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CITY

Lakewood

Illinois · 4,293 residents (2025 est.) · 4.587 sq mi
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The short version

Lakewood is significantly wealthier than the US average, with a median household income of $173,625. The city has more than doubled in size since 2000, adding 2,370 residents. 61% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $552,600. Poverty is rare here, at 3.5% of residents. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.9
US median: 38.9
More educated
61% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,707
+101%since 2000
from 2,337 in 2000
1990 – 2025
Population density
1,026 / sq mi
+101%since 2000
from 509 / sq mi in 2000
US average: 281
Median age
42.9
+5%since 2000
from 40.7 in 2000
US average: 38.9

PEP 2025 EST:4,293 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1K2K3K4K5K1990201020202024Lakewood
20245K
1990201020202024
Section 02

Income & economy

Median household income
$173,625
−14%inflation adjusted, since 2000
from $111,172 in 2000
US average: $82,259
1990 – 2024
Per capita income
$79,413
+78%since 2000
from $44,579 in 2000
US average: $44,673
Households earning $100K+
84.7%
+23.3 ptssince 2009
from 61.5% in 2009
US average: 53.3%
Poverty rate
3.5%
+1.8 ptssince 2000
from 1.7% in 2000
US average: 12.5%
Income inequality (Gini)
0.424
−12%since 2010
from 0.482 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade12.3%
US avg: 9.9%
Other services9.6%
US avg: 6.7%
Information9.1%
US avg: 10.8%
Public administration8.9%
US avg: 4.8%
Wholesale trade6.1%
US avg: 6.9%
Finance & insurance4.6%
US avg: 5.9%
Transportation & warehousing4.4%
US avg: 2.2%
Professional, scientific, technical3.5%
US avg: 5.1%
Arts, entertainment, food3.4%
US avg: 1.9%
Education & health services1.1%
US avg: 0.9%
Agriculture, forestry, fishing0.6%
US avg: 1.6%
Construction0.6%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$552,600
+6%inflation adjusted, since 2000
from $286,800 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
96.7%
−0.7 ptssince 2000
from 97.4% in 2000
3.3% rent
Vacancy rate
3.4%
+0.9 ptssince 2009
from 2.5% in 2009
US average: 10.0%
Owner cost-burdened
22.3%
−25.1 ptssince 2009
from 47.4% in 2009
US average: 22.9%
Renter cost-burdened
25.0%
+25.0 ptssince 2009
from 0.0% in 2009
US average: 47.4%
Afford Score
3.2
+23%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
34
RELATED:See current rent listings in Lakewood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic94.6%(2,210)
Black0.8%(18)
Hispanic / Latino2.4%(55)
Asian1.5%(36)
Other0%
Diversity Score11.4%(266)
2024
White, non-Hispanic84.4%(3,973)
Black0.6%(26)
Hispanic / Latino8.3%(390)
Asian4.8%(227)
Other1.9%(91)
Diversity Score34.7%(1,635)
Diversity Score
35
+206%since 2000
from 11 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
61.3%
+6.0 ptssince 2000
from 55.3% in 2000
US average: 35.6%
High school or higher
98.2%
+2.5 ptssince 2000
from 95.7% in 2000
US average: 89.6%
Graduate degree
24.8%
+6.2 ptssince 2000
from 18.6% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.7 min
−2%since 2000
from 28.4 min in 2000
US average: 26.5
Drive alone to work
68.3%
−14.4 ptssince 2009
from 82.7% in 2009
US average: 68.9%
Carpooled to work
1.7%
−0.1 ptssince 2009
from 1.8% in 2009
US average: 8.5%
Public transit
3.9%
+1.4 ptssince 2009
from 2.5% in 2009
US average: 3.2%
Worked from home
26.1%
+15.9 ptssince 2009
from 10.3% in 2009
US average: 15.0%
Walked to work
0.0%
−2.7 ptssince 2009
from 2.7% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.3%
+0.3 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.4%
−7.5 ptssince 2011
from 8.9% in 2011
US average: 5.2%
Labor force participation
68.1%
+6.1 ptssince 2011
from 62.1% in 2011
US average: 63.5%
Self-employed
13.4%
+1.0 ptssince 2009
from 12.4% in 2009
US average: 13.1%
Management & professional
62.2%
−7.0 ptssince 2009
from 69.2% in 2009
US average: 42.5%
Section 08

People & community

Male
51.6%
+1.2 ptssince 2009
from 50.4% in 2009
Female
48.4%
−1.2 ptssince 2009
from 49.6% in 2009
Foreign born
14.0%
+6.6 ptssince 2009
from 7.3% in 2009
US average: 14.1%
Veterans
4.2%
−44.7 ptssince 2009
from 48.9% in 2009
US average: 6.2%
With a disability
5.3%
−1.9 ptssince 2012
from 7.2% in 2012
US average: 13.3%
Uninsured
4.7%
−93.0 ptssince 2013
from 97.7% in 2013
US average: 8.4%
Broadband at home
98.5%
+2.3 ptssince 2017
from 96.2% in 2017
US average: 91.0%
English only at home
90.7%
−2.2 ptssince 2016
from 92.9% in 2016
US average: 77.7%
Spanish at home
3.8%
+2.6 ptssince 2016
from 1.2% in 2016
US average: 13.6%
Drill deeper

Places similar to Lakewood

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Pop 4,467
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Pop 3,597
Oakland
Pop 3,774
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Compare Lakewood to nearby cities

LAKEWOOD VS
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Income$108,418−38%
Home value$311,400−44%
Population42,288+885%
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LAKEWOOD VS
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Income$117,151−33%
Home value$321,900−42%
Population28,590+566%
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LAKEWOOD VS
Huntley
Income$88,536−49%
Home value$334,300−40%
Population29,132+579%
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LAKEWOOD VS
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Income$134,525−23%
Home value$351,000−36%
Population30,824+618%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakewood, Illinois?

Lakewood, Illinois has about 4,707 residents according to the 2024 American Community Survey.

What is the median household income in Lakewood, Illinois?

The typical household in Lakewood, Illinois earns about $173,625 a year. Half of households make more than that, and half make less.

Is Lakewood, Illinois expensive?

In Lakewood, Illinois, the median home is worth about $552,600.

How educated are people in Lakewood, Illinois?

About 61.3% of adults age 25 and over in Lakewood, Illinois hold a bachelor's degree or higher.

What is the poverty rate in Lakewood, Illinois?

About 3.5% of people in Lakewood, Illinois live below the federal poverty line.

Has Lakewood, Illinois grown since 1990?

Yes, Lakewood, Illinois has grown since 1990. The population has added about 3,104 residents, a change of about 194 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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