Tri-Lakes, IN

Census Place

2024 Population

1,025

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

54.1

8.42% 1-year increase

2024 Poverty Rate

4.68%

10.5% 1-year decrease

2024 Median Household Income

$115,250

1.8% 1-year growth

2024 Median Property Value

$323,500

Economy

The economy of Tri-Lakes, IN employs 600 people. In 2024, the largest industries in Tri-Lakes, IN were Manufacturing (168 people), Wholesale Trade (100 people), and Finance & Insurance (96 people), and the highest paying industries were Educational Services ($83,947), Educational Services, & Health Care & Social Assistance ($83,095), and Wholesale Trade ($81,116).

Employment

Occupations

600

2024 Value

± 212

8.3%

1 Year growth

± 46.2%

From 2023 to 2024, employment in Tri-Lakes, IN grew at a rate of 8.3%, from 554 employees to 600 employees.

The most common job groups, by number of people living in Tri-Lakes, IN, are Production Occupations (124 people), Sales & Related Occupations (82 people), and Community & Social Service Occupations (76 people). This chart illustrates the share breakdown of the primary jobs held by residents of Tri-Lakes, 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

600

2024 Value

± 212

8.3%

1 Year growth

± 46.2%

From 2023 to 2024, employment in Tri-Lakes, IN grew at a rate of 8.3%, from 554 employees to 600 employees.

The most common employment sectors for those who live in Tri-Lakes, IN, are Manufacturing (168 people), Wholesale Trade (100 people), and Finance & Insurance (96 people). This chart shows the share breakdown of the primary industries for residents of Tri-Lakes, IN, though some of these residents may live in Tri-Lakes, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$81,964

Median earning men ± $18,411

$57,305

Median earning women ± $22,754

The industries with the best median earnings for men in 2024 are Wholesale Trade ($81,116) and Manufacturing ($71,250).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($57,005) and Educational Services, & Health Care & Social Assistance ($56,364).

Housing & Living

The median property value in Tri-Lakes, IN was $323,500 in 2024, which is 0.972 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $293,900 to $323,500, a 10.1% increase. The homeownership rate in Tri-Lakes, IN is 98.3%, which is higher than the national average of 65.2%.

People in Tri-Lakes, IN have an average commute time of 28.5 minutes, and they drove alone to work. Car ownership in Tri-Lakes, IN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$323,500

Median Property Value 2024

±$95,308

$460

Median Property Taxes

±$156

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 Tri-Lakes, IN the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

98.3%

Homeownership

2024

61.4%

Homeowners with Mortgage

2024

In 2024, 98.3% of the housing units in Tri-Lakes, IN were occupied by their owner. This percentage declined from the previous year's rate of 98.7%.

This chart shows the percentage of owner in Tri-Lakes, 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.

$115,250

Median Household Income

± $44,086

468

Number of Households

± 157

In 2024, the median household income of the 468 households in Tri-Lakes, IN grew to $115,250 from the previous year's value of $113,214.

The following chart displays the households in Tri-Lakes, 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 $150k - $200k range.

Wage Distribution

The closest comparable wage GINI for Tri-Lakes, 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 (83.5%)
Worked At Home (16.5%)

In 2024, 83.5% of workers in Tri-Lakes, IN drove alone to work, followed by those who worked at home (16.5%) and those who carpooled 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 Tri-Lakes, IN have a longer commute time (28.5 minutes) than the normal US worker (26.4 minutes). Additionally, 3.79% of the workforce in Tri-Lakes, IN have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

The following chart displays the households in Tri-Lakes, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Tri-Lakes, IN have 2 cars.

Poverty

Poverty & Diversity

4.68% of the population for whom poverty status is determined in Tri-Lakes, IN (48 out of 1.03k 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 65 - 74 and then Males 75+.

The most common racial or ethnic group living below the poverty line in Tri-Lakes, IN is White, followed by Black and Native American.

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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