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CITY · 2010 ACS

Lakewood

Illinois · 3,811 residents · 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 $117,439. The city has grown rapidly, with population up 63% since 2000. 57% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value has risen by half since 2000, reaching $492,200. Poverty is rare here, at 1.1% of residents. Households here earn about 111% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 42.0
US median: 37.2
More educated
57% hold a bachelor's degree
US average: 28%
Less affordable
home values up 36%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
3,811
+63%since 2000
from 2,337 in 2000
1990 – 2025
Population density
831 / sq mi
+63%since 2000
from 509 / sq mi in 2000
US average: 261
Median age
42.0
+3%since 2000
from 40.7 in 2000
US average: 37.2
Population, 1990 – 2024
1K2K3K4K5K1990201020202024Lakewood
20245K
1990201020202024
Section 02

Income & economy

Median household income
$117,439
−17%inflation adjusted, since 2000
from $111,172 in 2000
US average: $52,703
1990 – 2024
Per capita income
$51,848
+16%since 2000
from $44,579 in 2000
US average: $27,286
Households earning $100K+
62.4%
+1.0 ptssince 2009
from 61.5% in 2009
US average: 33.3%
Poverty rate
1.1%
−0.6 ptssince 2000
from 1.7% in 2000
US average: 13.8%
Income inequality (Gini)
0.482
US average: 0.461
Workforce by industry, 2010
Retail trade11.6%
US avg: 10.9%
Transportation & warehousing11.4%
US avg: 3.1%
Wholesale trade10%
US avg: 7.2%
Other services8.2%
US avg: 7%
Finance & insurance7.4%
US avg: 5.1%
Professional, scientific, technical7.4%
US avg: 4.2%
Information6.8%
US avg: 11.5%
Public administration5.5%
US avg: 4.9%
Arts, entertainment, food2.5%
US avg: 2.4%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$492,200
+36%inflation adjusted, since 2000
from $286,800 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$938
−24%inflation adjusted, since 2000
from $975 in 2000
US average: $853
Owner-occupied
79.6%
−17.8 ptssince 2000
from 97.4% in 2000
3.4% rent
Vacancy rate
1.7%
−0.8 ptssince 2009
from 2.5% in 2009
US average: 12.1%
Owner cost-burdened
47.5%
+0.1 ptssince 2009
from 47.4% in 2009
US average: 30.9%
Renter cost-burdened
36.1%
+36.1 ptssince 2009
from 0.0% in 2009
US average: 46.8%
Afford Score
4.2
+62%since 2000
from 2.6 in 2000
1990 – 2024
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)
2010
White, non-Hispanic90.8%(3,460)
Black1.2%(44)
Hispanic / Latino3.1%(120)
Asian3.5%(133)
Other0.4%(16)
Diversity Score19.6%(747)
Diversity Score
20
+72%since 2000
from 11 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
56.7%
+1.5 ptssince 2000
from 55.3% in 2000
US average: 27.9%
High school or higher
99.6%
+3.9 ptssince 2000
from 95.7% in 2000
US average: 84.9%
Graduate degree
16.2%
−2.5 ptssince 2000
from 18.6% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
32.8 min
+16%since 2000
from 28.4 min in 2000
US average: 25.2
Drive alone to work
83.2%
+0.6 ptssince 2009
from 82.7% in 2009
US average: 76.2%
Carpooled to work
1.8%
Unchangedsince 2009
from 1.8% in 2009
US average: 10.4%
Public transit
1.5%
−1.0 ptssince 2009
from 2.5% in 2009
US average: 4.7%
Worked from home
10.6%
+0.4 ptssince 2009
from 10.3% in 2009
US average: 4.1%
Walked to work
2.9%
+0.1 ptssince 2009
from 2.7% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
13.2%
+0.8 ptssince 2009
from 12.4% in 2009
US average: 12.9%
Management & professional
48.4%
−20.7 ptssince 2009
from 69.2% in 2009
US average: 35.2%
Section 08

People & community

Male
52.9%
+2.4 ptssince 2009
from 50.4% in 2009
Female
47.1%
−2.4 ptssince 2009
from 49.6% in 2009
Foreign born
6.5%
−0.8 ptssince 2009
from 7.3% in 2009
US average: 12.8%
Veterans
14.5%
−34.4 ptssince 2009
from 48.9% in 2009
US average: 9.9%
Drill deeper

Places similar to Lakewood

Indian River Shores
Pop 4,467
Highland Beach
Pop 4,328
Lake Clarke Shores
Pop 3,597
Oakland
Pop 3,774
Places similar to Lakewood
Head to head

Compare Lakewood to nearby cities

LAKEWOOD VS
Crystal Lake
Income$108,418−8%
Home value$311,400−37%
Population42,288+885%
SEE FULL COMPARISON →
LAKEWOOD VS
Lake in the Hills
Income$117,151same
Home value$321,900−35%
Population28,590+566%
SEE FULL COMPARISON →
LAKEWOOD VS
Huntley
Income$88,536−25%
Home value$334,300−32%
Population29,132+579%
SEE FULL COMPARISON →
LAKEWOOD VS
Algonquin
Income$134,525+15%
Home value$351,000−29%
Population30,824+618%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakewood, Illinois?

Lakewood, Illinois has about 3,811 residents according to the 2010 American Community Survey.

What is the median household income in Lakewood, Illinois?

The typical household in Lakewood, Illinois earns about $117,439 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 $492,200, and the typical rent is about $938 a month.

How educated are people in Lakewood, Illinois?

About 56.7% 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 1.1% 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 2,208 residents, a change of about 138 percent over that period.

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

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