Lake Station, IN
Population 13,109 · Indiana
About Lake Station, IN
Lake Station is a mid-sized city in Indiana with a population of 13,109 residents. The median household income is $56,306 per year, which is near the national average. The median age in Lake Station is 34.2 years.
Housing in Lake Station has a median home value of $124,800 and median monthly rent of $1,115. Of the 5,120 total housing units, the majority are owner-occupied, with 3,303 owner-occupied and 1,450 renter-occupied units.
The unemployment rate in Lake Station is 14.9% and the poverty rate is 16.7%. 8.7% of residents hold a bachelor's degree or higher. The average commute time is 28.5 minutes.
Cost of Living in Lake Station, IN
Compared to national averages, Lake Station has a median household income of $56,306 (25% below the national median of $75,149). Home values average $124,800, which is 49% below the national median. Monthly rent at $1,115 is 4% below the US average of $1,163. Within Indiana, Lake Station's income is 19% below the state average of $69,330, and home values are 24% below the state median of $163,409.
Why Live in Lake Station, IN?
Lake Station offers affordable housing with a median home value of $124,800, below the US average of $244,900, and rent that’s lower than the national average at $1,115/month.
Potential considerations include median household income ($56,306) that falls below the national average. However, Lake Station’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Station has a population of 13,109 with a median age of 34.2 years. Compare Lake Station with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lake Station
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Connersville | 13,241 | $45,679 | $96,300 | Compare |
| Auburn | 13,464 | $62,339 | $172,800 | Compare |
| Speedway | 13,622 | $57,158 | $209,400 | Compare |
| Bedford | 13,824 | $50,253 | $136,900 | Compare |
| Madison | 12,277 | $57,050 | $186,600 | Compare |
| Washington | 12,192 | $50,000 | $130,700 | Compare |
| Martinsville | 11,913 | $56,186 | $140,400 | Compare |
| Chesterton | 14,326 | $88,536 | $280,400 | 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.
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Frequently Asked Questions about Lake Station
What is the population of Lake Station, IN?
The population of Lake Station, IN is 13,109 according to the latest Census data.
What is the median household income in Lake Station?
The median household income in Lake Station, IN is $56,306 per year.
What is the median home value in Lake Station?
The median home value in Lake Station, IN is $124,800.
What is the average rent in Lake Station?
The median monthly rent in Lake Station, IN is $1,115.
What is the unemployment rate in Lake Station?
The unemployment rate in Lake Station, IN is 14.9%.