Living in Lake Station, Indiana
Cost of living, income, home prices, rent and demographics of Lake Station · Census data 2020–2024
Lake Station has 13,185 residents with a median age of 33.5. The median household income is $59,591 (17% lower than the Indiana median), the median home value is $137,400, the median rent is $1,124/month.
Lake Station at a glance
- Population
- 13,185
- Median age
- 33.5State: 38.1
- Median household income
- $59,591State: $71,957
- Median home value
- $137,400State: $218,200
- Median rent
- $1,124/moState: $1,062
- Homeowners
- 72%
- Bachelor's degree or higher
- 7.4%
- Average commute
- 27 min
Is Lake Station a good place to live?
Pros: Home values 37% lower than the state median.
Cons: Median household income 17% lower than the Indiana median; an average commute of 27 minutes; unemployment of 16.3%; a poverty rate of 15.4%.
The weather is best in June to September.
Cost of living in Lake Station
Housing is the biggest part of the cost of living. In Lake Station the median home value is $137,400, 59% lower than the U.S. median. Renters pay a median of $1,124 per month, which is 29.1% of household income. Homeowners with a mortgage pay $1,187 a month in housing costs.
Lake Station median household income
The median household income in Lake Station is $59,591 and the income per person is $26,896. 15.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Lake Station: homes for sale and rent
- Housing units
- 4,947
- Owner-occupied
- 72%
- Renter-occupied
- 28%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.78
Lake Station demographics
- Population
- 13,185
- Median age
- 33.5
- Under 18
- 25.5%
- 65 and older
- 12.5%
- Households
- 4,694
- Foreign-born
- 9.8%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Station ›
Education in Lake Station
7.4% of adults 25 and older in Lake Station have a bachelor's degree or higher (Indiana: 29.5%), and 1.9% have a graduate or professional degree.
Jobs and commute in Lake Station
- Unemployment rate
- 16.3%State: 4.3%
- Average commute
- 27 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 85.3%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 91.2%
Lake Station vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Station | 13,185 | $59,591 | $137,400 | $1,124 |
| New Chicago | 2,225 | $57,313 | $134,100 | $1,141 |
| Portage | 38,082 | $76,276 | $224,200 | $1,231 |
| Hobart | 29,558 | $75,160 | $215,200 | $1,206 |
| Ogden Dunes | 1,140 | $117,000 | $492,300 | — |
| Gary | 68,113 | $38,731 | $94,700 | $1,012 |
| South Haven | 7,241 | $76,003 | $178,200 | $1,297 |
| Ross | 6,751 | $54,563 | $119,100 | $1,101 |
| Burns Harbor | 2,155 | $98,500 | $241,500 | $1,458 |
More for people moving to Lake Station
Lake Station ZIP code ›Weather and climate ›Living in Lake Station: FAQ
What is the median household income in Lake Station, IN?
The median household income in Lake Station is $59,591, 17% lower 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 Lake Station?
The median home value in Lake Station is $137,400, compared with $218,200 in Indiana.
How much is rent in Lake Station?
The median gross rent in Lake Station is $1,124 per month, about 29.1% of household income.
Is Lake Station, IN a good place to live?
Pluses: home values 37% lower than the state median. Minuses: median household income 17% lower than the Indiana median; an average commute of 27 minutes; unemployment of 16.3%; a poverty rate of 15.4%.
What is the median age in Lake Station?
The median age in Lake Station is 33.5 years (Indiana: 38.1).
How long is the commute in Lake Station?
The average commute to work in Lake Station is 27 minutes; 4.4% of workers work from home.
What is the unemployment rate in Lake Station?
The unemployment rate in Lake Station is 16.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Station?
7.4% of adults in Lake Station 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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