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CITY · 2020 ACS

Lakewood

Illinois · 4,283 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 $149,583. The city has grown rapidly, with population up 83% since 2000. 59% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $401,900. Poverty is rare here, at 1.4% of residents. Households here earn about 119% more than the Illinois median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 43.7
US median: 38.8
More educated
59% hold a bachelor's degree
US average: 33%
More affordable
home values down 7%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
4,283
+83%since 2000
from 2,337 in 2000
1990 – 2025
Population density
934 / sq mi
+83%since 2000
from 509 / sq mi in 2000
US average: 280
Median age
43.7
+7%since 2000
from 40.7 in 2000
US average: 38.8
Population, 1990 – 2024
1K2K3K4K5K1990201020202024Lakewood
20245K
1990201020202024
Section 02

Income & economy

Median household income
$149,583
−10%inflation adjusted, since 2000
from $111,172 in 2000
US average: $66,278
1990 – 2024
Per capita income
$57,167
+28%since 2000
from $44,579 in 2000
US average: $35,364
Households earning $100K+
80.8%
+19.4 ptssince 2009
from 61.5% in 2009
US average: 43.9%
Poverty rate
1.4%
−0.3 ptssince 2000
from 1.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services14.3%
US avg: 6.6%
Information14.1%
US avg: 11.1%
Public administration12.8%
US avg: 4.7%
Retail trade8.9%
US avg: 10%
Wholesale trade6.7%
US avg: 6.7%
Finance & insurance3.1%
US avg: 5.5%
Professional, scientific, technical3.1%
US avg: 4.7%
Arts, entertainment, food1.8%
US avg: 2%
Transportation & warehousing1%
US avg: 2.5%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$401,900
−7%inflation adjusted, since 2000
from $286,800 in 2000
US average: $265,253
1990 – 2024
Owner-occupied
96.5%
−0.9 ptssince 2000
from 97.4% in 2000
3.5% rent
Afford Score
2.7
+4%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)
2020
White, non-Hispanic86.4%(3,699)
Black0.6%(25)
Hispanic / Latino4.9%(212)
Asian3.6%(153)
Other3.3%(141)
Diversity Score28.8%(1,233)
Diversity Score
29
+153%since 2000
from 11 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
59.3%
+4.0 ptssince 2000
from 55.3% in 2000
US average: 32.9%
High school or higher
98.8%
+3.1 ptssince 2000
from 95.7% in 2000
US average: 88.5%
Graduate degree
28.0%
+9.3 ptssince 2000
from 18.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
31.5 min
+11%since 2000
from 28.4 min in 2000
US average: 26.9
Drive alone to work
71.8%
−10.9 ptssince 2009
from 82.7% in 2009
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.5%
−8.4 ptssince 2011
from 8.9% in 2011
US average: 5.4%
Labor force participation
70.5%
+8.5 ptssince 2011
from 62.1% in 2011
US average: 63.4%
Management & professional
50.3%
−18.9 ptssince 2009
from 69.2% in 2009
US average: 39.3%
Section 08

People & community

Male
53.8%
+3.3 ptssince 2009
from 50.4% in 2009
Female
46.2%
−3.3 ptssince 2009
from 49.6% in 2009
Foreign born
7.2%
−0.1 ptssince 2009
from 7.3% in 2009
US average: 13.5%
Uninsured
2.1%
−95.6 ptssince 2013
from 97.7% in 2013
US average: 8.8%
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$108,418−28%
Home value$311,400−23%
Population42,288+885%
SEE FULL COMPARISON →
LAKEWOOD VS
Lake in the Hills
Income$117,151−22%
Home value$321,900−20%
Population28,590+566%
SEE FULL COMPARISON →
LAKEWOOD VS
Huntley
Income$88,536−41%
Home value$334,300−17%
Population29,132+579%
SEE FULL COMPARISON →
LAKEWOOD VS
Algonquin
Income$134,525−10%
Home value$351,000−13%
Population30,824+618%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakewood, Illinois?

Lakewood, Illinois has about 4,283 residents according to the 2020 American Community Survey.

What is the median household income in Lakewood, Illinois?

The typical household in Lakewood, Illinois earns about $149,583 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 $401,900.

How educated are people in Lakewood, Illinois?

About 59.3% 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 1.4% 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 2,680 residents, a change of about 167 percent over that period.

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

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