Cost of Living in Lakewood, WA
Population: 63,034 • 2026 Data
$70,524
Median Household Income
-9% vs national
$1,460
Median Monthly Rent
+8% vs national
$420,500
Median Home Value
+24% vs national
5.1%
Unemployment Rate
Housing in Lakewood
The median home value in Lakewood, WA is $420,500. Monthly rent for a typical unit averages $1,460, while total monthly housing costs (including utilities and insurance) average $1,471.
Rent-to-income ratio: 24.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lakewood, WA is $70,524. The unemployment rate stands at 5.1%, with a labor force of 31,744 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.