Michiana Shores, IN Profile: Facts & Data

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Michiana Shores, Indiana - Basic Facts

The Town of Michiana Shores had a population of 357 as of July 1, 2023.

The primary coordinate point for Michiana Shores is located at latitude 41.7559 and longitude -86.8167 in LaPorte County. The formal boundaries for the Town of Michiana Shores encompass a land area of 0.35 sq. miles and a water area of 0 sq. miles. LaPorte County is in the Central time zone (GMT -6).

The Town of Michiana Shores has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Michiana Shores is located within Township of Michigan, a minor civil division (MCD) of LaPorte County.


Jump to... (On This Page!)
  1. Michiana Shores 2023 Demographic Data
  2. Growth Rates for Michiana Shores (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2023 Demographics
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Michiana Shores, IN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 357 (100%)
Population in Households 357 (100.0%)
Population in Families 298 (83.5%)
Population in Group Quarters1 0
Population Density 1,025
Diversity Index2 18
 
 

INCOME

Median Household Income $116,570
Average Household Income $169,519
% of Income for Mortgage4 20%
Per Capita Income $80,723
Wealth Index5 254
Socioeconomic Status Index6 High (70.5)
 

HOUSING

Total HU (Housing Units) 349 (100%)
Owner Occupied HU 161 (46.1%)
Renter Occupied HU 9 ( 2.6%)
Vacant Housing Units 179 (51.3%)
Median Home Value $381,343
Average Home Value $435,248
Housing Affordability Index3 123
 

HOUSEHOLDS

Total Households 170
Average Household Size 2.10
Family Households 124
Average Family Size 2.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 4.86% -0.28%
Households 2.68% 0.00%
Families   -0.32%
Median Household Income   1.50%
Per Capita Income   2.96%
Owner Occupied HU   0.00%

Michiana Shores, IN - Peer Comparisons by Rank and Percentile

The table below compares Michiana Shores to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 543 44th
Population Density # 432 56th
Median Household Income # 19 98th
Housing Affordability Index # 355 36th
Per Capita Income # 8 99th
Diversity Index # 436 55th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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