Lakewood Shores, IL Profile: Facts & Data

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Lakewood Shores, Illinois - Basic Facts

The Lakewood Shores Census Designated Place had a population of 1,311 as of July 1, 2019. Lakewood Shores ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Lakewood Shores is located at latitude 41.2817 and longitude -88.1448 in Will County. The formal boundaries for the Lakewood Shores Census Designated Place encompass a land area of 2.29 sq. miles and a water area of 0.22 sq. miles. Will County is in the Central time zone (GMT -6). The elevation is 564 feet.

The Lakewood Shores Census Designated Place (GNIS ID: 2393091) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lakewood Shores Census Designated Place is located within Township of Wesley, a minor civil division (MCD) of Will County.


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  1. Lakewood Shores 2019 Demographic Data
  2. Growth Rates for Lakewood Shores (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Lakewood Shores, IL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lakewood Shores, IL Housing Affordability Index is 167
State of Illinois Housing Affordability Index is 119
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Lakewood Shores, IL Wealth Index is 94
State of Illinois Wealth Index is 105
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Illinois COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 1,311 (100%)
Population in Households 1,311 (100.0%)
Population in Families 1,094 (83.4%)
Population in Group Quarters1 0
Population Density 572
Diversity Index2 17
 

INCOME

Median Household Income $67,508
Average Household Income $80,568
Per Capita Income $30,910
Wealth Index4 94

HOUSING

Total Housing Units 552 (100%)
Owner Occupied HU 453 (82.1%)
Renter Occupied HU 49 ( 8.9%)
Vacant Housing Units 50 ( 9.1%)
Median Home Value $169,084
Housing Affordability Index3 167
 

HOUSEHOLDS

Total Households 502
Average Household Size 2.61
Family Households 358
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.29% 0.0%
Households -0.13% 0.04%
Families -0.3% -0.11%
Median Household Income   4.04%
Per Capita Income   4.29%

Lakewood Shores, IL - Peer Comparisons by Rank and Percentile

The table below compares Lakewood Shores to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 624 54th
Population Density # 1026 25th
Diversity Index # 563 59th
Median Household Income # 426 69th
Per Capita Income # 563 59th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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