Lakewood is a village in Chautauqua County, New York, United States. The population was 2,993 at the 2020 census. The village is in the northern part of the town of Busti. Lakewood is located at 42°6′3″N 79°19′19″W / 42.10083°N 79.32194°W, at the south end of Chautauqua Lake. New York State Route 394 passes through the village as Fairm…Lakewood is a village in Chautauqua County, New York, United States. The population was 2,993 at the 2020 census. The village is in the northern part of the town of Busti. Lakewood is located at 42°6′3″N 79°19′19″W / 42.10083°N 79.32194°W, at the south end of Chautauqua Lake. New York State Route 394 passes through the village as Fairmount Avenue, leading east 5 miles to the center of Jamestown and northwest 6 miles to Interstate 86 where it crosses Chautauqua Lake.