Lakewood, IL — income, home value, property tax, and sales tax.
With a median household income of $79,390 in ZIP 62571, households here earn comfortably above what many working-class areas report, though per-capita income of $36,232 points to a middle-income community rather than an affluent one. Home values center around $115,600 near Lakewood, and the county's 1.50% effective property tax rate applies to that base. Sales tax adds 7.25% to purchases. Together these figures describe a place where earnings are steady but not high, housing costs stay within reach, and the tax load lands somewhere between what struggling and wealthy communities absorb.
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