Lakewood-Balmoral, a neighborhood in Chicago, Illinois, is characterized as a White Majority community with Moderate Diversity as of 2022. The white population comprises 71% of residents, with Hispanic (10%) and multiracial (8%) groups representing significant minorities. The neighborhood's median income of $82,801 in 2022 indicates an upper-middle-class economic status. Lakewood-Balmoral is notable for its historic district featuring early 20th-century homes.

Over the past decade, Lakewood-Balmoral has maintained its White Majority status, with fluctuations in diversity levels. In 2013, the neighborhood exhibited Higher Diversity, with white residents at 61% and substantial Asian (13%) and Hispanic (15%) populations. From 2014 to 2016, diversity decreased, with the white population increasing to 74% by 2016. This trend reversed slightly in subsequent years, with Hispanic population growth and Asian population decline, leading to a Moderate Diversity classification by 2022. Recent data shows an increase in the multiracial category from 1% in 2020 to 8% in 2022.

The median income in Lakewood-Balmoral has fluctuated while remaining generally high. During periods of higher diversity (2013-2015), median incomes peaked at $96,688 in 2015. As the white majority increased (2016-2019), incomes initially decreased but then stabilized around $90,000-$95,000. Recent years (2020-2022) have seen more income volatility, coinciding with increased Hispanic representation and growth in the multiracial category. The population has remained stable at approximately 1,800-1,900 residents throughout this period.