Laketon, IN Profile: Facts & Data


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Laketon, Indiana - Basic Facts

The Laketon Census Designated Place had a population of 599 as of July 1, 2020. Laketon ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Laketon is located at latitude 40.9742 and longitude -85.8358 in Wabash County. The formal boundaries for the Laketon Census Designated Place encompass a land area of 1.05 sq. miles and a water area of 0.14 sq. miles. Wabash County is in the Eastern time zone (GMT -5). The elevation is 755 feet.

The Laketon Census Designated Place (GNIS ID: 2629856) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Laketon Census Designated Place is located within Township of Pleasant, a minor civil division (MCD) of Wabash County.


Laketon, IN Data & Demographics (As of July 1, 2020)


Total Population 599 (100%)
Population in Households 599 (100.0%)
Population in Families 491 (82.0%)
Population in Group Quarters1 0
Population Density 568
Diversity Index2 16


Median Household Income $54,788
Average Household Income $63,181
% of Income for Mortgage4 9%
Per Capita Income $24,754
Wealth Index5 53


Total HU (Housing Units) 300 (100%)
Owner Occupied HU 194 (64.7%)
Renter Occupied HU 47 (15.7%)
Vacant Housing Units 58 (19.3%)
Median Home Value $114,444
Average Home Value $136,862
Housing Affordability Index3 306


Total Households 242
Average Household Size 2.48
Family Households 170
Average Family Size 3
  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.


2010-2020 2020-2025
Population -0.38% -0.57%
Households -0.24% -0.5%
Families 0.12% -0.6%
Median Household Income   0.41%
Per Capita Income   1.1%
Owner Occupied HU   -0.52%


Laketon, IN - Peer Comparisons by Rank and Percentile

The table below compares Laketon to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 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 # 440 35th
Population Density # 555 18th
Median Household Income # 314 54th
Housing Affordability Index # 470 69th
Per Capita Income # 406 40th
Diversity Index # 223 68th

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

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