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Apartments For Rent in Lakewood, WA

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Apartments for Rent in Lakewood, WA

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.