Everything You Should Know Before Moving to Laketon, IN
Considering a move to Laketon, IN? This quiet community of around 600 residents offers affordable living, with median home prices near $110,000 and average rents around $780. Crime rates are low, and most people enjoy a manageable 23-minute commute. The area features solid public schools, easy access to regional healthcare, and a classic Midwest climate with all four seasons. If you're seeking a safe, friendly town with a low cost of living, Laketon could be a great fit!
Demographics - Laketon, IN
Demographics - Laketon, IN
Laketon is a small, close-knit community of about 600 people, with a population that is predominantly White and a median age of 43.2, reflecting a mature, stable environment. The gender balance is nearly even, and the area sees limited linguistic diversity, with just over 3% of residents speaking a language other than English at home.
Population:
600
Density:
150 per sq mi
Median Age:
43.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
95.5%
Black:
0.8%
Asian:
0.6%
Others:
3.1%
Cost Of Living
What is the average cost of living in Laketon, IN?
Laketon offers a highly affordable cost of living, with a median home value around $110,000 and average rents of $780, making it an attractive option for budget-conscious movers. The overall cost of living index is well below the national average, especially for housing and groceries, allowing residents' incomes to stretch further.
Median House Value:
$110,000
Gross Rent:
$780
Monthly Electricity Charges:
$120
Auto Insurance:
$1,050
House Owner Cost With Mortgage:
$980
House Owner Cost Without Mortgage:
$350
State Taxes:
Low:
3.15%
|
High:
3.15%
Cost Of Living Index:
84.3
Grocery:
91.1
Housing:
67.4
Utilities:
97.7
Transportation:
86.2
Health Care:
90.8
Miscellaneous:
87.3
Crime
Is Laketon, IN a safe place to live?
Laketon boasts low crime rates, with only 110 violent crimes and 900 property crimes per 100,000 residents each year, making it a safe choice for families and individuals. The chance of experiencing a violent crime is about 1 in 910, well below national averages.
Violent Crimes Per 100k:
110
Property Crimes Per 100k:
900
Crime Index:
1,010
Chance Of Violent Crime:
1 in 910
Chance Of Property Crime:
1 in 110
Weather
What is the weather like in Laketon, IN year-round?
Residents experience all four seasons, with warm summers reaching highs of 83°F and cold winters dipping to 17°F. The area enjoys about 53% sunny days annually and receives around 39 inches of rainfall, ideal for those who appreciate a classic Midwest climate.
Winter
Min:
17°F
Max:
33°F
Spring
Min:
38°F
Max:
62°F
Summer
Min:
62°F
Max:
83°F
Fall
Min:
39°F
Max:
65°F
Average Rainfall Inches:
39.1 inches
Sunny Days Percentage:
53%
Neighbors
Laketon's residents enjoy a median household income of $54,200, with a modest poverty rate of 11.5% and low unemployment. The average commute is about 23.5 minutes, and nearly 90% of adults have completed high school, reflecting a steady, family-oriented neighborhood.
Median Income:
$28,500
Household Income:
$54,200
Family Income:
$63,800
Per Capita Income:
$24,300
Income Male:
$34,000
Income Female:
$27,800
Poverty Rate:
11.5%
Non English Speakers:
3.2%
Rent:
$780
Unemployment Rate:
4.0%
Public Transport Usage:
0.2%
Commute Time:
23.5 minutes
Education
High School or Higher:
89.8%
Bachelors or More:
14.7%
Education
How are the schools in Laketon, IN?
Laketon is served by public schools with favorable student-teacher ratios around 15:1 and access to higher education at Manchester University, located just 8 miles away. The area lacks private schools but offers a solid public education foundation and nearby college options.
Public Schools
Name:
Northfield Jr-Sr High School
Street:
154 W 200 N, Wabash, IN 46992
Phone:
260-563-8050
Students:
500
Student Teacher Ratio:
14.5
Name:
Metro North Elementary School
Street:
3846 W 900 N, Wabash, IN 46992
Phone:
260-982-7541
Students:
300
Student Teacher Ratio:
15.3
Colleges
Name:
Manchester University
City:
North Manchester
State:
IN
Distance:
8 miles
Students:
1,400
Healthcare
Access to healthcare is solid, with major hospitals like Parkview Wabash and Dukes Memorial nearby and over 91% of the population insured. The area maintains a good balance of healthcare professionals, with 1.6 physicians per 1,000 residents, ensuring reliable medical support.
Major Hospitals
Name:
Parkview Wabash Hospital
Address:
10 John Kissinger Dr, Wabash, IN 46992
Phone:
(260) 563-3131
Type:
General & Surgical
Emergency Services:
Yes
Name:
Dukes Memorial Hospital
Address:
275 W 12th St, Peru, IN 46970
Phone:
(765) 472-8000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.6
Health Insurance Coverage:
91.4%
Health Care Index:
69.2
Housing Market
What is the housing market like in Laketon, IN?
The housing market in Laketon features a median home price of $110,000 and a high owner-occupancy rate of 82.5%, making homeownership attainable for many. Rental options are available with a moderate vacancy rate, and home values have appreciated by 4.3% in the past year.
Median Home Price:
$110,000
Average Rent For 2 Bedroom:
$780
Owner Occupied Rate:
82.5%
Rental Vacancy Rate:
7.6%
Home Appreciation Rate (1yr):
4.3%
New Construction Rate:
1.2%
Foreclosure Rate:
0.7%
DMV Information
Laketon residents are served by the Indiana Bureau of Motor Vehicles, offering convenient access to licensing and registration services both online and at the central office in Indianapolis.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
100 N Senate Ave, Indianapolis, IN 46204
Phone:
1-888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.