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 and multiracial populations.

Population by Race

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%

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