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Lakewood, Ohio Demographics & Population 2026

During the 2020–2024 ACS period, Lakewood, Ohio had a total population of 50,007, the 18th largest city in Ohio, with a median household income of $68,954, which is 3% lower than the state average. The poverty rate is 10.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Lakewood Quick Facts

Population 50,007
Median Household Income $68,954
Median Home Value $262,200
Poverty Rate 10.3%
Unemployment Rate 5.0%
Median Age 35.5 years
Homeownership Rate 44.4%
Affordability Ratio 3.8x
Bachelor's Degree or Higher 55.3%
High School Graduation Rate 95.7%
Diversity Index 30/100
Population 50,007 18th of 1,264
Median Income $68,954 average
Poverty Rate 10.3% 18% lower than national
Median Home Value $262,200 top 20%

How Lakewood Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population50,22950,007-0.4%
Median household income$65,925$68,954+4.6%
Median home value$241,500$262,200+8.6%

How Lakewood Compares

Economy & Housing

Household Income Distribution

Under $25K 16.0%
$25K-$50K 19.4%
$50K-$100K 32.3%
$100K+ 32.3%
Detailed income brackets
Under $10K
4.6%
$10K-$15K
5.0%
$15K-$20K
2.6%
$20K-$25K
3.7%
$25K-$30K
3.2%
$30K-$35K
4.0%
$35K-$40K
3.2%
$40K-$45K
4.9%
$45K-$50K
4.1%
$50K-$60K
7.4%
$60K-$75K
11.2%
$75K-$100K
13.7%
$100K-$125K
7.9%
$125K-$150K
6.9%
$150K-$200K
7.5%
$200K+
10.1%

Employment

5.0% Unemployment Rate State: 4.8%|National: 5.2%
74.7% Labor Force Participation

Housing Overview

Owner 44.4%
Renter 55.6%
Affordability Index Affordable
3.8x home value to income ratio
Median gross rent $1,070/mo 18.6% of median household income annually

People & Demographics

Diversity Index

30out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Lakewood Rankings in Ohio

#18 Population of 1,264
#546 Median Income of 1,191
#92 Education of 1,264
#196 Home Value of 1,206

Other Cities in Cuyahoga County

CityPopulationMedian IncomePovertyHome Value
Cleveland 366,097 $40,801 30.6% $102,000
Parma 79,870 $69,295 10.1% $170,100
Euclid 48,823 $50,285 16.6% $126,500
Strongsville 45,983 $103,253 5.3% $298,300
Cleveland Heights 44,497 $72,826 15.9% $192,100
Westlake 34,104 $112,200 4.9% $368,200
North Olmsted 31,924 $84,363 8.3% $219,800
North Royalton 30,972 $83,670 5.8% $292,600
Garfield Heights 29,269 $54,593 22.0% $109,900
Shaker Heights 28,922 $104,073 8.4% $303,200

Cities Similar to Lakewood

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Cuyahoga Falls50,909$72,705$183,30037.7%10.5%
Newark50,783$61,670$192,30023.0%17.1%
Middletown51,617$57,102$164,40017.6%17.1%
Cleveland Heights44,497$72,826$192,10058.7%15.9%
Fairfield44,828$77,937$234,50030.7%8.4%

Population Overview

Lakewood is a mid-sized community located in Ohio, within Cuyahoga County. The total population is 50,007. It ranks as the 18th most populous out of 1,264 Census-designated places in Ohio.

Age Demographics

The median age in Lakewood is 35.5 years. This is 11% lower than the state median of 39.7 years. Only 14.3% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Lakewood is $68,954. This is 3% lower than the state median of $71,389. It is also 15% lower than the national median of $80,734. The poverty rate stands at 10.3%. This is 23% lower than the state poverty rate of 13.3%. The unemployment rate is 5.0%. This is 5% higher than the state rate of 4.8%. The median home value is $262,200. Housing costs are 22% higher than the state median of $214,800. The home-value-to-income ratio is 3.8x. 44.4% of occupied housing units are owner-occupied. This homeownership rate is 34% lower than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Lakewood is White (non-Hispanic), making up 83.0% of the population. Black or African American residents account for 5.5%. The Black or African American population (5.5%) is well below the state average of 12.0%.

Education

55.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Lakewood in the top 10% of all cities in the state for educational attainment. This is 76% higher than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.7%. Notably, 19.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lakewood, Ohio is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lakewood, Ohio?

Lakewood, Ohio has a population of 50,007 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lakewood, OH?

The median household income in Lakewood is $68,954, which is 15% lower than the national median of $80,734.

What is the poverty rate in Lakewood, OH?

The poverty rate in Lakewood is 10.3%. This means approximately 5,095 residents live below the federal poverty line.

What is the racial makeup of Lakewood, Ohio?

Lakewood's population is 83.0% White, 5.5% Black, 4.3% Hispanic/Latino, and 3.1% Asian.

What is the median home value in Lakewood, OH?

The median home value in Lakewood is $262,200. The home-value-to-income ratio is 3.8x.

How educated is Lakewood, Ohio?

55.3% of adults (25+) in Lakewood hold a bachelor's degree or higher, and 19.8% hold a graduate or professional degree.