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EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Lakewood, IL

Thriving overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as unavailable for a median-income household.

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Overall score69out of 100
Compare
71
48
100
NA
83

Population

4,707

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$16.0B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

48

4.9%

Unemployment is 4.9% for June 2026.

Vintage date unknown

State avg5.1%
U.S. avg4.2%

Population

+17.3% 5-year

100

4,707

Population moved +17.3% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.0K per resident

83

$1.9B

$1.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.9B

$6.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.6B
2. Department of Veterans Affairs$135.8M
3. Department of Transportation$37.3M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$37.5M
2. REDACTED DUE TO PII$10.2M
3. PROALLIANCE CORP$9.5M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$173,625
Median home value$552,600

ACS context

Quick Facts

Population

4,707

Median age

42.9

Bachelor's degree+

61.3%

Poverty rate

3.5%

Labor force participation

68.1%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+3.2%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
20204,013
20214,489
20224,698
20234,699
20244,707
GDP (5 years)
2020$11.8B
2021$13.3B
2022$14.4B
2023$15.3B
2024$16.0B

2-year linear forecast

Predictive Outlook

Population forecast

20244,707
20255,001 *
20265,160 *

R² = 71.6% · * projected

GDP forecast

2024$16.0B
2025$17.3B *
2026$18.3B *

R² = 97.9% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$173,625/yr
Est. mortgage (30yr, 6.5%)$33,531/yr
Mortgage share of income19.3%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.9%
State avg5.1%
U.S. avg4.2%
Labor force participation68.1%
Poverty rate3.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$552,600

composite score

Investment Climate

Investment climateStrong
Composite score71/100
Economic growth71/100
Labor market48/100
Population momentum100/100
Overall stability69/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Lakewood village, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Crystal Lake, ILRidgefield, ILLake in the Hills, ILHuntley, ILAlgonquin, IL