Laketon, IN Profile: Facts & Data

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Laketon, Indiana - Basic Facts

The Laketon Census Designated Place had a population of 613 as of July 1, 2019. 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.


Jump to... (On This Page!)
  1. Laketon 2019 Demographic Data
  2. Growth Rates for Laketon (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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Laketon, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Laketon, IN Housing Affordability Index is 233
State of Indiana Housing Affordability Index is 180
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.

WEALTH INDEX

Laketon, IN Wealth Index is 58
State of Indiana Wealth Index is 81
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 613 (100%)
Population in Households 613 (100.0%)
Population in Families 504 (82.2%)
Population in Group Quarters1 0
Population Density 582
Diversity Index2 16
 

INCOME

Median Household Income $53,654
Average Household Income $63,617
Per Capita Income $24,658
Wealth Index4 58

HOUSING

Total Housing Units 308 (100%)
Owner Occupied HU 198 (64.3%)
Renter Occupied HU 47 (15.3%)
Vacant Housing Units 63 (20.5%)
Median Home Value $126,163
Housing Affordability Index3 233
 

HOUSEHOLDS

Total Households 245
Average Household Size 2.5
Family Households 173
Average Family Size 3
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 race 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 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.17% -0.39%
Households -0.13% -0.41%
Families 0.32% -0.47%
Median Household Income   2.32%
Per Capita Income   2.47%

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, 2019 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 # 437 36th
Population Density # 556 18th
Diversity Index # 210 69th
Median Household Income # 338 50th
Per Capita Income # 402 41st

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

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