Illinois / County

Moving to Lakewood Park, IL

Thinking of making a move to Lakewood Park, IL? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Lakewood Park, IL

Considering a move to Lakewood Park, IL? This welcoming community of 7,250 residents offers a blend of suburban charm and convenience, with median home prices around $241,000 and average rents near $1,180. Commute times average 29 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (54% annually), ideal for families and commuters alike. Explore Lakewood Park's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Lakewood Park, IL

Lakewood Park has a population of 7,250 residents, offering a diverse community with a median age of nearly 40 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 72% White, 11% Black, and 3% Asian residents, and over 11% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
7,250
Density
1,750 per sq mi
Median Age
40.2
Gender Ratio
96 males per 100 females
Non-English Speakers Percentage
10.8%

Ethnic Composition

White
72.4%
Black
11.3%
Asian
2.8%
Others
13.5%

Cost Of Living

What is the average cost of living in Lakewood Park, IL?

The cost of living in Lakewood Park is higher than the national average, with a cost of living index of 95.6. Median home values are around $241,000 and average rents for a two-bedroom apartment are approximately $1,180. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$241,000
Gross Rent
$1,180
Monthly Electricity Charges
$110
Auto Insurance
$1,430
House Owner Cost With Mortgage
$1,680
House Owner Cost Without Mortgage
$590
State Taxes
Low: 4.95%| High: 4.95%
Cost Of Living Index
95.6
Grocery
97.2
Housing
89.3
Utilities
101.7
Transportation
97.8
Health Care
98.5
Miscellaneous
96.1

Crime

Is Lakewood Park, IL a safe place to live?

Lakewood Park is considered a safe community, with a low violent crime rate of 172 incidents per 100,000 residents and a property crime chance of 1 in 72. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Illinois.

Violent Crimes Per 100k
172
Property Crimes Per 100k
1,380
Crime Index
1,552
Chance Of Violent Crime
1 in 581
Chance Of Property Crime
1 in 72

Weather

What is the weather like in Lakewood Park, IL year-round?

Lakewood Park experiences four distinct seasons, with warm summers reaching highs of 83°F and cold winters dipping to 18°F. The area receives about 38 inches of rainfall annually and enjoys sunshine on 54% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
18°F
Max
32°F

Summer

Min
65°F
Max
83°F

Spring

Min
42°F
Max
65°F

Fall

Min
45°F
Max
68°F
Average Rainfall Inches
38.4 inches
Sunny Days Percentage
54%

Neighbors

The neighborhood boasts a healthy median household income of $79,200 and a low poverty rate of 7.4%. Over 93% of residents have at least a high school diploma, and nearly 31% hold a bachelor's degree or higher. Commute times average 29 minutes, and almost 3% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$37,500
Household Income
$79,200
Family Income
$87,400
Per Capita Income
$36,900
Income Male
$44,800
Income Female
$39,500
Poverty Rate
7.4%
Non English Speakers
10.8%
Rent
$1,180
Unemployment Rate
4.7%
Public Transport Usage
3.2%
Commute Time
28.9 minutes

Education

High School or Higher
92.9%
Bachelors or More
30.8%

Education

How are the schools in Lakewood Park, IL?

Lakewood Park offers quality education options, with public schools like Lakewood Park Elementary School and Lakewood Park Middle School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Harper College and College of Lake County. The community is committed to educational excellence for all age groups.

Public Schools

Name
Lakewood Park Elementary School
Street
101 Pine St
Phone
847-555-1313
Students
420
Student Teacher Ratio
15.4
Name
Lakewood Park Middle School
Street
305 Oak St
Phone
847-555-1414
Students
340
Student Teacher Ratio
14.7

Private Schools

Name
St. Mark's Academy
Street
512 Maple Ave
Phone
847-555-1515
Students
195

Colleges

Name
Harper College
City
Palatine
State
IL
Distance
11 miles
Students
13,800
Name
College of Lake County
City
Grayslake
State
IL
Distance
19 miles
Students
14,500

Healthcare

Lakewood Park residents have access to quality healthcare, with major hospitals like Lakewood Park Community Hospital and Mercy Medical Center nearby. The community benefits from a high physician-to-resident ratio of 2.2 per 1,000 people and 92.1% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Lakewood Park Community Hospital
Address
201 Main St, Lakewood Park, IL 60000
Phone
(847) 555-1122
Type
General & Surgical
Emergency Services
Yes
Name
Mercy Medical Center
Address
406 Oak Ave, Lakewood Park, IL 60000
Phone
(847) 555-2211
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.2
Health Insurance Coverage
92.1%
Health Care Index
77.4

Housing Market

What is the housing market like in Lakewood Park, IL?

The local housing market is strong, with a median home price of $241,000 and an owner-occupied rate of nearly 68%. The market has seen a 4.1% appreciation over the past year, and rental vacancy rates remain moderate at 6.7%. Lakewood Park offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$241,000
Average Rent For 2 Bedroom
$1,180
Owner Occupied Rate
68.4%
Rental Vacancy Rate
6.7%
Home Appreciation Rate (1yr)
4.1%
New Construction Rate
1.2%
Foreclosure Rate
0.7%

DMV Information

Residents of Lakewood Park handle vehicle services through the Illinois Secretary of State Driver Services Facility, conveniently located in Chicago. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Illinois
Department
Illinois Secretary of State Driver Services Facility
Address
122 S. Michigan Ave, Chicago, IL 60603
Phone
1-800-252-8980

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Lakewood Park, IL

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Lakewood Park, review the core fields on this page: population 7,250, median home value $241,000, average rent for 2 bedroom $1,180, commute time 28.9 minutes, and sunny days percentage 54%.

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