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.
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?
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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?
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60.6% of adults in Lakewood village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
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.)
Hispanic Subgroups (% of total pop.)
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
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%
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%
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 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%
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