Lakewood, IL — income, home value, property tax, and sales tax.
In ZIP code 62438, near Lakewood, households bring in a median of $71,786 a year, with per-capita income at $43,171. A home priced at the median value of $218,400 would carry roughly $3,276 in annual property taxes at the county's 1.50% rate, a figure worth weighing against monthly earnings. Add the 7.25% combined sales tax on everyday purchases, and daily spending chips away at what's left after housing costs. The gap between total household earnings and per-person income also hints that many homes here hold more than one earner.
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