Everything You Need to Know About the City of Lakewood Colorado

In 2017, Lakewood, CO had a population of 151k people with a median age of 38.5 and a median household income of $61,058. Between 2016 and 2017 the population of Lakewood, CO grew from 149,793 to 151,411, a 1.08% increase, and its median household income grew from $58,227 to $61,058, a 4.86% increase.

The population of Lakewood, CO is 70% White Alone, 23% Hispanic or Latino, and 2.97% Asian Alone. N/A% of the people in Lakewood, CO speak a non-English language, and 94.8% are U.S. citizens.

The largest universities in Lakewood, CO are Red Rocks Community College (2,829 degrees awarded in 2017), Colorado Christian University (1,062 degrees), and Rocky Mountain College of Art and Design (153 degrees).

The median property value in Lakewood, CO is $300,600, and the homeownership rate is 58.8%. Most people in Lakewood, CO commute by Drove Alone, and the average commute time is 24.5 minutes. The average car ownership in Lakewood, CO is 2 cars per household.


Education in Lakewood

In 2017, universities in Lakewood, CO awarded 4,502 degrees. The student population of Lakewood, CO is skewed towards women, with 6,768 male students and 9,505 female students.

Most students graduating from Universities in Lakewood, CO are White (3,199 and 71.5%), followed by Hispanic or Latino (551 and 12.3%), Unknown (284 and 6.35%), and Two or More Races (175 and 3.91%).

The largest universities in Lakewood, CO by the number of degrees awarded are Red Rocks Community College (2,829 and 62.8%), Colorado Christian University (1,062 and 23.6%), and Rocky Mountain College of Art and Design (153 and 3.4%).

The most popular majors in Lakewood, CO are General Business Administration & Management (388 and 8.62%), Emergency Medical Technician (EMT Paramedic) (238 and 5.29%), and Liberal Arts & Sciences (235 and 5.22%).

The median tuition costs in Lakewood, CO is $21,810 for private four-year colleges, and $3,469 and $14,234 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Lakewood

The economy of Lakewood, CO employs 82.5k people and Lakewood has an unemployment rate of 3.1%. Lakewood has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 44.1%, which is higher than the US average of 33.5%. The largest industries in Lakewood, CO are Retail Trade (9,823 people), Health Care & Social Assistance (9,362 people), and Professional, Scientific, & Technical Services (7,820 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($86,004), Agriculture, Forestry, Fishing & Hunting, & Mining ($63,889), and Utilities ($62,619).

Households in Lakewood, CO have a median annual income of $61,058, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $58,227 in 2016, which represents a 4.86% annual growth.


Tax Rates for Lakewood

– The Sales Tax Rate for Lakewood is 7.5%. The US average is 7.3%.

– The Income Tax Rate for Lakewood is 4.6%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Lakewood

– The average income of a Lakewood resident is $31,689 a year. 

– The Median household income of a Lakewood resident is $56,134 a year.