Laketown, Springfield, IL demographics:
population, income, and more

Total population
3,662
-0.1% year-over-year change
Median household income
$77,594/yr
1.2% year-over-year change
Housing units
1,826
0.8% year-over-year change

Laketown population

How many people live in Laketown

Laketown is home to 3,662 residents, according to the most recent Census data. Gender-wise, 48.6% of Laketown locals are male, and 51.4% are female.

Total population
3,662
-0.1% year-over-year change
Gender ratio
Male
48.6%
1,778
Female
51.4%
1,884
Value Percent YoY change
Male 1,778 48.6% -0.9%
Female 1,884 51.4% 0.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Laketown is 43, with the population distributed as follows: about 16.1% are children under 15, then 14.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.7% of the population, while another 23.8% fall into the 45 to 64 bracket. Finally, around 18.4% are 65 or older.

Median age
43
Age breakdown
Under 15
16.1%
15 to 24
14.9%
25 to 44
26.7%
45 to 64
23.8%
Over 65
18.4%
Value Percent YoY change
Under 15 591 16.1% -0.7%
15 to 24 547 14.9% -0.4%
25 to 44 979 26.7% 1.9%
45 to 64 870 23.8% -1.6%
Over 65 674 18.4% -0.4%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Laketown, 95.4% of the population are US-born citizens, while 2.4% have gained naturalized citizenship. At the same time, 2.2% of residents are non-citizens. As for race, 58.2% of locals are Caucasian, 31.1% are African American and 1.5% have Asian roots. There’s also a share of 6.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
95.4%
Non-U.S.-born citizens
2.4%
Non-citizens
2.2%
Value Percent YoY change
U.S.-born citizens 3,494 95.4% -0.8%
Non-U.S.-born citizens 87 2.4% 3.6%
Non-citizens 81 2.2% 37.3%
Racial breakdown
White
58.2%
Black or African American
31.1%
American Indian and Alaska Native
0%
Asian
1.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.6%
Other
2.6%
Value Percent
White 2,129 58.2%
Black or African American 1,139 31.1%
American Indian and Alaska Native 1 0%
Asian 54 1.5%
Two or more races 242 6.6%
Other 96 2.6%

Households in Laketown

A peek inside Laketown households

Laketown has 1,563 households, with an average of 2 members in each. Of these, 52.7% are families, while the remaining 47.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,563
-0.8% year-over-year change
Average people per household
2
Non-family households
739
Family households
824
Value Percent YoY change
Non-family households 739 47.3% -2.2%
Family households 824 52.7% 0.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Laketown

The housing landscape of Laketown

Laketown's housing consists of 1,826 units, with 74.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.9% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 2.9% of the housing landscape.

Housing units
1,826
0.8% year-over-year change
Housing types
Value Percent
1 unit, detached 1,354 74.1%
1 unit, attached 89 4.9%
2 units 37 2%
3 or 4 units 49 2.7%
5 to 9 units 88 4.8%
10 to 19 units 59 3.2%
20 to 49 units 15 0.8%
50 or more units 82 4.5%
Mobile home 53 2.9%
Boat, RV, van, etc. 1 0%
Homes built since 2020
1
% year-over-year change

The age of buildings in Laketown

In Laketown, the median construction year is 1977. About 21.9% of homes were built before the 1940s, with another 11% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 400 21.9% -4.3%
Built between 1940 and 1949 202 11% -2.9%
Built between 1950 and 1959 258 14.1% -4.4%
Built between 1960 and 1969 229 12.5% 5.0%
Built between 1970 and 1979 298 16.3% 5.7%
Built between 1980 and 1989 126 6.9% 12.5%
Built between 1990 and 1999 162 8.9% -3.6%
Built between 2000 and 2009 116 6.4% 6.4%
Built between 2010 and 2019 36 2% 33.3%
Built in 2020 or later 1 0% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Laketown occupancy rates

Out of the 1,563 occupied housing units in Laketown, 60.2% are owner-occupied, while 39.8% are lived in by tenants. Meanwhile, 14.4% of all homes on the local market sit vacant.

Occupied housing units
1,563
-0.8% year-over-year change
Occupancy breakdown
Renter occupied
622
Owner occupied
941
Value Percent YoY
change
Renter occupied 622 39.8% -4.9%
Owner occupied 941 60.2% 2.2%
Unoccupied housing units
14.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Laketown housing costs

Housing costs in Laketown come to a median of $1,104 per month, while tenants specifically pay a median gross rent of $1,056.

