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Lakewood village, Illinois

City

Population: 4,699 (2023 estimate)

Located in Illinois , Illinois

Census Bureau data for Lakewood village from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Lakewood village

What is the median household income in Lakewood village?
The median household income in Lakewood village is $185,774 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Lakewood village?
The poverty rate in Lakewood village is 2.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Lakewood village?
$518,500 (U.S. Census Bureau ACS 2023).
What percentage of Lakewood village residents have a college degree?
60.6% of adults in Lakewood village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,699
Median Income
$185,774
Median Home Value
$518,500
Poverty Rate
2.0%
Unemployment (ACS 2023)
1.2%
Median Age
40.0 yrs
Since 2019 Median Income: +$41,534 (+28.8%) Home Value: +$129,700 (+33.4%) Poverty Rate: +1.1 pp (+122.2%) Bachelor's+: -0.7 pp (-1.1%) Unemployment: +0.1 pp (+9.1%)

Demographics

Total Population 4,699
Median Age 40.0
Female 48.6%
Race & Ethnicity
Hispanic or Latino 10.4% White (non-Hisp.) 83.4% Black 0.5% Asian 3.9% Two or More 8.7% Other 0.9%
Asian Subgroups (% of total pop.)
Indian
0.7%
Chinese
0.4%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.4%
Mexican
0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $185,774 ±$30,662
+$104,072 vs. state
Per Capita Income $219,902
Median Family Income $208,534
Poverty Rate 2.0%
-6.2 pp vs. state
Child Poverty Rate 3.2%
Working-Age Poverty Rate
SNAP Recipients 0.0%
Social Security Income
Retirement Income 25.7%
Household Income Distribution
< $10k
3.1%
$15–25k
2.5%
$35–50k
4.1%
$50–75k
6.2%
$75–100k
7.7%
$100–150k
14.8%
$150–200k
16.3%
$200k+
45.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 1,554
Owner-Occupied 97.6%
Renter-Occupied 2.4%
Vacancy Rate 3.5%
Median Home Value $518,500
+$268,000 vs. state
Median Gross Rent
Owner Cost Burden (30%+) 16.5%
Renter Cost Burden (30%+) 0.0%
Home Value Distribution
$100–200k
0.4%
$200–300k
4.7%
$300–500k
40.1%
$500k–$1M
51.7%
$1M+
1.1%
Vehicle Availability
No vehicle
0.3%
1 vehicle
19.5%
2 vehicles
45.8%
3+
34.4%
Housing Type
Single-fam. det.
92.9%
Single-fam. att.
5.1%
Housing Age
Pre-1940
8.9%
1940–1969
3.2%
1970–1999
9.1%
2000–2009
34.9%
2010+
11.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 98.3%
Bachelor's or Higher 60.6%
+23.4 pp vs. state
Graduate Degree 25.4%
Some College / Associate 17.6%
Less Than High School 0.2%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 65.8%
Unemployment Rate 1.2%
-4.6 pp vs. state
Work from Home 24.5%
Self-Employed 3.9%
Government Workers 15.0%
Private For-Profit 80.7%
Industry
Edu/Health
24.1%
Prof. Services
14.6%
Manufacturing
12.0%
Retail
10.1%
Finance
8.9%
Arts/Entmt.
6.1%
Construction
4.5%
Transportation
4.3%
Information
4.2%
Wholesale
3.5%
Public Admin
1.5%
Occupation
Management
58.9%
Sales
17.1%
Food Prep
11.9%
Production
6.3%
Construction
5.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 27.9 min
Drove Alone 67.1%
Carpool 2.7%
Public Transit 4.9%
Work from Home 24.5%
Walked 0.0%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 1,499
Avg. Household Size 3.00
Avg. Family Size
Married-Couple Households 72.7%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 41.7%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
3.3%
5–9
7.6%
10–14
11.7%
15–19
10.5%
20–24
4.7%
25–34
3.4%
35–44
13.7%
45–54
22.6%
55–64
4.8%
65–74
4.7%
75–84
8.4%
85+
3.6%
Under 18: 30.5% Working age (18–64): 69.5% 65 and over: 12.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 12.1%
Naturalized Citizen 79.6%
Speaks English Less Than Very Well 0.8%
Foreign-Born Origin
Europe
43.9%
Asia
28.1%
Latin America
18.1%
Africa
1.8%

Veterans & Disability

Veteran 5.4%
With a Disability 7.7%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 94.8%
Uninsured 5.2%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 98.4%
Has a Computer 98.4%
Same House 1 Year Ago 96.2%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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