Laketon, IN
Population 532 · Indiana
About Laketon, IN
Laketon is a small community located in Indiana with a population of 532 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,750 per year, which is 5% 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 Laketon features a median home value of $196,700, which is 20% below the national median of $244,900. This positions Laketon in a moderately priced market relative to the rest of the country. Median monthly rent is $1,021, 12% below the national average of $1,163/month. Of the 314 total housing units, 78% are owner-occupied (179 units) and 22% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Laketon shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Laketon have an average one-way commute time of 20.4 minutes.
Education & Demographics
0.0% of Laketon 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 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Laketon, IN
Compared to national averages, Laketon has a median household income of $78,750 (5% above the national median of $75,149). Home values average $196,700, which is 20% below the national median. Monthly rent at $1,021 is 12% below the US average of $1,163. Within Indiana, Laketon's income is 14% above the state average of $69,330, and home values are 20% above the state median of $163,409.
Why Live in Laketon, IN?
Laketon offers a strong local economy with a median household income of $78,750, well above the national average, and affordable housing with a median home value of $196,700, below the US average of $244,900, and rent that’s lower than the national average at $1,021/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 4.7%, better than the national average, and short commute times averaging just 20.4 minutes.
Laketon has a population of 532 with a median age of 44.8 years. Compare Laketon with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Laketon
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wellsboro | 532 | $148,750 | $118,900 | Compare |
| Lake Village | 533 | $0 | $152,700 | Compare |
| Lakewood | 530 | $107,574 | $269,400 | Compare |
| Etna Green | 535 | $64,342 | $111,000 | Compare |
| Belleville | 536 | $71,484 | $219,200 | Compare |
| Burlington | 527 | $69,286 | $134,700 | Compare |
| Linden | 526 | $60,714 | $113,300 | Compare |
| Troy | 539 | $50,000 | $95,600 | 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 Laketon With Other Cities
Frequently Asked Questions about Laketon
What is the population of Laketon, IN?
The population of Laketon, IN is 532 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 Laketon?
The median household income in Laketon, IN is $78,750 per year, which is 5% above the national median of $75,149.
What is the median home value in Laketon?
The median home value in Laketon, IN is $196,700, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Laketon?
The median monthly rent in Laketon, IN is $1,021, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Laketon?
The unemployment rate in Laketon, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Laketon, IN a good place to live?
Laketon offers above-average incomes, affordable housing, and a strong job market. With a population of 532 and a median age of 44.8, the city appeals to a broad range of residents.
How educated is Laketon, IN?
0.0% of residents in Laketon 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 Laketon?
Key cost-of-living indicators for Laketon, IN: median home value is $196,700 (20% below national), median rent is $1,021/month, and median household income is $78,750. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Laketon?
The poverty rate in Laketon, IN is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Laketon, IN?
Laketon's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.