Lakewood, IL
Full City Profile · Illinois · McHenry County County
4.0
/5.0
A
Great
4,699
Population
4/sq mi density
$185,774
Median Income
$75,240 per capita
$518,500
Home Value
$206,195 Zillow
49°F
Avg Temperature
47
Violent Crime/100K
258 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$185,774 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$518,500 home value, /mo rent
F
Safety
1.0 / 5.0
47 violent crimes/100K
A+
Education
5.0 / 5.0
60.6% bachelor's degree or higher
Income Overview
Median Household Income
$185,774
147% above
US avg: $75,149
Per Capita Income
$75,240
93% above
US avg: $39,052
Unemployment Rate
1.2%
67% below
US avg: 3.6%
Poverty Rate
2.0%
84% below
US avg: 12.4%
Income Comparison: Lakewood vs. U.S. Average
Each bar shows Lakewood’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$185,774
247%
Per Capita
US: $39,052
$75,240
193%
IRS Avg AGI
US: $72,000
$93,804
130%
Avg Weekly Wage
US: $1,432
$1,060
74%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,060
26% below US avg ($1,432)
Mean Commute Time
28 min
1% above US avg (28 min)
Work From Home
24.5%
61% above US avg (15.2%)
Drive Alone
67.1%
8% below US avg (73.2%)
Public Transit
4.9%
2% below US avg (5.0%)
County GDP
$15,983M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
67.1%
Public Transit
4.9%
Work From Home
24.5%
Other
3.5%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
7,928
Restaurants
645
Healthcare
846
Retail
816
Manufacturing
432
Tax & Financial
IRS Avg Adjusted Gross Income
$93,804
30% above US avg ($72,000)
Avg Property Tax
$8,712
149% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $185,774 |
| Per Capita Income | $75,240 |
| IRS Avg Adjusted Gross Income | $93,804 |
| Avg Weekly Wage | $1,060 |
| County GDP | $15,983M |
Hardship Indicators
| Unemployment Rate | 1.2% |
| Poverty Rate | 2.0% |
| Gini Coefficient | 0.411 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 67.1% |
| Public Transit | 4.9% |
| Work From Home | 24.5% |
Businesses
| Total Establishments | 7,928 |
| Restaurants | 645 |
| Healthcare | 846 |
| Retail | 816 |
| Manufacturing | 432 |
Tax
| IRS Avg AGI | $93,804 |
| Avg Property Tax | $8,712 |