Living & Working in Lakewood
Rent vs. Buy Analysis
Median home price is $495,000 . Buying analysis suggests higher upfront costs but potential long-term savings compared to renting.
Neighborhoods by Value & Commute
Downtown Lakewood
URBANWest Lakewood
SUBURBANQuick Decision Guide
Major HVAC Employers
Top-Rated School Districts in Lakewood, NJ
The here Township School District includes highly regarded elementary schools such as Clifton Ave Grade School and Ella G Clarke Elementary School. For more details on school ratings, refer to U.S. News & World Report.
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Childcare Costs in Lakewood, NJ
- Daycare: Monthly costs average around $1,200–$1,500 for full-time care.
- Nanny: Hiring a nanny typically costs $2,500–$3,500/month based on experience and hours. For more information, visit Care.com or Nanny Lane.
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Recommended Pediatricians and Family Clinics
- Monmouth Medical Center Southern Campus: Offers pediatric services at 600 River Avenue, Lakewood, NJ.
- Pediatric Subspecialty Center at Toms River: Part of RWJBarnabas Health, located nearby. For vaccine and clinic details, check [NJ.gov](https://www
Work-Life Balance Culture in Lakewood, NJ
here is known for its community-focused work culture, with companies like Church & Dwight emphasizing work-life balance through internal promotions and employee support programs. Reviews highlight a balanced environment, though ratings vary by employer.
Fitness Facilities
- Recreation Centers: The Lakewood Recreation Department offers fitness classes, pools, and sports leagues.
- Parks & Trails: Ocean County Park features trails and playgrounds, while the Township of the area maintains over a dozen playgrounds and exercise paths.
- Gyms: LA Fitness has a location nearby, with guest passes available on their website.
Dining Costs
- Lunch: Red Robin offers $10 cheeseburger deals on Tuesdays (menu).
- Dinner: BJ’s Restaurant has entrees like pasta and pizzas starting at $13 (menu).
- Drinks: Happy Hour specials at local bars include discounted drinks and appetizers.
Annual Events and Festivals
- Ocean County Park Events: Hosts
Financial Facts for Lakewood, NJ
- State Income Tax Rate: New Jersey's state income tax rates range from 1.4% to 10.75%, depending on income brackets. Lakewood residents fall under this progressive tax structure. For specific rates, refer to the NJ Division of Taxation.
- Property Tax Average: The average property tax rate in Lakewood Township is approximately 2.264% of assessed value, as per the 2023 General Tax Rates. For a home assessed at $300,000, this translates to an annual tax bill of around $6,792.
- Cost of Living Compared to Nearby Major City: Lakewood's cost of living is approximately 15% lower than nearby New York City, according to local economic comparisons. Housing costs are significantly more affordable, with median home prices around $400,000 compared to NYC's $800,000+.
- Growing Industries Creating Jobs: Key industries driving job growth in Lakewood include healthcare, education, and retail trade. The township's industrial parks, among the largest in the state, contribute to employment opportunities. For details, visit here's Economic Development page.
- Business Startup Climate: New Jersey