Lakewood

Population: 63,034
Median household income: $70,524
Median home value: $420,500

Lakewood, a community in Pierce County, Washington, has 63,034 residents. Its median household income of $70,524 runs below the Pierce County figure of $96,632.

Between 2019 and 2023, Lakewood's population grew 4.9% from 60,111 to 63,034, while its median home value rose 56.2% from $269,200 to $420,500.

White (non-Hispanic) residents are the largest group, 44.1% of the population. 74.9% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 63,034
Median age: 36.3 yrs
Median household income: $70,524
Median home value: $420,500
Median gross rent: $1,460
Housing units: 28,010
Homeownership rate: 44.8%
Bachelor's degree or higher: 22.6%
Unemployment rate: 5.5%

Trends

ACS 5-year · 2019–2023

Population

60,11163,034

Median household income

$51,972$70,524

Median home value

$269,200$420,500

Median gross rent

$1,034$1,460

Year	Population	Median household income	Median home value	Median gross rent
2019	60,111	$51,972	$269,200	$1,034
2020	60,564	$55,723	$309,600	$1,095
2021	62,972	$60,534	$331,500	$1,183
2022	63,142	$65,531	$406,500	$1,318
2023	63,034	$70,524	$420,500	$1,460

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.9%

5 to 1714.7%

18 to 249.6%

25 to 3417.9%

35 to 4412.3%

45 to 5410.6%

55 to 6412.4%

65 to 7410.4%

75 and over6.2%

	Count	Share
Under 5	3,705	5.9%
5 to 17	9,297	14.7%
18 to 24	6,022	9.6%
25 to 34	11,269	17.9%
35 to 44	7,778	12.3%
45 to 54	6,658	10.6%
55 to 64	7,827	12.4%
65 to 74	6,566	10.4%
75 and over	3,912	6.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	27,820	44.1%
Black or African American	8,023	12.7%
American Indian & Alaska Native	246	0.4%
Asian	4,568	7.2%
Native Hawaiian & Pacific Islander	2,347	3.7%
Some other race	519	0.8%
Two or more races	6,779	10.8%
Hispanic or Latino (any race)	12,732	20.2%

Educational attainment (age 25+)

No high school diploma12.9%

High school graduate25.4%

Some college or associate's39.1%

Bachelor's degree13.3%

Graduate or professional degree9.3%

	Count	Share
No high school diploma	5,692	12.9%
High school graduate	11,170	25.4%
Some college or associate's	17,193	39.1%
Bachelor's degree	5,845	13.3%
Graduate or professional degree	4,110	9.3%

Commute to work

Mean travel time to work: 29 min

Drove alone74.9%

Carpooled12.1%

Public transit3.1%

Walked1.3%

Bicycle0.7%

Worked from home7.1%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	21,784	74.9%
Carpooled	3,533	12.1%
Public transit	901	3.1%
Walked	385	1.3%
Bicycle	196	0.7%
Worked from home	2,065	7.1%
Other means	215	0.7%

Travel time

	Count	Share
Under 15 min	5,049	18.7%
15 to 29 min	11,691	43.3%
30 to 44 min	5,536	20.5%
45 to 59 min	1,948	7.2%
60+ min	2,790	10.3%

Households

Average household size: 2.36
Poverty rate: 13.6% (8,406 of 61,788)

	Count	Share
Family households	15,117	57.9%
Nonfamily households	11,008	42.1%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	26,125	93.3%
Vacant	1,885	6.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	11,706	44.8%
Renter-occupied	14,419	55.2%

1-unit, detached44.0%

1-unit, attached5.6%

2 to 4 units12.8%

5 to 19 units22.9%

20 or more units10.4%

Mobile home & other4.3%

Units in structure

	Count	Share
1-unit, detached	12,320	44.0%
1-unit, attached	1,565	5.6%
2 to 4 units	3,573	12.8%
5 to 19 units	6,425	22.9%
20 or more units	2,910	10.4%
Mobile home & other	1,217	4.3%

Geography

Place GEOID: 5338038
Type (LSAD): 25
Land area: 17 sq mi
Water area: 1.83 sq mi
Center point: 47.1641, -122.5281