Living in Laketon, Indiana
Cost of living, income, home prices, rent and demographics of Laketon · Census data 2020–2024
Laketon has 460 residents with a median age of 57.8. The median household income is $60,104 (16% lower than the Indiana median), the median home value is $162,500.
Laketon is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Laketon at a glance
- Population
- 460
- Median age
- 57.8State: 38.1
- Median household income
- $60,104State: $71,957
- Median home value
- $162,500State: $218,200
- Homeowners
- 90.4%
- Bachelor's degree or higher
- 2.3%
- Average commute
- 29 min
Is Laketon a good place to live?
Pros: Home values 26% lower than the state median; a poverty rate of 9.3%.
Cons: Median household income 16% lower than the Indiana median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Laketon
Housing is the biggest part of the cost of living. In Laketon the median home value is $162,500, 51% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,068 a month in housing costs.
Laketon median household income
The median household income in Laketon is $60,104 and the income per person is $43,562. 9.3% of residents live below the poverty line (Indiana: 12.3%).
Housing in Laketon: homes for sale and rent
- Housing units
- 303
- Owner-occupied
- 90.4%
- Renter-occupied
- 9.6%
- Vacant
- 27.7%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.10
Laketon demographics
- Population
- 460
- Median age
- 57.8
- Under 18
- 9.1%
- 65 and older
- 25%
- Households
- 219
- Foreign-born
- 0%
- Veterans
- 18.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Laketon ›
Education in Laketon
2.3% of adults 25 and older in Laketon have a bachelor's degree or higher (Indiana: 29.5%), and 0% have a graduate or professional degree.
Jobs and commute in Laketon
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 0%
- Drive alone
- 93.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.6%
Laketon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Laketon | 460 | $60,104 | $162,500 | — |
| North Manchester | 4,819 | $61,296 | $138,200 | $660 |
| Urbana | 116 | $37,829 | $98,900 | — |
| Roann | 479 | $58,542 | $95,900 | $825 |
| Liberty Mills | 139 | $60,962 | $46,800 | — |
| Silver Lake | 857 | $55,272 | $112,000 | $1,158 |
| Sidney | 123 | $50,250 | $118,800 | $1,188 |
| Akron | 954 | $58,636 | $136,300 | $929 |
| Claypool | 318 | $60,417 | $110,800 | $1,098 |
More for people moving to Laketon
Laketon ZIP code ›Weather and climate ›Living in Laketon: FAQ
What is the median household income in Laketon, IN?
The median household income in Laketon is $60,104, 16% 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 Laketon?
The median home value in Laketon is $162,500, compared with $218,200 in Indiana.
Is Laketon, IN a good place to live?
Pluses: home values 26% lower than the state median; a poverty rate of 9.3%. Minuses: median household income 16% lower than the Indiana median; an average commute of 29 minutes.
What is the median age in Laketon?
The median age in Laketon is 57.8 years (Indiana: 38.1).
How long is the commute in Laketon?
The average commute to work in Laketon is 29 minutes; 0% of workers work from home.
What is the unemployment rate in Laketon?
The unemployment rate in Laketon is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Laketon?
2.3% of adults in Laketon 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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