Laketon, IN

Census Place

2024 Population

460

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

57.8

29% 1-year increase

2024 Poverty Rate

9.35%

98.9% 1-year increase

2024 Median Household Income

$60,104

23.7% 1-year decline

2024 Median Property Value

$162,500

Population & Diversity

Laketon, IN is home to a population of 460 people, from which 100% are citizens.

In 2024, there were 7.07 times more White (Non-Hispanic) residents (403 people) in Laketon, IN than any other race or ethnicity. There were 57 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 0 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Laketon, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Laketon, IN was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Laketon, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Laketon, IN

White (Non-Hispanic)
403 ± 178
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
57 ± 70
Black or African American (Non-Hispanic)
0 ± 13

The following chart shows the 8 races represented in Laketon, IN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Military

Veterans

Most Common Service Period

Vietnam
64 ± 58
Gulf War (2001-)
14 ± 30

Laketon, IN has a large population of military personnel who served in Vietnam, 4.57 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Laketon, IN.

Economy

The economy of Laketon, IN employs 274 people. In 2024, the largest industries in Laketon, IN were Manufacturing (76 people), Health Care & Social Assistance (51 people), and Finance & Insurance (39 people), and the highest paying industries were Manufacturing ($28,750).

Employment

Occupations

274

2024 Value

± 137

−24.3%

1 Year decline

± 83.8%

From 2023 to 2024, employment in Laketon, IN declined at a rate of −24.3%, from 362 employees to 274 employees.

The most common job groups, by number of people living in Laketon, IN, are Office & Administrative Support Occupations (77 people), Production Occupations (47 people), and Health Technologists & Technicians (45 people). This chart illustrates the share breakdown of the primary jobs held by residents of Laketon, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

274

2024 Value

± 137

−24.3%

1 Year decline

± 83.8%

From 2023 to 2024, employment in Laketon, IN declined at a rate of −24.3%, from 362 employees to 274 employees.

The most common employment sectors for those who live in Laketon, IN, are Manufacturing (76 people), Health Care & Social Assistance (51 people), and Finance & Insurance (39 people). This chart shows the share breakdown of the primary industries for residents of Laketon, IN, though some of these residents may live in Laketon, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$74,423

Median earning men ± $62,756

$50,389

Median earning women ± $55,048

The industries with the best median earnings for men in 2024 are Manufacturing ($56,875).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Laketon, IN was $162,500 in 2024, which is 0.488 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $196,700 to $162,500, a 17.4% decrease. The homeownership rate in Laketon, IN is 90.4%, which is higher than the national average of 65.2%.

People in Laketon, IN have an average commute time of 28.5 minutes, and they drove alone to work. Car ownership in Laketon, IN is higher than the national average, with an average of 4 cars per household.

Housing

Property

$162,500

Median Property Value 2024

±$138,491

$198

Median Property Taxes

±$88

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Laketon, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Laketon, IN compared to it's parent and neighbor geographies.

Rent vs Own

90.4%

Homeownership

2024

50.8%

Homeowners with Mortgage

2024

In 2024, 90.4% of the housing units in Laketon, IN were occupied by their owner. This percentage grew from the previous year's rate of 77.8%.

This chart shows the percentage of owner in Laketon, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$60,104

Median Household Income

± $48,153

219

Number of Households

± 94

In 2024, the median household income of the 219 households in Laketon, IN declined from $60,104 from the previous year's value of $78,750.

The following chart displays the households in Laketon, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Laketon, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (93.4%)
Carpooled (6.57%)

In 2024, 93.4% of workers in Laketon, IN drove alone to work, followed by those who carpooled to work (6.57%) and those who used public transit to get to work (0%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

28.5 minutes

Average Travel Time

Using averages, employees in Laketon, IN have a longer commute time (28.5 minutes) than the normal US worker (26.4 minutes). Additionally, 3.65% of the workforce in Laketon, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Laketon, IN compares to that of it's neighboring and parent geographies.

Car Ownership

4 cars

Average Number

The following chart displays the households in Laketon, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Laketon, IN have 4 cars.

Poverty

Poverty & Diversity

9.35% of the population for whom poverty status is determined in Laketon, IN (43 out of 460 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 65 - 74, followed by Males 55 - 64 and then Males 35 - 44.

The most common racial or ethnic group living below the poverty line in Laketon, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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