Lakewood, California Income Statistics
Lakewood Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Lakewood Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lakewood | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,372 | $99,161 | $80,455 |
| Median Personal Income | $71,944 | $67,742 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.6% | 4.8% |
| Six-Figure Earners | 18.0% | 17.6% | 13.9% |
| $200k+ Households | 20.4% | 20.5% | 13.2% |
The median household income in Lakewood is about 19% higher than in California. Income has been growing slower in Lakewood (4.8%/yr) than in California (5.6%/yr).
About 18% of adults in Lakewood earn six figures ($100,000 or more) a year, about the same as the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lakewood, California grew by 56.4% from 2009 to 2024, reaching $118,372 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Lakewood
| Metric | Lakewood | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.572 | 0.552 |
| Male Median Income | $78,924 | $75,172 | $69,667 |
| Female Median Income | $70,562 | $66,071 | $56,850 |
| Gender Pay Gap | 10.6% | 12.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lakewood, it is 0.546, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Lakewood, California. Over a 35-year career, a 12% wage gap accumulates to roughly $292,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lakewood, California has narrowed from about 19% to 11% in 2024. Over that period the gap was widest at 24% in 2010, and was narrowest at 11% in 2023. In dollar terms, the gap has narrowed by $2,312 since 2009.
Employment
| Metric | Lakewood | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 6.6% | 5.2% |
| Working from Home | 13.5% | 17.2% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 2,287 people are unemployed in Lakewood, California.
The average commute time in Lakewood is 26 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lakewood, California has fallen from 7.7% to 5.1% in 2024. Over that period the rate peaked at 8.9% in 2013.
Lakewood, CA Wealth Compared With Nearby Cities
How Lakewood, CA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lakewood, CA | 80,361 | $118,372 #2/3 | 4.8%/yr #2/3 | 5.1% #2/3 | 0.546 #1/3 |
| Bellflower, CA | 76,778 | $78,927 | 5.7%/yr | 7.6% | 0.563 |
| Cerritos, CA | 47,821 | $136,324 | 4.5%/yr | 5.1% | 0.555 |
Conclusion
Considering all these factors, Lakewood, California has an overall wealth index grade of B, making it somewhat better than California, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lakewood, California.
How Rich Is Lakewood, California?
Lakewood has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $118,372, about 19% higher than the California average of $99,161.
How has median household income changed in Lakewood, California?
Between 2009 and 2024, the median household income in Lakewood, California rose 56%, from $75,680 to $118,372. Over the same years, income here lagged behind California as a whole: +56% against +64%.
What was the median household income in Lakewood in 2023?
In 2023, the median household income in Lakewood, California was $116,935, up 4% from $112,970 in 2022. The California median that year was $96,718.
What was the median household income in Lakewood in 2020?
In 2020, the median household income in Lakewood, California was $96,991. By 2024 it had risen 22% to $118,372.
How strong is the job market in Lakewood, California?
Unemployment in Lakewood, California is only 5.1%, well below the California rate of 6.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lakewood, California?
The Gini coefficient in Lakewood is 0.546. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lakewood, California?
Since 2009, the income gap between men and women in Lakewood, California has narrowed from about 19% to 11% in 2024. Over that period the gap was widest at 24% in 2010, and was narrowest at 11% in 2023. In dollar terms, the gap has narrowed by $2,312 since 2009.
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