The citizens of Lakewood are slightly better educated than the national average of 21.84% for all cities and towns, with 22.62% of adults in Lakewood having a bachelor's degree or advanced degree.
The per capita income in Lakewood in 2022 was $40,711, which is middle income relative to Washington, and upper middle income relative to the rest of the US. This equates to an annual income of $162,844 for a family of four. However, Lakewood contains both very wealthy and poor people as well.
Lakewood is an extremely ethnically-diverse city. The people who call Lakewood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakewood residents report their race to be White, followed by Black or African-American. Lakewood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 20.20% of the city’s residents. Important ancestries of people in Lakewood include German, Irish, English, Italian, and French.
Foreign born people are also an important part of Lakewood's cultural character, accounting for 15.29% of the city’s population.
The most common language spoken in Lakewood is English. Other important languages spoken here include Spanish and Korean.
