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Lakewood, South Carolina Demographics & Population 2026

During the 2020–2024 ACS period, Lakewood, South Carolina had a total population of 3,544, the 132nd largest community in South Carolina, with a median household income of $56,500, which is 18% lower than the state average. The poverty rate is 8.2%.

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

Lakewood Quick Facts

Population 3,544
Median Household Income $56,500
Median Home Value $294,200
Poverty Rate 8.2%
Unemployment Rate 7.8%
Median Age 43.0 years
Homeownership Rate 70.8%
Affordability Ratio 5.2x
Bachelor's Degree or Higher 17.0%
High School Graduation Rate 89.4%
Diversity Index 62/100
Population 3,544 132nd of 474
Median Income $56,500 average
Poverty Rate 8.2% 34% lower than national
Median Home Value $294,200 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
Population3,1543,544+12.4%
Median household income$49,255$56,500+14.7%
Median home value$260,900$294,200+12.8%

How Lakewood Compares

Economy & Housing

Household Income Distribution

Under $25K 19.1%
$25K-$50K 26.5%
$50K-$100K 23.7%
$100K+ 30.7%
Detailed income brackets
Under $10K
12.8%
$10K-$15K
2.1%
$15K-$20K
1.4%
$20K-$25K
2.9%
$25K-$30K
6.0%
$30K-$35K
4.4%
$35K-$40K
8.1%
$40K-$45K
8.0%
$45K-$50K
0.0%
$50K-$60K
5.5%
$60K-$75K
16.0%
$75K-$100K
2.3%
$100K-$125K
15.5%
$125K-$150K
5.7%
$150K-$200K
1.7%
$200K+
7.9%

Employment

7.8% Unemployment Rate State: 4.9%|National: 5.2%
63.9% Labor Force Participation

Housing Overview

Owner 70.8%
Renter 29.2%
Affordability Index Expensive
5.2x home value to income ratio
Median gross rent $939/mo 19.9% of median household income annually

People & Demographics

Diversity Index

62out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 55 | National average: 61

Education

Lakewood Rankings in South Carolina

#132 Population of 474
#183 Median Income of 417
#260 Education of 473
#72 Home Value of 414

Other Cities in Sumter County

CityPopulationMedian IncomePovertyHome Value
Sumter 43,053 $55,592 16.7% $199,100
Dalzell 2,946 $47,354 15.3% $157,500
Cherryvale 2,611 $40,428 23.0% $90,500
Privateer 2,472 $49,191 20.5% $121,100
Stateburg 2,027 $66,481 11.2% $206,700
Wedgefield 1,968 $44,410 9.6% $26,500
South Sumter 1,626 $46,406 29.8% $69,900
Cane Savannah 1,551 $131,705 4.6% $265,500
Oakland 1,060 $68,778 22.8% $123,200
East Sumter 943 N/A 19.7% $72,900

Cities Similar to Lakewood

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Wellford3,515$57,338$223,00013.4%16.2%
Andrews3,485$57,247$116,40010.1%27.2%
Arcadia3,426$55,218$116,80018.6%21.3%
Wyboo3,639$59,074$253,00017.5%15.1%
Pendleton3,594$61,901$250,50050.0%21.8%

Population Overview

Lakewood is a small community located in South Carolina, within Sumter County. The total population is 3,544. It ranks as the 132nd most populous out of 474 Census-designated places in South Carolina.

Age Demographics

The median age in Lakewood is 43.0 years. This is 7% higher than the state median of 40.2 years.

Economy, Income & Housing

The median household income in Lakewood is $56,500. This is 18% lower than the state median of $69,324. It is also 30% lower than the national median of $80,734. The poverty rate stands at 8.2%. This is 42% lower than the state poverty rate of 14.1%. The unemployment rate is 7.8%. This is 61% higher than the state rate of 4.9%. The median home value is $294,200. Housing costs are 14% higher than the state median of $259,000. The home-value-to-income ratio is 5.2x. 70.8% of occupied housing units are owner-occupied. This homeownership rate is 1% lower than the state average of 71.9%.

Race & Ethnicity

The largest racial or ethnic group in Lakewood is White (non-Hispanic), making up 48.6% of the population. Black or African American residents account for 35.2%. The Asian population (0.3%) is well below the state average of 1.8%.

Education

17.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 47% lower than the state rate of 32.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.4%.

Data Sources & Methodology

All demographic data for Lakewood, South Carolina 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 South Carolina state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 474 Census-designated places in South Carolina. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

Free data download: Get all South Carolina city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Lakewood, South Carolina?

Lakewood, South Carolina has a population of 3,544 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lakewood, SC?

The median household income in Lakewood is $56,500, which is 30% lower than the national median of $80,734.

What is the poverty rate in Lakewood, SC?

The poverty rate in Lakewood is 8.2%. This means approximately 290 residents live below the federal poverty line.

What is the racial makeup of Lakewood, South Carolina?

Lakewood's population is 48.6% White, 35.2% Black, 0.0% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Lakewood, SC?

The median home value in Lakewood is $294,200. The home-value-to-income ratio is 5.2x.

How educated is Lakewood, South Carolina?

17.0% of adults (25+) in Lakewood hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.