Median housing costs per month
$1,104/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Laketown
$1,056/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Laketown

Laketown education at a glance

About 44% of the population in Laketown went to high school, while 23.3% pursued college studies. Another 7.5% earned an associate degree and 14.3% hold a bachelor’s. Meanwhile, 7.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 84 2.9% -18.4%
High school diploma 1,289 44% 1.2%
College diploma 684 23.3% -3.1%
Associate degree 221 7.5% -2.6%
Bachelor's degree 420 14.3% 10.5%
Graduate degree 232 7.9% 2.6%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Laketown

How much people earn in Laketown

The average annual household income in Laketown was $86,507 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -2.3% change from the previous year. At the same time, the median income stood at $77,594, reflecting a +1.2% shift over the same period.

Average household income in Laketown
$86,507/year
-2.3% year-over-year change
Median household income in Laketown
$77,594/year
1.2% year-over-year change

Laketown income by age

In Laketown, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $81,804. Those with someone between 45 and 64 in charge, often well established professionally, earn $97,449 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $23,506, while those led by someone over 65, many of whom may be retired, have about $68,469 in earnings. Overall, 74% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $23,506 2.1%
25 - 44 $81,804 2.9%
45 - 64 $97,449 14.6%
Over 65 $68,469 -3.7%
Above poverty level
2,518
Below poverty level
886
Value Percent YoY
change
Above poverty level 2,518 74% -2.7%
Below poverty level 886 26% 7.3%

Employment in Laketown

Workforce and job types in Laketown

82.2% of the working population are employed in professional or administrative positions, while 17.8% are in hands-on or service-based jobs. Also, 5.9% run their own businesses, 58.6% are employed by private companies, and 25.1% work in the public sector.

Workforce demographics

White collar
1,221
Blue collar
265
Value Percent YoY change
White collar 1,221 82.2% -1.9%
Blue collar 265 17.8% -7.0%
Employer type
Self employees
5.9%
Private companies
58.6%
Governmental workers
25.1%
Not for profit companies
10.4%
Value Percent YoY change
Self employees 87 5.9% -16.4%
Private companies 870 58.6% -7.0%
Governmental workers 373 25.1% 6.9%
Not for profit companies 155 10.4% 9.2%

Transportation in Laketown

How people get around in Laketown

Commuting methods vary: 93.8% of residents travel by personal vehicle and 3.1% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,167 93.8% -3.3%
Taxicab 13 1% 0.0%
Bus or trolleybus 21 1.7% -50.0%
Bicycle 4 0.3% -33.3%
Walk 39 3.1% 30.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Laketown by zipcode?

Zipcode Population Number of households Median income Average income
62703 28,922 12,316 $45,009 $62,670
62712 10,045 4,382 $110,179 $136,594

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FAQs about Laketown demographics 

What is the total population of Laketown?

Laketown has a total population of 3,662 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.1% compared to a year ago.

What is the gender ratio in Laketown?

The gender ratio in Laketown is as follows:
  • 48.6% males (1,778 residents)
  • 51.4% females (1,884 residents)

What is the median age in Laketown?

The median age in Laketown is 43.

What is the age distribution of the population in Laketown?

The age distribution in Laketown is as follows:
  • Under 15: 16.1% (591 residents)
  • Ages 15-24: 14.9% (547 residents)
  • Ages 25-44: 26.7% (979 residents)
  • Ages 45-64: 23.8% (870 residents)
  • Over 65: 18.4% (674 residents)

What is the racial and ethnic makeup of Laketown?

The racial and ethnic makeup of Laketown is as follows:
  • White: 58.2% (2,129 residents)
  • Black or African American: 31.1% (1,139 residents)
  • American Indian and Alaska Native: 0% (1 residents)
  • Asian: 1.5% (54 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 6.6% (242 residents)
  • Other: 2.6% (96 residents)

What percentage of the population in Laketown are U.S.-born citizens?

U.S.-born citizens represent 95.4% of the population in Laketown.

How many housing units are there in Laketown?

There are 1,826 housing units in Laketown, reflecting a +0.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Laketown and what is the average household size?

Laketown has a total of 1,563 households, with an average of 2 people in each.

What is the median household income in Laketown?

Laketown has a median household income of $77,594, representing a +1.2% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Laketown?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 82.2% (1,221 residents)
  • Blue-collar workers: 17.8% (265 residents)

Places of employment:
  • Self-employed: 5.9% (87 residents)
  • Private companies: 58.6% (870 residents)
  • Governmental workers: 25.1% (373 residents)
  • Not-for-profit companies: 10.4% (155 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025