B

Lakewood, IL

Source:

Affordability Score: 70/100

Population: 433 · 1 ZIP codes

The affordability dashboard for Lakewood, IL aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 433 residents, then layers in county-level federal data to produce an overall grade of B (70/100). The headline inputs are median household income of $71,786, median home value of $218,400, median rent of per month, and 39.7% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $951 per month (studio $656, 1BR $789, 3BR $1,140, 4BR $1,435).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Lakewood, IL include rent. Unemployment currently reads 0.0% and poverty 0.0% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C
$71,786
Median household income
Education B
39.7%
Bachelor's degree or higher
Housing B-
3.0x
Home value $218,400 vs income
Commute N/A
N/A
Average commute time
Rent A
$951/mo
2BR fair market rent (16% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$71,786
▲ 16% vs national
Per Capita Income
$43,171
Unemployment Rate
0.0%
Poverty Rate
0.0%

Housing

Median Home Value
$218,400
▼ 21% vs national
Median Rent
Owner Occupied
90.0%
2BR Fair Market Rent
$951/mo
▼ 21% vs national

Fair Market Rents by Bedroom

Studio
$656
1BR
$789
2BR
$951
3BR
$1,140
4BR
$1,435

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
39.7%
▲ 10 ppt vs national
High School+
73.4%
Median Age
54.5
Avg. Commute

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

Lakewood, IL receives an overall affordability grade of B (70/100), aggregated from 1 ZIP codes with a total population of 433. This area performs well in rent. Data was unavailable for commute, safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Lakewood ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Lakewood, IL affordable?
Lakewood, IL receives an overall affordability grade of B (70/100) based on Census, HUD, FBI, and DOL data. Median household income is $71,786. Median home value is $218,400.
What is the cost of living in Lakewood?
Key cost metrics: 2BR fair market rent $951/mo. Median home value $218,400.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →