Lakewood 60 Average
Lakewood Livability #965 ranked city in Illinois#18,717 ranked city in the USARanks better than 36% of areas
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Local Insights Report

Pros and Cons of Living in Lakewood

PROS
  • Crime Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

CONS
  • Amenities Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Commute Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

  • Cost Of Living Cost Of Living

    Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.

  • Health & Safety Health & Safety

    Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.

  • Ratings Ratings

    Polls and surveys done by AreaVibes among area residents did not yield positive feedback when it came to the walkability of amenities, safety, nearby parks and the overall sense of community.

What's it like Living in Lakewood?

Lakewood is a small-sized city located in the state of Illinois. The city has a population of 4,146 people. If we look at the most recent Census, Lakewood is known to have a predominantly White population. The next two most common races are Asian and Black. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Lakewood offers up a higher than average one way commute time of 31 minutes.

If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a good experience if you are willing to get to know the area before actually living in Lakewood, Illinois. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Lakewood and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, health & safety, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Illinois and national averages.

Lakewood has a livability score of 65/100 and is ranked #563 in Illinois and #11,600 in the USA. Based on the scores for each individual category, Lakewood has been rewarded with high marks for crime (A+) and housing (A+). There is at least one category that you should be aware of in Lakewood. The following was graded with a concerning score: amenities (F) and cost of living (F).

Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Lakewood has a violent crime rate of 47 crimes per 100,000 residents which is far lower than the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Lakewood has an unemployment rate of 0.4% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lakewood has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.

Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lakewood. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lakewood are affordable. Median real estate prices in Lakewood come in at $715,633, which is 131.9% higher than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Lakewood, the home price to income ratio is 3.2, which is 8.6% lower than the Illinois average.

Best Places to Live in and Around Lakewood

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Compare Lakewood, IL Livability

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      Lakewood transportation information

      Statistic Lakewood Illinois National
      Average one way commute31min29min26min
      Workers who drive to work71.8%73.4%76.4%
      Workers who carpool3.1%8.3%9.3%
      Workers who take public transit6.7%9.2%5.1%
      Workers who bicycle1.3%0.6%0.6%
      Workers who walk0.0%3.1%2.8%
      Working from home15.9%4.4%4.6%
      Source: The Lakewood, IL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.