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CITY · 2020 ACS

Lakewood

Texas · 635 residents · 0.793 sq mi
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The short version

Lakewood is significantly wealthier than the US average, with a median household income of $148,839. The city has grown rapidly, with population up 86% since 2000. Median home value has more than doubled since 2000, reaching $332,800. With a median age of 44.5, the population is older than the US median of 38.8. Poverty is rare here, at 6.1% of residents. Households here earn about 133% more than the Texas median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 44.5
US median: 38.8
More educated
37% hold a bachelor's degree
US average: 33%
Less affordable
home values up 78%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
635
+86%since 2000
from 342 in 2000
2000 – 2025
Population density
801 / sq mi
+86%since 2000
from 431 / sq mi in 2000
US average: 280
Median age
44.5
+16%since 2000
from 38.3 in 2000
US average: 38.8
Population, 2000 – 2024
2473945406868332000201020202024Lakewood
2024627
2000201020202024
Section 02

Income & economy

Median household income
$148,839
+49%inflation adjusted, since 2000
from $66,667 in 2000
US average: $66,278
2000 – 2024
Per capita income
$61,093
+167%since 2000
from $22,899 in 2000
US average: $35,364
Households earning $100K+
72.7%
+19.2 ptssince 2009
from 53.5% in 2009
US average: 43.9%
Poverty rate
6.1%
+4.5 ptssince 2000
from 1.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services15%
US avg: 6.6%
Retail trade13.1%
US avg: 10%
Information11.8%
US avg: 11.1%
Public administration11.8%
US avg: 4.7%
Wholesale trade5.9%
US avg: 6.7%
Transportation & warehousing4.7%
US avg: 2.5%
Arts, entertainment, food3.4%
US avg: 2%
Finance & insurance2.2%
US avg: 5.5%
Professional, scientific, technical2.2%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$332,800
+78%inflation adjusted, since 2000
from $124,500 in 2000
US average: $265,253
2000 – 2024
Owner-occupied
93.4%
+0.3 ptssince 2000
from 93.2% in 2000
6.6% rent
Afford Score
2.2
+20%since 2000
from 1.9 in 2000
2000 – 2024
RELATED:See current rent listings in Lakewood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93%(318)
Black2.3%(8)
Hispanic / Latino4.1%(14)
Asian0%(0)
Other0%
Diversity Score15.4%(53)
2020
White, non-Hispanic74.6%(474)
Black2%(13)
Hispanic / Latino13.2%(84)
Asian4.7%(30)
Other2.5%(16)
Diversity Score48.5%(308)
Diversity Score
48
+215%since 2000
from 15 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
36.8%
+14.6 ptssince 2000
from 22.2% in 2000
US average: 32.9%
High school or higher
97.2%
+4.5 ptssince 2000
from 92.7% in 2000
US average: 88.5%
Graduate degree
8.6%
−1.2 ptssince 2000
from 9.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.3 min
−12%since 2000
from 38.8 min in 2000
US average: 26.9
Drive alone to work
71.0%
−15.6 ptssince 2009
from 86.7% in 2009
US average: 75.1%
No vehicle available
0.0%
−4.4 ptssince 2009
from 4.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.1%
−8.3 ptssince 2011
from 10.4% in 2011
US average: 5.4%
Labor force participation
68.0%
+2.6 ptssince 2011
from 65.5% in 2011
US average: 63.4%
Management & professional
50.8%
−10.3 ptssince 2009
from 61.0% in 2009
US average: 39.3%
Section 08

People & community

Male
50.6%
−1.1 ptssince 2009
from 51.7% in 2009
Female
49.4%
+1.1 ptssince 2009
from 48.3% in 2009
Foreign born
4.5%
−2.9 ptssince 2009
from 7.4% in 2009
US average: 13.5%
Uninsured
6.1%
−86.3 ptssince 2013
from 92.4% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Lakewood to nearby cities

LAKEWOOD VS
Little Elm
Income$119,219−20%
Home value$420,700+26%
Population62,727+7721%
SEE FULL COMPARISON →
LAKEWOOD VS
The Colony
Income$114,511−23%
Home value$383,900+15%
Population46,196+5660%
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LAKEWOOD VS
Corinth
Income$120,580−19%
Home value$375,600+13%
Population25,297+3054%
SEE FULL COMPARISON →
LAKEWOOD VS
Paloma Creek South
Income$121,747−18%
Home value$364,900+10%
Population8,860+1005%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakewood, Texas?

Lakewood, Texas has about 635 residents according to the 2020 American Community Survey.

What is the median household income in Lakewood, Texas?

The typical household in Lakewood, Texas earns about $148,839 a year. Half of households make more than that, and half make less.

Is Lakewood, Texas expensive?

In Lakewood, Texas, the median home is worth about $332,800.

How educated are people in Lakewood, Texas?

About 36.8% of adults age 25 and over in Lakewood, Texas hold a bachelor's degree or higher.

What is the poverty rate in Lakewood, Texas?

About 6.1% of people in Lakewood, Texas live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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