The town of Lakewood, Washington is home to slightly more than 59,000 people. The city's population, with an average age of just over 38, is middle-of-the-pack compared to other municipalities in Washington, which has an average age of 38. Most Lakewood residents rent, and 44% of residents are homeowners, driven in part by a relatively reasonable average rent that is $208/month less than the state average. Over the course of a year, renters in Lakewood will save around $2,500 compared to the state average.
There are two primary industries in Lakewood: healthcare and retail. Combined, these industries make up 14% of the labor force in the city. Meanwhile, looking at job function, 6% of the city's population works in sales, which ranks as the top profession in the city. Lakewood workers take home an average annual income of about $60,000, about $22,000 less than the Washington average. The city's average income also falls below the national average ($73,345). Lakewood has a large number of residents older than 25 who have an Associate's degree (8%) compared to the national average (5%). In addition, 10% have earned a Bachelor's degree and 4% possess a Master's or Doctoral degree.
Lakewood has an average commute time of about 30 minutes. Many residents (39%) drive their car or truck to work, while public transportation isn't widely used. Walking isn't a common way to get to work.