Income & Economy in Lake Station, IN
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$56,306
-23% vs national
Per Capita Income
$25,980
-30% vs national
Poverty Rate
16.7%
+23% vs national
Gini Index
0.4075
0 = perfect equality
Unemployment
14.9%
+186% vs national
SNAP Recipients
15.8%
of households
How Lake Station Compares
Source: Census ACS (2023)Lake Station vs Similar Cities
Source: Census ACS (2023)Compared to cities with 10,000 - 25,000 residents. Lake Station is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Lake Station. The median household income here is $56,306.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
14.9%
+230% vs IN avg
Labor Force
6,075
Employed
5,172
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
5.5%
of adults 25+
High School Diploma+
35.5%
of adults 25+
Median Age
34.2
Work from Home
4.2%
of workers
The median household income in Lake Station, IN is $56,306, which is 23.1% below the national average of $73,224. Per capita income is $25,980. The poverty rate of 16.7% is higher than the IN state average of 11.9%. The Gini index of income inequality is 0.4075, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 14.9%, compared to the state average of 4.5%. 5.5% of adults hold a bachelor's degree or higher.