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Lakewood, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
4,707
Population
$173,625
Median Income
$552,600
Home Value
42.9
Median Age

Demographics

Lakewood has a population of 4,707 with a median age of 42.9. Here is the racial and ethnic breakdown of the population:

White
85.4%
Hispanic
8.3%
Asian
4.8%
Other
0.9%
Black
0.6%
Demographic Value
Total Population4,707
Median Age42.9
White85.4%
Black or African American0.6%
Asian4.8%
Hispanic or Latino8.3%
Other / Two or More Races0.9%
Lakewood, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 85.4%Hispanic/Latino: 8.3%Asian: 4.8%Other: 1.5%4,707PopulationWhiteWhite85.4%Hispanic/LatinoHispanic/Latino8.3%AsianAsian4.8%OtherOther1.5%

Income & Economy

The median household income in Lakewood is $173,625, which is 115.4% above the national median of $80,610. The per capita income is $79,413. The poverty rate is 3.5%.

$173,625
Median Household Income
$79,413
Per Capita Income
3.5%
Poverty Rate

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Education

In Lakewood, 98.2% of residents age 25+ have a high school diploma or higher, and 61.3% hold a bachelor's degree or higher (24.8% with a graduate or professional degree).

HS Diploma+
98.2%
Bachelor's+
61.3%
Graduate+
24.8%
Education Level % of Adults (25+)
High School Diploma or Higher98.2%
Bachelor's Degree or Higher61.3%
Graduate or Professional Degree24.8%

Housing

The median home value in Lakewood is $552,600, above the national median of $303,400. The homeownership rate is 96.7%.

$552,600
Median Home Value
96.7%
Homeownership Rate
Housing Metric Value
Median Home Value$552,600
Homeownership Rate96.7%
Vacancy Rate3.4%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Lakewood, Illinois?
The population of Lakewood, Illinois is 4,707 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lakewood, Illinois?
The median household income in Lakewood, Illinois is $173,625. This is 115.4% above the national median of $80,610.
What is the median home value in Lakewood, Illinois?
The median home value in Lakewood, Illinois is $552,600.
What percentage of people in Lakewood have a college degree?
In Lakewood, Illinois, 61.3% of adults age 25 and older hold a bachelor's degree or higher, and 98.2% have a high school diploma or higher.
Is Lakewood, Illinois an affordable place to live?
The home price-to-income ratio in Lakewood, Illinois is 3.2x (median home value $552,600 vs. median income $173,625), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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