Laketon, IN
Population 532 · Indiana
About Laketon, IN
Laketon is a small community in Indiana with a population of 532 residents. The median household income is $78,750 per year, which is above the national average. The median age in Laketon is 44.8 years.
Housing in Laketon has a median home value of $196,700 and median monthly rent of $1,021. Of the 314 total housing units, the majority are owner-occupied, with 179 owner-occupied and 51 renter-occupied units.
The unemployment rate in Laketon is 0.0% and the poverty rate is 4.7%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
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 Census data.
What is the median household income in Laketon?
The median household income in Laketon, IN is $78,750 per year.
What is the median home value in Laketon?
The median home value in Laketon, IN is $196,700.
What is the average rent in Laketon?
The median monthly rent in Laketon, IN is $1,021.
What is the unemployment rate in Laketon?
The unemployment rate in Laketon, IN is 0.0%.