Lake County, Indiana
Income Data
At a Glance
How Lake County Compares
Detailed Income Statistics
Data Story
About Household Income in Lake County, Indiana
Lake County lags national income benchmarks
Lake County's median household income of $68,985 trails the national median of $74,755 by 7.7%, placing it below the typical US household. Per capita income of $35,973 similarly falls short of national averages, reflecting limited individual earning power across the population.
Below average for Indiana overall
Lake County's median household income sits 0.3% below Indiana's state average of $68,681, making it nearly at parity with state-level benchmarks. However, the county still underperforms than stronger Indiana regions like Johnson and LaGrange.
Struggling against regional income competition
Lake County's $68,985 income significantly trails LaGrange County ($83,741) by 18% and falls below Kosciusko County ($73,922). The county edges out only Knox County and Madison County among this regional group.
Housing costs strain Lake County budgets
Lake County's rent-to-income ratio of 19.0% ranks as the highest in this analysis, indicating housing costs consume nearly a fifth of household income. While still below the 30% distress threshold, this pressure leaves less room for savings and investments.
Build wealth despite income headwinds
With incomes 8% below the national average and housing costs taking a larger bite, Lake County residents should focus on automating savings through payroll deduction. Even modest, consistent investments in low-cost funds can compound over time to build long-term security.
Frequently Asked Questions
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.