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Demographics
Population
Median Income
Racial Distributions
Lakewood, Ohio, exhibits a Low Diversity demographic profile with a White Majority comprising 84% of the population as of 2022. The city's median income was $59,860 in 2022. The population of Lakewood was 50,605 in 2022, showing relative stability over the past decade with minor fluctuations.
Throughout the period from 2013 to 2022, Lakewood maintained its status as a Low Diversity community with a strong White Majority. The white population remained stable between 83-84% throughout the decade. The Black population fluctuated between 5-6%. The Hispanic population increased from 3% in 2013 to 5% in 2022. The Asian population doubled from 1% to 2%. The percentage of individuals identifying as two or more races increased from 2% to 3%.
The median income in Lakewood increased from $50,921 in 2013 to $59,860 in 2022, representing an 18% increase over the decade. The population decreased slightly from 51,681 in 2013 to 50,605 in 2022. This stability in population contrasts with the economic growth observed.
Lakewood's demographic composition has remained relatively stable compared to national trends of increasing diversity in urban areas. The steady economic growth aligns with broader national trends of economic recovery and growth following the 2008 recession.
Based on observed trends, Lakewood will likely continue to be categorized as a Low Diversity community with a White Majority in the near future. However, the slow but steady increase in Hispanic, Asian, and multiracial populations suggests a potential transition towards a Transitional Community in the longer term.
If current trends continue, a gradual increase in diversity is expected, with the white population potentially dropping below 80% in the next decade. Continued growth in median income may attract more diverse, middle-class families. A possible shift towards Moderate Diversity may occur if the growth rates of minority populations accelerate.
Lakewood remains a predominantly white community with low diversity. Subtle demographic shifts and steady economic growth suggest a slow transition towards increased diversity. This gradual change, coupled with economic stability, may lead to a more diverse and economically robust community in the future. Significant changes are likely to occur over an extended period rather than in the immediate future.