Jobs & Economy in Lakewood
Lakewood's economy runs on a real, genuine small-business and commercial-corridor identity rather than a single dominant local employer.
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Learn moreA thriving, real small-business corridor
Over 1,000 businesses -- coffee shops, bars, restaurants, boutiques -- line the Detroit Ave and Madison Ave commercial corridors, with approximately 100 new or renovated small businesses over the prior four years.
Most residents commute for employment
As an inner-ring Cleveland suburb, most Lakewood residents commute into Cleveland proper or elsewhere in Cuyahoga County for work rather than working within Lakewood itself.
A comparatively modest median household income
Lakewood's median household income ran approximately $63,299 per one cited source -- confirm current figures directly for specific budgeting purposes.
Key takeaways
- Lakewood's real, thriving small-business corridor anchors much of its local commercial economy.
- Most residents commute elsewhere in the Cleveland metro for primary employment.
- Lakewood's median household income ran approximately $63,299 per one cited source.
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