ZIP Code 62463

Lakewood, IL — income, home value, property tax, and sales tax.

Median household income
$58,214
Per-capita income
$33,475
Median home value
$137,100
Property tax rate
1.50%
Combined sales tax
7.25%

ZIP code 62463, centered on Lakewood, sits in middle-income territory. Households earn a median of $58,214, with per-capita income at $33,475 — enough for stability without affluence. Homes are valued at a median of $138,500, and the county-level property tax rate of 1.50% means owners pay a meaningful share of that value each year. Sales taxes add 7.25% to purchases. Taken together, the tax load here leans on earned income and everyday spending, a pattern that fits a working- and middle-class community where wages, not wealth, drive the local economy.

See how Lakewood, IL taxes stack up

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