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Apartments For Rent in Lakewood, OH

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Apartments for Rent in Lakewood, OH

Lakewood, a town in Ohio, has a population of approximately 51,000. Young professionals will fit right in, as they make up an above-average percentage of the community. Overall, the city's population, with an average age of just under 38, skews younger than most cities in Ohio. Home ownership is less common than renting in the area, and 44% of residents own their homes. The average rent of $778 per month is roughly equal to the state average.

Lakewood residents have an average commute of about 25 minutes. Many residents (50%) drive their car or truck to work, while public transit isn't used widely. A small percentage of workers (2%) commute on foot, though the number is greater than the national average.

Lakewood residents have a wide range of industries from which to choose, the most common five of which are healthcare, retail, entertainment, scientific, and manufacturing. Together, these industries make up 37% of the city's labor force. Meanwhile, in terms of job function, many of the city's workers are in sales, which ranks as the top profession in the city. Lakewood workers earn an average annual income of just over $65K, roughly the same as the average Ohio resident. However, Lakewood compares less favorably to the national average ($73,345). Lakewood has a large concentration of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 10% have earned a Master's or a Doctoral degree. In addition, 20% possess a Bachelor's degree, which also outpaces the national average.