Gender
In Lakewood, the population consists of 40,109 males (48.66%) and 42,310 females (51.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lakewood, the median income for all workers aged 15 years and older, regardless of work hours, was $51,100 for males and $38,723 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,422 for males and $63,370 for females.
- In Lakewood, the median income for all workers aged 15 years and older, regardless of work hours, was $51,100 for males and $38,723 for females.
- In Lakewood, among full-time, year-round workers aged 15 years and older, males earned a median income of $70,422, while females earned $63,370, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of Lakewood.
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Race
In Lakewood, the population is predominantly White, constituting 46.51% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $112,930.
- In Lakewood, despite the White population being the most populous, it is worth noting that Native Hawaiian and Other Pacific Islander households actually reports the highest median household income, with a median income of $250,001. This reveals that, while Whites may be the most numerous in Lakewood, Native Hawaiian and Other Pacific Islander households experience greater economic prosperity in terms of median household income.
- In Lakewood, the median household income for the households where the householder is White increased by $17,287(18.07%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $95,643 in 2012 and $112,930 in 2022.
- In Lakewood, the median household income for the households where the householder is Black or African American increased by $2,207(2.38%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $92,655 in 2012 and $94,862 in 2022.
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Year by year
Lakewood, CA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lakewood increased by $6,022 (5.77%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 3,930 (from $100,665 to $104,595). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 2,882 (from $101,024 to $98,142).
- It then further increased to $242,688 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4021, it is evident that income distribution in Lakewood, CA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $117,552. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $64,158.
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