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CITY

Lake

Indiana · 705 residents · 3.944 sq mi
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The short version

Lake has roughly average household income, with a median household income of $85,078. Population has fallen 18% since 2000, a loss of 150 residents. 15% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $250,500. With a median age of 59.3, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 59.3
US median: 38.9
Less educated
15% hold a bachelor's degree
US average: 36%
Less affordable
home values up 41%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
705
−18%since 2000
from 855 in 2000
2000 – 2024
Population density
179 / sq mi
−18%since 2000
from 217 / sq mi in 2000
US average: 281
Median age
59.3
+75%since 2000
from 33.9 in 2000
US average: 38.9
Population, 2000 – 2024
5015976947918872000201020202024Lake
2024705
2000201020202024
Section 02

Income & economy

Median household income
$85,078
+18%inflation adjusted, since 2000
from $39,474 in 2000
US average: $82,259
2000 – 2024
Per capita income
$37,497
+117%since 2000
from $17,280 in 2000
US average: $44,673
Households earning $100K+
59.7%
+37.3 ptssince 2009
from 22.3% in 2009
US average: 53.3%
Poverty rate
19.1%
+14.0 ptssince 2000
from 5.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.414
+100%since 2010
from 0.207 in 2010
US average: 0.476
Workforce by industry, 2024
Information34%
US avg: 10.8%
Retail trade25.2%
US avg: 9.9%
Wholesale trade8%
US avg: 6.9%
Transportation & warehousing3.1%
US avg: 2.2%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$250,500
+41%inflation adjusted, since 2000
from $97,400 in 2000
US average: $376,019
2000 – 2024
Owner-occupied
77.8%
−2.3 ptssince 2000
from 80.1% in 2000
22.2% rent
Vacancy rate
3.3%
+3.3 ptssince 2009
from 0.0% in 2009
US average: 10.0%
Owner cost-burdened
40.9%
+23.2 ptssince 2009
from 17.7% in 2009
US average: 22.9%
Renter cost-burdened
100.0%
+100.0 ptssince 2010
from 0.0% in 2010
US average: 47.4%
Afford Score
2.9
+19%since 2000
from 2.5 in 2000
2000 – 2024
Gentrification Score
67
RELATED:See current rent listings in Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.6%(792)
Black0.1%(1)
Hispanic / Latino3.7%(32)
Asian0.2%(2)
Other0%
Diversity Score10.2%(87)
2024
White, non-Hispanic85.5%(603)
Black0%(0)
Hispanic / Latino14.5%(102)
Asian0%(0)
Other0%(0)
Diversity Score30.9%(218)
Diversity Score
31
+204%since 2000
from 10 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
15.5%
+10.7 ptssince 2000
from 4.8% in 2000
US average: 35.6%
High school or higher
97.5%
+21.1 ptssince 2000
from 76.4% in 2000
US average: 89.6%
Graduate degree
2.5%
+2.5 ptssince 2000
from 0.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
44.3 min
+40%since 2000
from 31.7 min in 2000
US average: 26.5
Drive alone to work
80.7%
−10.0 ptssince 2009
from 90.6% in 2009
US average: 68.9%
Carpooled to work
0.0%
−2.9 ptssince 2009
from 2.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
19.3%
+16.9 ptssince 2009
from 2.4% in 2009
US average: 15.0%
Walked to work
0.0%
−4.0 ptssince 2009
from 4.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
−8.9 ptssince 2011
from 8.9% in 2011
US average: 5.2%
Labor force participation
49.3%
−23.5 ptssince 2011
from 72.8% in 2011
US average: 63.5%
Self-employed
11.7%
+2.5 ptssince 2009
from 9.1% in 2009
US average: 13.1%
Management & professional
16.0%
−42.0 ptssince 2009
from 57.9% in 2009
US average: 42.5%
Section 08

People & community

Male
54.8%
+7.8 ptssince 2009
from 46.9% in 2009
Female
45.2%
−7.8 ptssince 2009
from 53.1% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
14.2%
−31.4 ptssince 2009
from 45.6% in 2009
US average: 6.2%
With a disability
36.2%
+18.8 ptssince 2012
from 17.4% in 2012
US average: 13.3%
Uninsured
0.0%
−82.1 ptssince 2013
from 82.1% in 2013
US average: 8.4%
Broadband at home
77.3%
−8.2 ptssince 2017
from 85.5% in 2017
US average: 91.0%
English only at home
100.0%
Unchangedsince 2016
from 100.0% in 2016
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2016
from 0.0% in 2016
US average: 13.6%
Drill deeper

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Compare Lake to nearby cities

LAKE VS
Lowell
Income$84,024−1%
Home value$248,000−1%
Population11,853+1581%
SEE FULL COMPARISON →
LAKE VS
Cedar Lake
Income$83,381−2%
Home value$282,000+13%
Population16,789+2281%
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LAKE VS
Crown Point
Income$101,686+20%
Home value$294,800+18%
Population35,616+4952%
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LAKE VS
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Income$67,420−21%
Home value$173,400−31%
Population15,214+2058%
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Frequently asked

How many people live in Lake, Indiana?

Lake, Indiana has about 705 residents according to the 2024 American Community Survey.

What is the median household income in Lake, Indiana?

The typical household in Lake, Indiana earns about $85,078 a year. Half of households make more than that, and half make less.

Is Lake, Indiana expensive?

In Lake, Indiana, the median home is worth about $250,500.

How educated are people in Lake, Indiana?

About 15.5% of adults age 25 and over in Lake, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Lake, Indiana?

About 19.1% of people in Lake, Indiana live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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