Lakewood village, IL population, income and ZIP codes

Lakewood village is a small town in Illinois, with 4,699 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #343 of 1,462 ranked by population — larger than 76% of them. The median age here is 40.2 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Lakewood village earn a median of $185,774 a year, 136.5% above the national figure of $78,538 and 150% above the $74,244 median for the 698 Illinois cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 3.2% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Lakewood village is valued at $518,500, 70.9% above the national figure and 190% above the $179,100 peer median, while median gross rent runs not published a month. The home-price-to-income ratio works out to 2.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 97.6% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

The Census withheld gross rent for Lakewood village because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.