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
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
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.
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
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
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
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.
Lakewood is a small city located in the state of Illinois. The city has a population of 4,013 inhabitants. At 93%, the majority of the Lakewood population is White; this is followed by 3% Asian and 1% Black. Something to be aware of when living in Lakewood are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 31 minutes, this comes in much higher than the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the city 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. Finding the best places to live in Lakewood and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, health & safety, housing and other important metrics.
Lakewood, IL receives 64/100 for its livability score; this results in a ranking of #566 in Illinois and #12,129 in the USA. Based on the rankings for each individual category, Lakewood has been rewarded with high marks for crime (A+) and housing (A+). There are some categories that Lakewood ranks poorly for, including: amenities (F) and cost of living (F). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lakewood, the unemployment rate stands at 0.37%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing 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.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lakewood is actually affordable. The median home price for Lakewood homes is $401,900, which is 129.9% higher than the Illinois average. If we take a closer look at the affordability of homes in Lakewood, we’ll see that the home price to income ratio is 2.7, which is 10% lower than the Illinois average.
| Statistic | Lakewood | Illinois | National |
| Average one way commute | 31min | 29min | 26min |
| Workers who drive to work | 71.8% | 73.4% | 76.4% |
| Workers who carpool | 3.1% | 8.3% | 9.3% |
| Workers who take public transit | 6.7% | 9.2% | 5.1% |
| Workers who bicycle | 1.3% | 0.6% | 0.6% |
| Workers who walk | 0.0% | 3.1% | 2.8% |
| Working from home | 15.9% | 4.4% | 4.6% |
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