Lakewood is located in north Illinois. Lakewood is between the Mchenry, Shelby county. Lakewood has 3.67 square miles of land area and 0.30 square miles of water area. As of 2010-2014, the total Lakewood population is 4,411, which has grown 88.75% since 2000. The population growth rate is much higher than the state average rate of 3.62% and is much higher than the national average rate of 11.61%. Lakewood median household income is $127,764 in 2010-2014 and has grown by 14.92% since 2000. The income growth rate is much lower than the state average rate of 22.70% and is much lower than the national average rate of 27.36%. Lakewood median house value is $387,200 in 2010-2014 and has grown by 35.91% since 2000. The house value growth rate is about the same as the state average rate of 34.33% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Lakewood is much better than the state average in quality. The Lakewood area code is 217.