Lakin, KS
Population 2,069 · Kansas
About Lakin, KS
Lakin is a small town located in Kansas with a population of 2,069 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,286 per year, which is 12% above the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakin features a median home value of $141,700, which is 42% below the national median of $244,900. This makes Lakin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,123, 3% below the national average of $1,163/month. Of the 811 total housing units, 80% are owner-occupied (552 units) and 20% are renter-occupied (142 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakin shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakin have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
12.4% of Lakin 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 29.7% White, 1.3% Hispanic or Latino, 0.3% Black or African American, and 6.3% Asian residents, with 7.6% of the population being foreign-born.
Cost of Living in Lakin, KS
Compared to national averages, Lakin has a median household income of $84,286 (12% above the national median of $75,149). Home values average $141,700, which is 42% below the national median. Monthly rent at $1,123 is 3% below the US average of $1,163. Within Kansas, Lakin's income is 32% above the state average of $63,989, and home values are 24% above the state median of $113,913.
Why Live in Lakin, KS?
Lakin offers a strong local economy with a median household income of $84,286, well above the national average, and affordable housing with a median home value of $141,700, below the US average of $244,900, and rent that’s lower than the national average at $1,123/month. Additionally, the city features a strong job market with an unemployment rate of just 2.8%, and a low poverty rate of 2.4%, better than the national average, and short commute times averaging just 19.5 minutes.
Lakin has a population of 2,069 with a median age of 37.8 years. Compare Lakin with other cities to see how it stacks up, or explore all cities in Kansas.
Similar Cities Near Lakin
Cities in Kansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oakley | 2,049 | $69,778 | $118,700 | Compare |
| Minneapolis | 2,101 | $65,694 | $133,100 | Compare |
| Belleville | 2,036 | $51,136 | $78,200 | Compare |
| Herington | 2,105 | $68,214 | $79,000 | Compare |
| Fredonia | 2,113 | $61,250 | $87,700 | Compare |
| Ellinwood | 2,117 | $55,332 | $94,800 | Compare |
| Cherryvale | 2,125 | $47,411 | $53,300 | Compare |
| Marion | 2,010 | $60,756 | $89,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakin With Other Cities
Frequently Asked Questions about Lakin
What is the population of Lakin, KS?
The population of Lakin, KS is 2,069 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kansas.
What is the median household income in Lakin?
The median household income in Lakin, KS is $84,286 per year, which is 12% above the national median of $75,149.
What is the median home value in Lakin?
The median home value in Lakin, KS is $141,700, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakin?
The median monthly rent in Lakin, KS is $1,123, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Lakin?
The unemployment rate in Lakin, KS is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakin, KS a good place to live?
Lakin offers above-average incomes, affordable housing, and a strong job market. With a population of 2,069 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Lakin, KS?
12.4% of residents in Lakin 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 Lakin?
Key cost-of-living indicators for Lakin, KS: median home value is $141,700 (42% below national), median rent is $1,123/month, and median household income is $84,286. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakin?
The poverty rate in Lakin, KS is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakin, KS?
Lakin's population is 29.7% White, 1.3% Hispanic or Latino, 0.3% Black or African American, 6.3% Asian, and 2.2% two or more races. 7.6% of residents are foreign-born.