Lakewood, California is a moderately-sized city with a population of 81,054 people. Lakewood has a population density of 8,606 people per square mile. This would be considered well above the national population density level. More than a quarter of the residents of Lakewood identify themselves as Hispanic or Latino, and 19% of the population speak Spanish as their primary or secondary language. Lakewood is known to be family friendly as more than 71% of the population has already tied the knot. It might also be worth noting that 55% of residents also have children under the age of 18.
Living in Lakewood can be a good experience for anyone relocating to the area. Having said that, in the state of California, there are many incredible places to live, so choose wisely! Using the livability score which includes data from categories like amenities, cost of living, weather, housing, you can easily compare the best places to live in Lakewood and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Lakewood to California and the national average.
The livability score in Lakewood is 69 out of 100 and the city is ranked in the 59th percentile of all cities across America. For each of the livability categories, we know that Lakewood ranks very well for amenities (A+) and weather (A+). There is at least one category that you should be aware of in Lakewood. The following was graded with a less than perfect score: cost of living (F) and education (F).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Lakewood has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Lakewood is actually affordable. The median home price for Lakewood homes is $445,800, which is 8.9% higher than the California average. If we take a closer look at the affordability of homes in Lakewood, we’ll see that the home price to income ratio is 5.4, which is 15.6% lower than the California average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Lakewood were 2.9%, and the 5 year appreciation rates came in at 7.6%.