Lakewood Shores, Illinois Demographics & Population 2026

A note before these figures: with a population of 459, Lakewood Shores's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Lakewood Shores is a small community located in Illinois, within Will County. The total population is 459. It ranks as the 962nd most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Lakewood Shores is 43.4 years. This is 11% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Lakewood Shores is $78,693. This is 6% lower than the state median of $83,390. It is also 3% lower than the national median of $80,734. The poverty rate stands at 3.7%. This is 69% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.2%. This is 62% lower than the state rate of 5.8%. The median home value is $217,100. Housing costs are 18% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.8x, Lakewood Shores is one of the most affordable housing markets in the area. 87.1% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 67.1%.

Race & Ethnicity

Lakewood Shores has a predominantly White (non-Hispanic) population, comprising 85.2% of all residents. Black or African American residents account for 5.9%. The Black or African American population (5.9%) is well below the state average of 13.3%. The Hispanic or Latino population (4.1%) is well below the state average of 18.8%.

Education

11.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.6%.

Data Sources & Methodology

All demographic data for Lakewood Shores, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.