Ocean County · New Jersey · Northeast · 70k residents
Lakewood, NJ: economy, jobs & business costs
The site-selection read on Lakewood: labor costs, talent, corporate tax, energy, and business activity, with the New Jersey median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,131/wk. New Jersey's corporate income tax rate is 11.5%. Commercial electricity averages 14.6¢/kWh.
Compare Lakewood side by side
Avg. weekly wage
$1,131/wk
Corporate income tax
11.5%
Bachelor's degree or higher
31.9%
Commercial electricity
14.6¢/kWh
Economic momentum
How fast Lakewood's economy is moving, ranked against the US cities we track.
59/100
Steady
Ranks Lakewood's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $715,500 |
| Price per sq. ft. | $300 |
| Property tax rate | 2.2% |
| 1-bedroom rent | $1,060/mo |
| 2-bedroom rent | $1,670/mo |
| State & local income tax | 2.26% |
| Sales tax | 6.6% |
| Corporate income tax | 11.5% |
| Avg. weekly wage | $1,131/wk |
| Bachelor's degree or higher | 31.9% |
| Commercial electricity | 14.6¢/kWh |
| Businesses per 1k residents | 24.4/1k |
| Wage: Software developer | $166,830 |
| Wage: Registered nurse | $119,720 |
| Wage: General manager | $157,000 |
| Wage: Customer service | $49,590 |
| Wage: Warehouse worker | $38,600 |
| Wage: Heavy truck driver | $65,040 |
| Wage: Electrician | $79,020 |
| Wage: Retail salesperson | $38,280 |
| Cost of living index | 128 |
| Groceries index | 106 |
| Utilities | $180/mo |
| Transit pass | $100/mo |
| Gas price | $3.25/gal |
| Healthcare index | 103 |
| Childcare (per child) | $1,350/mo |
| Median household income | $56,968 |
| Unemployment rate | 4.5% |
| Population | 70k |
| Crime index | 25/100 |
| School rating | 8.3/10 |
| Walkability | 34/100 |
| Disaster risk | 96/100 |
| Avg. commute | 32 min |
| Sunny days / year | 205 days |
| July high | 86°F |
| January low | 22°F |
| Annual snowfall | — |
| Home price YoY | +7.8% |
| Home price MoM | +0.5% |
| Rent YoY | — |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +1.4% |
| Building permits YoY | -25.5% |
| Ocean coast | 12 mi |
| Big lake | 105 mi |
| Mountains | 90 mi |
| Major airport | 42 mi |
| Ski resort | 90 mi |
Popular comparisons
Nearby
- Point Pleasant, NJ · 19k
- Toms River, NJ · 95k
- Tinton Falls, NJ · 19k
- Asbury Park, NJ · 15k
- Long Branch, NJ · 33k
Similar size
- Passaic, NJ · 70k
- East Orange, NJ · 70k
- Camden, NJ · 71k
- Bayonne, NJ · 72k
- Union City, NJ · 66k
Real listings in Lakewood
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Lakewood a good place to run a business?
- New Jersey's corporate income tax rate is 11.5%; average weekly wages in the surrounding labor market run $1,131/wk; commercial electricity averages 14.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Lakewood, NJ?
- Lakewood indexes at 128 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,670/mo and a acs median home value of $715,500.
- How much does a house cost in Lakewood?
- The acs median home value in Lakewood is $715,500 (Census ACS estimate; individual listings vary).
- How much is rent in Lakewood?
- A two-bedroom in Lakewood rents for about $1,670/mo.