Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Lakewood, Illinois (zip code 62438) is characterized by low diversity, with racial data for 2022 showing a 100% white population. The community has a population of 464 as of 2022, with a median income of $63,177, placing it in a middle-income bracket for the United States.
From 2013 to 2022, Lakewood maintained a white majority, with the white population constituting 100% of the total population each year. This indicates an extremely low level of racial diversity and no significant demographic shifts over the past decade. The community has remained in the low diversity category throughout this period, showing no transition towards increased racial diversity.
The community has experienced notable fluctuations in median income. From 2013 to 2017, there was a steady decline in median income from $62,837 to $46,246, a decrease of about 26%. From 2017 to 2021, there was a significant increase in median income, peaking at $86,459 in 2021, an increase of about 87% from the 2017 low. In 2022, the median income dropped again to $63,177, which is close to the 2013 level.
The population has also fluctuated over the years. It decreased from 430 in 2013 to a low of 347 in 2016. Since then, it has generally increased, reaching 464 in 2022. These population changes have not been accompanied by changes in racial diversity.
The lack of racial diversity in Lakewood is unusual compared to national trends, which have shown increasing diversity in many communities across the United States over the past decade. The economic fluctuations, particularly the sharp increase in median income from 2017 to 2021, followed by a significant drop in 2022, may reflect local economic factors or changes in the composition of households in this small community.
The median income of $63,177 in 2022 is close to the national median household income, which was about $70,784 in 2021. This suggests that despite its lack of racial diversity, Lakewood is economically representative of the average American community.
Lakewood presents a case of economic variability within a racially homogeneous community. While many areas in the U.S. have experienced increasing racial diversity alongside economic changes, Lakewood has maintained its racial composition while undergoing significant economic fluctuations. This stability in racial demographics coupled with economic volatility could be a subject for further study to understand the unique factors influencing this community.