Lakewood, IL

Census Place

2024 Population

4,707

US Senator

Dick Durbin

Democratic Party

US Senator

Tammy Duckworth

Democratic Party

2024 Median Age

42.9

6.72% 1-year increase

2024 Poverty Rate

3.48%

9.88% 1-year increase

2024 Median Household Income

$173,625

6.54% 1-year decline

2024 Median Property Value

$552,600

Population & Diversity

Lakewood, IL is home to a population of 4.71k people, from which 97.3% are citizens.

As of 2024, 13.8% of Lakewood, IL residents were born outside of the country (650 people).

In 2024, there were 16.6 times more White (Non-Hispanic) residents (3.97k people) in Lakewood, IL than any other race or ethnicity. There were 239 Two Races Including Other (Hispanic) and 227 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.3%

2024 Citizenship

97.5%

2023 Citizenship

As of 2024, 97.3% of Lakewood, IL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lakewood, IL was 97.5%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Lakewood, IL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lakewood, IL

White (Non-Hispanic)
3.97k ± 456
Two Races Including Other (Hispanic)
239 ± 174
Asian (Non-Hispanic)
227 ± 223

8.29%

Hispanic Population

390 people

8.29% of the people in Lakewood, IL are hispanic (390 people).

The following chart shows the 8 races represented in Lakewood, IL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Illinois.

Most Common Origin

Mexico
637,284 ± 19,101 people
India
166,788 ± 9,961 people
Poland
117,148 ± 8,364 people

In 2024, the most common birthplace for the foreign-born residents of Illinois was Mexico, the natal country of 637,284 Illinois residents, followed by India with 166,788 and Poland with 117,148.

Foreign-Born Population

13.8%

2024 Foreign-Born Population

650 people

12.1%

2023 Foreign-Born Population

570 people

As of 2024, 13.8% of Lakewood, IL residents (650 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lakewood, IL was 12.1%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Lakewood, IL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
72 ± 72
Vietnam
32 ± 33
Gulf War (1990s)
31 ± 48

Lakewood, IL has a large population of military personnel who served in Gulf War (2001-), 2.25 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lakewood, IL.

Economy

The economy of Lakewood, IL employs 2.44k people. In 2024, the largest industries in Lakewood, IL were Educational Services (314 people), Manufacturing (299 people), and Professional, Scientific, & Technical Services (298 people), and the highest paying industries were Finance & Insurance ($205,952), Finance & Insurance, & Real Estate & Rental & Leasing ($205,893), and Manufacturing ($177,981).

Employment

Occupations

2.44k

2024 Value

± 362

5.82%

1 Year growth

± 19.9%

From 2023 to 2024, employment in Lakewood, IL grew at a rate of 5.82%, from 2.3k employees to 2.44k employees.

The most common job groups, by number of people living in Lakewood, IL, are Management Occupations (622 people), Business & Financial Operations Occupations (298 people), and Sales & Related Occupations (253 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lakewood, IL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Illinois.

This chart shows weekly unemployment insurance claims in Illinois (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.44k

2024 Value

± 362

5.82%

1 Year growth

± 19.9%

From 2023 to 2024, employment in Lakewood, IL grew at a rate of 5.82%, from 2.3k employees to 2.44k employees.

The most common employment sectors for those who live in Lakewood, IL, are Educational Services (314 people), Manufacturing (299 people), and Professional, Scientific, & Technical Services (298 people). This chart shows the share breakdown of the primary industries for residents of Lakewood, IL, though some of these residents may live in Lakewood, IL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$101,760

Median earning men ± $29,338

$57,721

Median earning women ± $12,023

The industries with the best median earnings for men in 2024 are Manufacturing ($232,917), Educational Services, & Health Care & Social Assistance ($212,333), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($210,909).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($210,000), Manufacturing ($112,000), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($67,344).

Housing & Living

The median property value in Lakewood, IL was $552,600 in 2024, which is 1.66 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $518,500 to $552,600, a 6.58% increase. The homeownership rate in Lakewood, IL is 96.7%, which is higher than the national average of 65.2%.

People in Lakewood, IL have an average commute time of 27.7 minutes, and they drove alone to work. Car ownership in Lakewood, IL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$552,600

Median Property Value 2024

±$49,585

$1,533

Median Property Taxes

±$206

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lakewood, IL the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lakewood, IL compared to it's parent and neighbor geographies.

Rent vs Own

96.7%

Homeownership

2024

64.3%

Homeowners with Mortgage

2024

In 2024, 96.7% of the housing units in Lakewood, IL were occupied by their owner. This percentage declined from the previous year's rate of 97.6%.

This chart shows the percentage of owner in Lakewood, IL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$173,625

Median Household Income

± $29,541

1.59k

Number of Households

± 249

In 2024, the median household income of the 1.59k households in Lakewood, IL declined from $173,625 from the previous year's value of $185,774.

The following chart displays the households in Lakewood, IL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Lakewood, IL is from Illinois.

0.471

2024 Wage GINI in Illinois

0.474

2023 Wage GINI in Illinois

In 2024, the income inequality in Illinois was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.55% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Illinois was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Illinois in comparison to the national average.

This chart shows the number of workers in Illinois across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (68.3%)
Worked At Home (26.1%)
Public Transit (3.93%)

In 2024, 68.3% of workers in Lakewood, IL drove alone to work, followed by those who worked at home (26.1%) and those who used public transit to get to work (3.93%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

27.7 minutes

Average Travel Time

Using averages, employees in Lakewood, IL have a longer commute time (27.7 minutes) than the normal US worker (26.4 minutes). Additionally, 1.83% of the workforce in Lakewood, IL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lakewood, IL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lakewood, IL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lakewood, IL have 2 cars.

Poverty

Poverty & Diversity

3.48% of the population for whom poverty status is determined in Lakewood, IL (164 out of 4.71k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 55 - 64, followed by Females 55 - 64 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Lakewood, IL is White, followed by Hispanic and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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