Lakewood, Colorado 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 | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,965 | $95,803 | $80,455 |
| Median Personal Income | $65,910 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.4% | 4.8% |
| Six-Figure Earners | 17.4% | 18.1% | 13.9% |
| $200k+ Households | 14.6% | 17.0% | 13.2% |
The median household income in Lakewood is about 4% lower than in Colorado. Income has been growing faster in Lakewood (5.8%/yr) than in Colorado (5.4%/yr).
About 17% of adults in Lakewood earn six figures ($100,000 or more) a year, lower than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lakewood, Colorado grew by 72.1% from 2009 to 2024, reaching $91,965 in 2024. That's an average of about 5.8% per year.
Lakewood has stayed above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2010, at 4.0% higher. The gap has widened from 4.5% in 2009 to 14% in 2024.
Income Distribution in Lakewood
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 31,127 households (45.4% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 15.5% of households in Lakewood had an income under $35,000 and 25.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Lakewood has a larger share of households earning $100,000 to $149,999 (19.5% vs 17.4%) and a smaller share earning $15,000 to $24,999 (4.3% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 2,475 | 3.6% | 5.1% |
| $10,000 to $14,999 | 1,514 | 2.2% | 3.5% |
| $15,000 to $24,999 | 2,946 | 4.3% | 6.4% |
| $25,000 to $34,999 | 3,687 | 5.4% | 6.7% |
| $35,000 to $49,999 | 6,088 | 8.9% | 10.1% |
| $50,000 to $74,999 | 10,893 | 15.9% | 15.5% |
| $75,000 to $99,999 | 9,869 | 14.4% | 12.6% |
| $100,000 to $149,999 | 13,375 | 19.5% | 17.4% |
| $150,000 to $199,999 | 7,725 | 11.3% | 9.5% |
| $200,000 or more | 10,027 | 14.6% | 13.2% |
Shares are of all 68,598 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 23,240 residents (17.4% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 19.0% of residents who have any income.
In 2024, 8.6% of Lakewood residents aged 15 and over reported no personal income, 22.1% had some income but less than $25,000, and 28.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Lakewood has a larger share of residents earning $100,000 or more (17.4% vs 13.9%) and a smaller share with no personal income (8.6% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 11,542 | 8.6% | 12.8% |
| $1 to $9,999 | 11,208 | 8.4% | 11.2% |
| $10,000 to $14,999 | 7,333 | 5.5% | 7.0% |
| $15,000 to $24,999 | 10,965 | 8.2% | 10.5% |
| $25,000 to $34,999 | 11,674 | 8.7% | 9.5% |
| $35,000 to $49,999 | 19,408 | 14.5% | 12.6% |
| $50,000 to $74,999 | 23,274 | 17.4% | 14.3% |
| $75,000 to $99,999 | 14,948 | 11.2% | 8.2% |
| $100,000 or more | 23,240 | 17.4% | 13.9% |
Shares are of the 133,591 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 8.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Lakewood
| Metric | Lakewood | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.524 | 0.552 |
| Male Median Income | $75,672 | $78,863 | $69,667 |
| Female Median Income | $64,130 | $64,818 | $56,850 |
| Gender Pay Gap | 15.3% | 17.8% | 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 0.494, lower than Colorado's 0.524, 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 18% more than women's income in Lakewood, Colorado. Over a 35-year career, a 18% wage gap accumulates to roughly $403,970 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, Colorado has widened from about 10% to 15% in 2024. Over that period the gap was widest at 17% in 2022, and was narrowest at 9% in 2018. In dollar terms, the gap has widened by $6,812 since 2009.
Sharply against the trend: the pay gap in Lakewood widened by 5.0 points while Colorado's narrowed by 3.6 points.
Employment
| Metric | Lakewood | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.6% | 5.2% |
| Working from Home | 23.2% | 21.0% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 3,986 people are unemployed in Lakewood, Colorado.
The average commute time in Lakewood is 23 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lakewood, Colorado has fallen from 8.2% to 4.3% in 2024. Over that period the rate peaked at 9.2% in 2013 and fell as low as 3.5% in 2018.
Lakewood has stayed below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2012, at 0.3 points lower. The gap has held fairly steady over the period.
Lakewood, CO Wealth Compared With Nearby Cities
How Lakewood, CO compares with the 1 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, CO | 154,777 | $91,965 #1/2 | 5.8%/yr #2/2 | 4.3% #1/2 | 0.494 #1/2 |
| Wheat Ridge, CO | 34,150 | $89,776 | 7.6%/yr | 5.4% | 0.501 |
Conclusion
Considering all these factors, Lakewood, Colorado has an overall wealth index grade of B, making it about on par with Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lakewood, Colorado.
How Rich Is Lakewood, Colorado?
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 $91,965, about 4% lower than the Colorado average of $95,803.
How fast is household income rising in Lakewood, Colorado?
Between 2009 and 2024, the median household income in Lakewood, Colorado rose 72%, from $53,440 to $91,965. Over the same years, income here outpaced Colorado as a whole: +72% against +70%.
What was the median household income in Lakewood in 2023?
In 2023, the median household income in Lakewood, Colorado was $88,243, up 4% from $85,202 in 2022. The Colorado median that year was $93,071.
What was the median household income in Lakewood in 2020?
In 2020, the median household income in Lakewood, Colorado was $72,183. By 2024 it had risen 27% to $91,965.
What is the Gini coefficient in Lakewood, Colorado?
The Gini coefficient in Lakewood is 0.494. 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, Colorado?
Since 2009, the income gap between men and women in Lakewood, Colorado has widened from about 10% to 15% in 2024. Over that period the gap was widest at 17% in 2022, and was narrowest at 9% in 2018. In dollar terms, the gap has widened by $6,812 since 2009.
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