Living in La Paz, Indiana
Cost of living, income, home prices, rent and demographics of La Paz · Census data 2020–2024
La Paz has 476 residents with a median age of 45.5. The median household income is $77,972 (8% higher than the Indiana median), the median home value is $135,300, the median rent is $698/month.
La Paz is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
La Paz at a glance
- Population
- 476
- Median age
- 45.5State: 38.1
- Median household income
- $77,972State: $71,957
- Median home value
- $135,300State: $218,200
- Median rent
- $698/moState: $1,062
- Homeowners
- 86.3%
- Bachelor's degree or higher
- 6.2%
- Average commute
- 24 min
Is La Paz a good place to live?
Pros: Median household income 8% higher than the Indiana median; home values 38% lower than the state median; an average commute of 24 minutes.
Cons: Unemployment of 4.5%; a poverty rate of 22.1%.
The weather is best in June to September.
Cost of living in La Paz
Housing is the biggest part of the cost of living. In La Paz the median home value is $135,300, 59% lower than the U.S. median. Renters pay a median of $698 per month, which is 13.3% of household income. Homeowners with a mortgage pay $1,082 a month in housing costs.
La Paz median household income
The median household income in La Paz is $77,972 and the income per person is $32,676. 22.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in La Paz: homes for sale and rent
- Housing units
- 257
- Owner-occupied
- 86.3%
- Renter-occupied
- 13.7%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.10
La Paz demographics
- Population
- 476
- Median age
- 45.5
- Under 18
- 12.6%
- 65 and older
- 33%
- Households
- 227
- Foreign-born
- 2.5%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of La Paz ›
Education in La Paz
6.2% of adults 25 and older in La Paz have a bachelor's degree or higher (Indiana: 29.5%), and 0.5% have a graduate or professional degree.
Jobs and commute in La Paz
- Unemployment rate
- 4.5%State: 4.3%
- Average commute
- 24 minState: 24 min
- Work from home
- 1.4%
- Drive alone
- 92.1%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 78%
La Paz vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| La Paz | 476 | $77,972 | $135,300 | $698 |
| Lake of the Woods | 663 | $59,464 | $254,200 | $1,059 |
| Lakeville | 735 | $62,772 | $136,500 | $797 |
| Plymouth | 10,664 | $58,623 | $131,800 | $957 |
| North Liberty | 1,775 | $75,047 | $162,100 | $960 |
| Bremen | 4,642 | $68,429 | $211,700 | $933 |
| Walkerton | 2,115 | $65,340 | $149,200 | $828 |
| Koontz Lake | 1,182 | $80,538 | $143,200 | $663 |
| Gilmer Park | 1,055 | $76,818 | $156,300 | — |
More for people moving to La Paz
La Paz ZIP code ›Weather and climate ›Living in La Paz: FAQ
What is the median household income in La Paz, IN?
The median household income in La Paz is $77,972, 8% higher than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in La Paz?
The median home value in La Paz is $135,300, compared with $218,200 in Indiana.
How much is rent in La Paz?
The median gross rent in La Paz is $698 per month, about 13.3% of household income.
Is La Paz, IN a good place to live?
Pluses: median household income 8% higher than the Indiana median; home values 38% lower than the state median; an average commute of 24 minutes. Minuses: unemployment of 4.5%; a poverty rate of 22.1%.
What is the median age in La Paz?
The median age in La Paz is 45.5 years (Indiana: 38.1).
How long is the commute in La Paz?
The average commute to work in La Paz is 24 minutes; 1.4% of workers work from home.
What is the unemployment rate in La Paz?
The unemployment rate in La Paz is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is La Paz?
6.2% of adults in La Paz have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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