Laketon, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Laketon, Indiana had a total population of 460, the 525th largest community in Indiana, with a median household income of $60,104, which is 16% lower than the state average. The poverty rate is 9.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 2.3% of adults have a bachelor's degree, well below the national average of 35.7%.
Laketon Quick Facts
How Laketon Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 532 | 460 | -13.5% |
| Median household income | $78,750 | $60,104 | -23.7% |
| Median home value | $196,700 | $162,500 | -17.4% |
How Laketon Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Laketon Rankings in Indiana
Explore Indiana Rankings
Other Cities in Wabash County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Wabash | 10,358 | $53,410 | 14.0% | $116,500 |
| North Manchester | 4,819 | $61,296 | 10.7% | $138,200 |
| La Fontaine | 837 | $49,464 | 9.8% | $96,300 |
| Roann | 479 | $58,542 | 12.3% | $95,900 |
| Lagro | 330 | $58,958 | 10.0% | $80,000 |
| Somerset | 221 | $86,161 | 11.8% | $110,000 |
Cities Similar to Laketon
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Spring Grove | 464 | $58,359 | $126,900 | 22.1% | 21.3% |
| Owensburg | 447 | N/A | $325,000 | 10.3% | 11.0% |
| Prairieton | 475 | N/A | $367,700 | 0.0% | 18.1% |
| Ramsey | 439 | N/A | $206,700 | 27.6% | 11.8% |
| Roann | 479 | $58,542 | $95,900 | 15.2% | 12.3% |
A note before these figures: with a population of 460, Laketon's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Laketon is a small community located in Indiana, within Wabash County. The total population is 460. It ranks as the 525th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Laketon is 57.8 years. This is 52% higher than the state median of 38.1 years. Only 9.1% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Laketon is $60,104. This is 16% lower than the state median of $71,957. It is also 26% lower than the national median of $80,734. The poverty rate stands at 9.3%. This is 24% lower than the state poverty rate of 12.3%. The survey records no unemployed residents in Laketon, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $162,500. Housing costs are 26% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.7x, Laketon is one of the most affordable housing markets in the area. 90.4% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 70.5%.
Race & Ethnicity
Laketon has a predominantly White (non-Hispanic) population, comprising 87.6% of all residents.
Education
2.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 92% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.1%.
Data Sources & Methodology
All demographic data for Laketon, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Laketon, Indiana?
Laketon, Indiana has a population of 460 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Laketon, IN?
The median household income in Laketon is $60,104, which is 26% lower than the national median of $80,734.
What is the poverty rate in Laketon, IN?
The poverty rate in Laketon is 9.3%. This means approximately 43 residents live below the federal poverty line.
What is the racial makeup of Laketon, Indiana?
Laketon's population is 87.6% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Laketon, IN?
The median home value in Laketon is $162,500. The home-value-to-income ratio is 2.7x.
How educated is Laketon, Indiana?
2.3% of adults (25+) in Laketon hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.