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CITY · 2010 ACS

Laketon

Indiana · 623 residents · 1.054 sq mi
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The short version

Laketon has notably lower household income than the US average, with a median household income of $34,706. Population has grown 18% since 2011. 10% of adults hold a bachelor's degree or higher, below the national rate of 28%. Median home value is $67,900. The poverty rate of 39.2% is well above the national figure. Households here earn about 27% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 40.6
US median: 37.2
Less educated
10% hold a bachelor's degree
US average: 28%
More affordable
home values down 12%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
623
+18%vs 2011
vs 527 in 2011
2010 – 2024
Population density
591 / sq mi
+18%vs 2011
vs 500 / sq mi in 2011
US average: 261
Median age
40.6
−4%vs 2011
vs 42.3 in 2011
US average: 37.2
Population, 2010 – 2024
261360459557656201020202024Laketon
2024460
201020202024
Section 02

Income & economy

Median household income
$34,706
−11%inflation adjusted, since 2011
vs $40,357 in 2011
US average: $52,703
2010 – 2024
Per capita income
$16,083
−3%vs 2011
vs $16,524 in 2011
US average: $27,286
Households earning $100K+
3.6%
−1.1 ptsvs 2011
vs 4.7% in 2011
US average: 33.3%
Poverty rate
39.2%
−0.6 ptsvs 2011
vs 39.8% in 2011
US average: 13.8%
Income inequality (Gini)
0.328
+3%vs 2011
vs 0.317 in 2011
US average: 0.461
Workforce by industry, 2010
Wholesale trade20.4%
US avg: 7.2%
Retail trade17.3%
US avg: 10.9%
Information13%
US avg: 11.5%
Agriculture, forestry, fishing6.8%
US avg: 1.9%
Construction6.8%
US avg: 1.4%
Arts, entertainment, food6.8%
US avg: 2.4%
Finance & insurance4.3%
US avg: 5.1%
Education & health services4.3%
US avg: 0.9%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 3.1%
Professional, scientific, technical0%
US avg: 4.2%
Other services0%
US avg: 7%
Public administration0%
US avg: 4.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$67,900
−12%inflation adjusted, since 2011
vs $79,700 in 2011
US average: $225,659
2010 – 2024
Median gross rent
$639
+1%inflation adjusted, since 2011
vs $653 in 2011
US average: $853
Owner-occupied
53.2%
−29.3 ptsvs 2011
vs 82.5% in 2011
19.0% rent
Vacancy rate
10.2%
+0.9 ptsvs 2011
vs 9.3% in 2011
US average: 12.1%
Owner cost-burdened
15.9%
−7.4 ptsvs 2011
vs 23.3% in 2011
US average: 30.9%
Renter cost-burdened
41.9%
+12.7 ptsvs 2011
vs 29.3% in 2011
US average: 46.8%
Afford Score
2.0
−1%vs 2011
vs 2.0 in 2011
2010 – 2024
RELATED:See current rent listings in Laketon on RentDataNow
Section 04

Race & ethnicity

2011
White, non-Hispanic90.5%(477)
Black0%(0)
Hispanic / Latino8.7%(46)
Asian0%(0)
Other0.8%(4)
Diversity Score21.6%(114)
2010
White, non-Hispanic94.7%(590)
Black1.3%(8)
Hispanic / Latino1.9%(12)
Asian0%(0)
Other1.3%(8)
Diversity Score11.1%(69)
Diversity Score
11
−49%vs 2011
vs 22 in 2011
2010 – 2024
Section 05

Education

Bachelor's degree or higher
10.5%
+2.3 ptsvs 2011
vs 8.2% in 2011
US average: 27.9%
High school or higher
90.2%
+9.6 ptsvs 2011
vs 80.6% in 2011
US average: 84.9%
Graduate degree
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 10.2%
Section 06

Commute & transportation

Average commute
21.2 min
+10%vs 2011
vs 19.4 min in 2011
US average: 25.2
Drive alone to work
77.9%
−1.5 ptsvs 2011
vs 79.4% in 2011
US average: 76.2%
Carpooled to work
16.9%
+1.5 ptsvs 2011
vs 15.4% in 2011
US average: 10.4%
Public transit
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.7%
Worked from home
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.1%
Walked to work
5.2%
+0.1 ptsvs 2011
vs 5.1% in 2011
US average: 2.8%
Biked to work
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 0.5%
No vehicle available
5.9%
+0.8 ptsvs 2011
vs 5.1% in 2011
US average: 8.7%
Section 07

Work & employment

Self-employed
30.2%
+11.0 ptsvs 2011
vs 19.3% in 2011
US average: 12.9%
Management & professional
32.1%
+9.7 ptsvs 2011
vs 22.4% in 2011
US average: 35.2%
Section 08

People & community

Male
45.5%
−3.1 ptsvs 2011
vs 48.6% in 2011
Female
54.5%
+3.1 ptsvs 2011
vs 51.4% in 2011
Foreign born
0.0%
−4.6 ptsvs 2011
vs 4.6% in 2011
US average: 12.8%
Veterans
23.8%
+2.3 ptsvs 2011
vs 21.5% in 2011
US average: 9.9%
Drill deeper

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Head to head

Compare Laketon to nearby cities

LAKETON VS
Wabash
Income$53,410+54%
Home value$116,500+72%
Population10,190+2115%
SEE FULL COMPARISON →
LAKETON VS
Warsaw
Income$61,035+76%
Home value$181,200+167%
Population16,130+3407%
SEE FULL COMPARISON →
LAKETON VS
Huntington
Income$56,520+63%
Home value$119,500+76%
Population17,167+3632%
SEE FULL COMPARISON →
LAKETON VS
Peru
Income$46,159+33%
Home value$92,500+36%
Population10,962+2283%
SEE FULL COMPARISON →
Frequently asked

How many people live in Laketon, Indiana?

Laketon, Indiana has about 623 residents according to the 2010 American Community Survey.

What is the median household income in Laketon, Indiana?

The typical household in Laketon, Indiana earns about $34,706 a year. Half of households make more than that, and half make less.

Is Laketon, Indiana expensive?

In Laketon, Indiana, the median home is worth about $67,900, and the typical rent is about $639 a month.

How educated are people in Laketon, Indiana?

About 10.5% of adults age 25 and over in Laketon, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Laketon, Indiana?

About 39.2% of people in Laketon, 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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