Lakewood, Ohio 

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Economy in Lakewood, Ohio

Lakewood has an unemployment rate of 4.3%. The US average is 5.2%.

Lakewood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is lower than the US average of 38.0%.

Tax Rates for Lakewood
- The Sales Tax Rate for Lakewood is 8.0%. The US average is 6.0%.
- The Income Tax Rate for Lakewood is 5.0%. The US average is 4.6%.

Income and Salaries for Lakewood
- The average income of a Lakewood resident is $28,806 a year. The US average is $28,555 a year.
- The Median household income of a Lakewood resident is $45,098 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYLakewood, OhioUnited States
  Unemployment Rate4.3%5.2%
  Recent Job Growth0.3%1.6%
  Future Job Growth36.2%38.0%
  Sales Taxes8.0%6.0%
  Income Taxes0.04970.046
  Income per Cap.$28,806$28,555
  Household Income$45,098$53,482
  Family Median Income$61,003$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.3%1.3%
  Mining, quarrying, oil and gas extraction0.2%0.6%
  Construction3.8%6.2%
  Manufacturing9.9%10.4%
  Wholesale trade2.7%2.7%
  Retail trade11.8%11.6%
  Transportation and warehousing3.0%4.1%
  Utilities00
  Information2.4%2.1%
  Finance and insurance5.1%4.7%
  Real estate, rental, leasing1.9%1.9%
  Professional, scientific, technical services9.3%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs3.2%4.3%
  Educational services8.3%9.3%
  Health care and social assistance17.1%13.8%
  Arts, entertainment, recreation2.5%2.2%
  Accommodation, food services9.6%7.4%
  Other services5.1%4.9%
  Public administration3.5%4.8%
ECONOMY MAP
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    Reviews for Lakewood    7 Reviews
    Eclectic at it's Best! - 2/12/2014
    Lakewood, Ohio has the best of everything. Restaurants, small business, walkability, library, theater, schools, century homes, front porches, neighborhoods, parks, Lake... Read More

    Start Your Review of Lakewood


    AMAZING! - 9/20/2013
    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... Read More

    Can't Wait to Move Here - 8/26/2013
    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... Read More


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    MAPS OF LAKEWOOD, OHIO
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    ZIP CODES IN LAKEWOOD, OHIO
    44107
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