Pierce County · Washington · West · 63k residents
Lakewood, WA: economy, jobs & business costs
The site-selection read on Lakewood: labor costs, talent, corporate tax, energy, and business activity, with the Washington 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 $1,423/wk. Washington's corporate income tax rate is 0%. Commercial electricity averages 10.0¢/kWh.
Compare Lakewood side by side
Avg. weekly wage
$1,423/wk
Corporate income tax
0%
Bachelor's degree or higher
23.2%
Commercial electricity
10.0¢/kWh
Economic momentum
How fast Lakewood's economy is moving, ranked against the US cities we track.
65/100
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 | $461,200 |
| Price per sq. ft. | $350 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $1,272/mo |
| 2-bedroom rent | $1,610/mo |
| State & local income tax | 0% |
| Sales tax | 9.4% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,423/wk |
| Bachelor's degree or higher | 23.2% |
| Commercial electricity | 10.0¢/kWh |
| Businesses per 1k residents | 22.7/1k |
| Wage: Software developer | $167,280 |
| Wage: Registered nurse | $128,260 |
| Wage: General manager | $146,030 |
| Wage: Customer service | $53,550 |
| Wage: Warehouse worker | $46,830 |
| Wage: Heavy truck driver | $71,240 |
| Wage: Electrician | $101,780 |
| Wage: Retail salesperson | $42,080 |
| Cost of living index | 113 |
| Groceries index | 106 |
| Utilities | $155/mo |
| Transit pass | $99/mo |
| Gas price | $4.10/gal |
| Healthcare index | 104 |
| Childcare (per child) | $1,500/mo |
| Median household income | $74,720 |
| Unemployment rate | 4.3% |
| Population | 63k |
| Crime index | 50/100 |
| School rating | 6.5/10 |
| Walkability | 34/100 |
| Disaster risk | 99/100 |
| Avg. commute | 28 min |
| Sunny days / year | 155 days |
| July high | 77°F |
| January low | 37°F |
| Annual snowfall | — |
| Home price YoY | -0.4% |
| Home price MoM | -0.4% |
| Rent YoY | +3.9% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +1.1% |
| Building permits YoY | -2.2% |
| Ocean coast | 11 mi |
| Big lake | 270 mi |
| Mountains | 41 mi |
| Major airport | 25 mi |
| Ski resort | 51 mi |
Popular comparisons
Nearby
- Fort Lewis, WA · 15k
- Parkland, WA · 39k
- University Place, WA · 35k
- Spanaway, WA · 34k
- Frederickson, WA · 25k
Similar size
- Richland, WA · 63k
- Shoreline, WA · 61k
- Sammamish, WA · 66k
- South Hill, WA · 68k
- Lacey, WA · 58k
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?
- Washington's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,423/wk; commercial electricity averages 10.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Lakewood, WA?
- Lakewood indexes at 113 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,610/mo and a acs median home value of $461,200.
- How much does a house cost in Lakewood?
- The acs median home value in Lakewood is $461,200 (Census ACS estimate; individual listings vary).
- How much is rent in Lakewood?
- A two-bedroom in Lakewood rents for about $1,610/mo.