2025 Compare Cities Economy:
Toledo, OH vs Lakewood, OH

Change Cities
Highlights
- Household income in Lakewood, is 38% more than it is in Toledo and is 20% below the National Average.
- Toledo unemployment rate is 6.7%.
- Lakewood unemployment rate is 5.2%.
 Toledo, OHLakewood, OHUnited States
 Unemployment Rate  Unlock5.2%6.0%
 Recent Job Growth  Unlock1.0%1.6%
 Future Job Growth22.1%  Unlock33.5%
 Sales Taxes7.3%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$23,795  Unlock$37,638
 Household Income  Unlock$57,588$69,021
 Family Median Income$53,435  Unlock$85,028
 space
 Est. Households By Income
 Toledo, OHLakewood, OHUnited States
 Income Less Than 15K  Unlock10.8%9.4%
 Income between 15K and 20K5.0%  Unlock3.8%
 Income between 20K and 30K  Unlock9.0%8.1%
 Income between 30K and 40K11.4%  Unlock8.0%
 Income between 40K and 50K  Unlock9.1%7.6%
 Income between 50K and 60K8.2%  Unlock7.2%
 Income between 60K and 75K  Unlock11.3%9.6%
 Income between 75K and 100K11.1%  Unlock12.8%
 Income between 100K and 150K  Unlock13.3%16.3%
 Income between 150K and 200K2.1%  Unlock7.8%
 Income greater than 200K  Unlock5.5%9.5%
 space1
 Population By Occupation
 Toledo, OHLakewood, OHUnited States
 Management, business, finance10.0%  Unlock16.4%
 Engineering, computers, science  Unlock8.5%6.5%
 Community, social services1.9%  Unlock1.8%
 Legal  Unlock1.6%1.2%
 Education, library4.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.5%2.0%
 Healthcare practitioners and technology6.0%  Unlock6.2%
 Healthcare support  Unlock1.7%3.3%
 Firefighters, law enforcement2.0%  Unlock2.1%
 Food preparation, serving  Unlock7.3%5.4%
 Building maintenance4.3%  Unlock3.6%
 Personal care  Unlock2.8%2.6%
 Sales, office, administrative support21.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair7.0%  Unlock8.1%
 Production, transportation, material moving  Unlock7.8%13.1%
Reviews for Toledo    50 Reviews

Over 4 years ago

I am a renter and the people are cold and disrespectful to you when you are disabled and single. They want to tell you want to do.They want you to make friends when the  More

   |    Reply

Perfect for parents with older children. We moved to Toledo, OH from Madison, WI months before the COVID quarantine in 2020. We cross-compared possible living areas in  More

   |    Reply

Toledoly Terrible! People are aggressive and understanding, after you are nice enough to them for way too long. The city looks like the bad parts of Detroit but does  More

   |    Reply

Start Your Review of Toledo

Reviews for Lakewood    7 Reviews

Over 11 years ago

Lakewood, Ohio has the best of everything. Restaurants, small business, walkability, library, theater, schools, century homes, front porches, neighborhoods, parks, Lake  More

   |    Reply

Over 12 years ago

If you get a job in Cleveland, THIS IS THE PLACE TO LIVE! It has something for everybody. I was raised here and never knew anything else at this time. Once I went away  More

   |    Reply

Over 12 years ago

I haven't lived here, but have spent a lot of time in the area, and most certainly will move here when I finally can move back to the Cleveland area in a few years. I  More

   |    Reply

Start Your Review of Lakewood


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.