2024

71%

Homeowners with Mortgage

2024

In 2024, 97.9% of the housing units in Lakewood Village, TX were occupied by their owner. This percentage grew from the previous year's rate of 97.9%.

This chart shows the percentage of owner in Lakewood Village, TX 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.

$152,000

Median Household Income

± $30,999

242

Number of Households

± 70

In 2024, the median household income of the 242 households in Lakewood Village, TX declined from $152,000 from the previous year's value of $154,219.

The following chart displays the households in Lakewood Village, TX 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 Village, TX is from Texas.

0.475

2024 Wage GINI in Texas

0.475

2023 Wage GINI in Texas

In 2024, the income inequality in Texas was 0.475 according to the GINI calculation of the wage distribution. Income inequality had a 0.0391% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Texas was higher than than the national average of 0.474. In other words, wages are distributed less evenly in Texas in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (69.7%)
Worked At Home (26.6%)
Carpooled (2.29%)

In 2024, 69.7% of workers in Lakewood Village, TX drove alone to work, followed by those who worked at home (26.6%) and those who carpooled to work (2.29%).

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

33.3 minutes

Average Travel Time

Using averages, employees in Lakewood Village, TX have a longer commute time (33.3 minutes) than the normal US worker (26.4 minutes). Additionally, 1.56% of the workforce in Lakewood Village, TX have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

5.1% of the population for whom poverty status is determined in Lakewood Village, TX (32 out of 627 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 18 - 24, followed by Males 35 - 44 and then Females 5.

The most common racial or ethnic group living below the poverty line in Lakewood Village, TX is White, followed by Two Or More and Hispanic.

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

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

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

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