La Paz, IN
Population 498 · Indiana
About La Paz, IN
La Paz is a small community located in Indiana with a population of 498 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,750 per year, which is 1% above the national median of $75,149. The median age of 44.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in La Paz features a median home value of $121,900, which is 50% below the national median of $244,900. This makes La Paz one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $634, 45% below the national average of $1,163/month. Of the 262 total housing units, 90% are owner-occupied (197 units) and 10% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in La Paz shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in La Paz have an average one-way commute time of 27.1 minutes.
Education & Demographics
7.0% of La Paz residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.6% White, 0.2% Hispanic or Latino, 0.4% Black or African American, and 7.6% Asian residents, with 2.4% of the population being foreign-born.
How La Paz Ranks in Indiana
Cost of Living in La Paz, IN
Compared to national averages, La Paz has a median household income of $75,750 (1% above the national median of $75,149). Home values average $121,900, which is 50% below the national median. Monthly rent at $634 is 45% below the US average of $1,163. Within Indiana, La Paz's income is 9% above the state average of $69,330, and home values are 25% below the state median of $163,409.
Why Live in La Paz, IN?
La Paz offers a strong local economy with a median household income of $75,750, well above the national average, and affordable housing with a median home value of $121,900, below the US average of $244,900, and rent that’s lower than the national average at $634/month. Additionally, the city features a strong job market with an unemployment rate of just 3.6%.
La Paz has a population of 498 with a median age of 44.8 years. Compare La Paz with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near La Paz
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Snow Lake | 497 | $78,333 | $425,000 | Compare |
| Reo | 502 | $98,586 | $172,100 | Compare |
| Spring Grove | 492 | $55,804 | $133,300 | Compare |
| Arlington | 491 | $49,241 | $137,800 | Compare |
| Hanna | 490 | $37,625 | $168,000 | Compare |
| San Pierre | 489 | $62,750 | $190,800 | Compare |
| Elnora | 487 | $48,750 | $90,500 | Compare |
| Greens Fork | 509 | $70,962 | $93,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare La Paz With Other Cities
Frequently Asked Questions about La Paz
What is the population of La Paz, IN?
The population of La Paz, IN is 498 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in La Paz?
The median household income in La Paz, IN is $75,750 per year, which is 1% above the national median of $75,149.
What is the median home value in La Paz?
The median home value in La Paz, IN is $121,900, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in La Paz?
The median monthly rent in La Paz, IN is $634, which is 45% below the national average of $1,163/month.
What is the unemployment rate in La Paz?
The unemployment rate in La Paz, IN is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is La Paz, IN a good place to live?
La Paz offers above-average incomes, affordable housing, and a strong job market. With a population of 498 and a median age of 44.8, the city appeals to a broad range of residents.
How educated is La Paz, IN?
7.0% of residents in La Paz aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in La Paz?
Key cost-of-living indicators for La Paz, IN: median home value is $121,900 (50% below national), median rent is $634/month, and median household income is $75,750. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in La Paz?
The poverty rate in La Paz, IN is 18.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is La Paz, IN?
La Paz's population is 0.6% White, 0.2% Hispanic or Latino, 0.4% Black or African American, 7.6% Asian, and 0.0% two or more races. 2.4% of residents are foreign-born.