Lakewood

County:: Shelby County
County Seat:: No
Area (mi²):: 4.587
State:: Illinois

Lakewood is a village located in Shelby County, Illinois. Lakewood has a 2025 population of 4,267. Lakewood is currently declining at a rate of 0% annually and its population has decreased by 0% since the most recent census, which recorded a population of 4,267 in 2020.

The average household income in Lakewood is $231,998 with a poverty rate of 3.17%. The median age in Lakewood is 40.2 years: 39.1 years for males, and 42.5 years for females.

Demographics

The racial composition of Lakewood includes 85.34% White, 3.89% Asian, and smaller percentages for other race, Native American, Black or African American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Asian

Other race

Native American

Black or African American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	4,010	85.34%
Two or more races	410	8.73%
Asian	183	3.89%
Other race	41	0.87%
Native American	33	0.7%
Black or African American	22	0.47%
Native Hawaiian or Pacific Islander	0	0%

Lakewood Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Lakewood's average per capita income is $89,500. Household income levels show a median of $185,774. The poverty rate stands at 3.17%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$235,893	-
Families	$208,534	$259,227
Households	$185,774	$231,998
Non Families	$91,528	$95,606

$89,500

Average Income

$185,774

Median Household Income

3.17%

Poverty Rate