Lakewood Shores, IL
Population 433 · Illinois
About Lakewood Shores, IL
Lakewood Shores is a small community located in Illinois with a population of 433 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,500 per year, which is 2% above the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakewood Shores features a median home value of $181,300, which is 26% below the national median of $244,900. This positions Lakewood Shores in a moderately priced market relative to the rest of the country. Median monthly rent is $1,339, 15% above the national average of $1,163/month. Of the 255 total housing units, 77% are owner-occupied (147 units) and 23% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood Shores shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakewood Shores have an average one-way commute time of 25.2 minutes.
Education & Demographics
8.5% of Lakewood Shores residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Lakewood Shores, IL
Compared to national averages, Lakewood Shores has a median household income of $76,500 (2% above the national median of $75,149). Home values average $181,300, which is 26% below the national median. Monthly rent at $1,339 is 15% above the US average of $1,163. Within Illinois, Lakewood Shores's income is 2% above the state average of $75,072, and home values are 9% above the state median of $165,779.
Why Live in Lakewood Shores, IL?
Lakewood Shores offers a strong local economy with a median household income of $76,500, well above the national average, and affordable housing with a median home value of $181,300, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 12.2%, better than the national average.
Lakewood Shores has a population of 433 with a median age of 45.5 years. Compare Lakewood Shores with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lakewood Shores
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Prairie du Rocher | 432 | $60,313 | $85,400 | Compare |
| Ashley | 428 | $47,031 | $70,700 | Compare |
| Ruma | 438 | $71,875 | $125,000 | Compare |
| Custer Park | 426 | $173,274 | $218,800 | Compare |
| Andover | 425 | $68,281 | $139,600 | Compare |
| Davis | 425 | $64,107 | $150,000 | Compare |
| Hartsburg | 441 | $72,500 | $89,500 | Compare |
| Olive Branch | 441 | $27,250 | $58,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakewood Shores With Other Cities
Frequently Asked Questions about Lakewood Shores
What is the population of Lakewood Shores, IL?
The population of Lakewood Shores, IL is 433 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Lakewood Shores?
The median household income in Lakewood Shores, IL is $76,500 per year, which is 2% above the national median of $75,149.
What is the median home value in Lakewood Shores?
The median home value in Lakewood Shores, IL is $181,300, which is 26% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood Shores?
The median monthly rent in Lakewood Shores, IL is $1,339, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Lakewood Shores?
The unemployment rate in Lakewood Shores, IL is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakewood Shores, IL a good place to live?
Lakewood Shores offers above-average incomes, affordable housing, and a strong job market. With a population of 433 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Lakewood Shores, IL?
8.5% of residents in Lakewood Shores aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakewood Shores?
Key cost-of-living indicators for Lakewood Shores, IL: median home value is $181,300 (26% below national), median rent is $1,339/month, and median household income is $76,500. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood Shores?
The poverty rate in Lakewood Shores, IL is 12.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakewood Shores, IL?
Lakewood Shores's population is 2.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 3.5% two or more races. 3.9% of residents are foreign-born.