Laketon

Population: 532
Median household income: $78,750
Median home value: $196,700

Laketon is a community in Wabash County, Indiana, home to 532 residents. Its median household income of $78,750 runs above the Wabash County figure of $68,414.

From 2019 to 2023, Laketon's population grew 17.2% from 454 to 532, while its median home value rose 126.4% from $86,900 to $196,700.

White (non-Hispanic) residents are the largest group, 99.2% of the population. 68.7% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 532
Median age: 44.8 yrs
Median household income: $78,750
Median home value: $196,700
Median gross rent: $1,021
Housing units: 314
Homeownership rate: 77.8%
Bachelor's degree or higher: 0.0%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

454532

Median household income

$43,274$78,750

Median home value

$86,900$196,700

Median gross rent

$636$1,021

Year	Population	Median household income	Median home value	Median gross rent
2019	454	$43,274	$86,900	$636
2020	445	$44,500	$105,100	$635
2021	368	$50,875	$104,200	$765
2022	294	$51,111	$113,800	$813
2023	532	$78,750	$196,700	$1,021

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.1%

5 to 1713.3%

18 to 2412.8%

25 to 345.8%

35 to 4414.5%

45 to 545.8%

55 to 6419.4%

65 to 7416.2%

75 and over8.1%

	Count	Share
Under 5	22	4.1%
5 to 17	71	13.3%
18 to 24	68	12.8%
25 to 34	31	5.8%
35 to 44	77	14.5%
45 to 54	31	5.8%
55 to 64	103	19.4%
65 to 74	86	16.2%
75 and over	43	8.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	528	99.2%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	4	0.8%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma2.7%

High school graduate65.8%

Some college or associate's31.5%

Bachelor's degree0.0%

Graduate or professional degree0.0%

	Count	Share
No high school diploma	10	2.7%
High school graduate	244	65.8%
Some college or associate's	117	31.5%
Bachelor's degree	0	0.0%
Graduate or professional degree	0	0.0%

Commute to work

Mean travel time to work: 20 min

Drove alone68.7%

Carpooled27.2%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home0.0%

Other means4.1%

How workers get to work

	Count	Share
Drove alone	237	68.7%
Carpooled	94	27.2%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	0	0.0%
Other means	14	4.1%

Travel time

	Count	Share
Under 15 min	160	46.4%
15 to 29 min	97	28.1%
30 to 44 min	45	13.0%
45 to 59 min	12	3.5%
60+ min	31	9.0%

Households

Average household size: 2.31
Poverty rate: 4.7% (25 of 532)

	Count	Share
Family households	162	70.4%
Nonfamily households	68	29.6%

Housing

Median year structure built: 1964

Occupancy

	Count	Share
Occupied	230	73.2%
Vacant	84	26.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	179	77.8%
Renter-occupied	51	22.2%

1-unit, detached81.5%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other18.5%

Units in structure

	Count	Share
1-unit, detached	256	81.5%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	58	18.5%

Geography

Place GEOID: 1841562
Type (LSAD): 57
Land area: 1.05 sq mi
Water area: 0.16 sq mi
Center point: 40.9812, -85.8400