Lake County, Indiana

Income Data

+0% vs. Indiana average
$68,985
Median Household Income
$35,973
Per Capita Income

At a Glance

Median Household Income
$68,985
+0% vs. state avg
Per Capita Income
$35,973
-9% vs. national
Income-to-Housing Ratio
32.1%
income as % of home value
Rank in Indiana
#36 / 92
by median household income

How Lake County Compares

Lake County$68,985
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$68,985
Median Household Income
$35,973
Per Capita Income
$214,700
Median Home Value
32.1%
Income-to-Housing Ratio

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

What is the median household income in Lake County, Indiana?
The median household income in Lake County, Indiana is $68,985, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lake County?
The per capita income in Lake County is $35,973, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $68,985.
How does Lake County compare to the Indiana average?
Lake County's median household income of $68,985 is higher than the Indiana state average of $68,681. The per capita income is $35,973, compared to the state average of $34,773.
What is the per capita income in Lake County, Indiana?
The per capita income in Lake County, Indiana is $35,973, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lake County income higher than the Indiana average?
Lake County's median household income of $68,985 is higher than the Indiana average of $68,681. This difference of $304 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lake County rank for income in Indiana?
Lake County ranks #36 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $68,985 and per capita income of $35,973, it falls in the middle third of counties statewide.

Income Comparison Calculator

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County median: $68,985 per year

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.