Cost of Living in Lakewood, NJ
Population: 69,884 • 2026 Data
$57,576
Median Household Income
-26% vs national
$1,647
Median Monthly Rent
+22% vs national
$618,400
Median Home Value
+82% vs national
6.8%
Unemployment Rate
Housing in Lakewood
The median home value in Lakewood, NJ is $618,400. Monthly rent for a typical unit averages $1,647, while total monthly housing costs (including utilities and insurance) average $1,846.
Rent-to-income ratio: 34.3%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Lakewood, NJ is $57,576. The unemployment rate stands at 6.8%, with a labor force of 19,688 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.