Laketon, Indiana

Community in Wabash County · population 606 (2020 Census)

Median home: $162,500
Household income: $60,104
Jan low / Jul high: 17° / 83°
Snow a year: 30 in
Tornadoes ≤10 mi since 1950: 19
Median age: 57.8

Laketon is a community of 606 people in Wabash County, Indiana. The median home is worth $162,500, above the typical Indiana town ($150,400). It ranks more of a college town than 99% of Indiana towns, better for families than 87% of Indiana towns, better for retirees than 84% of Indiana towns.

How Laketon ranks

Percentile among Indiana towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Indiana towns.

The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025).

Homes and cost of living

The median home in Laketon is worth $162,500, above the typical Indiana town ($150,400). Homes cost about 2.7 times the median household income of $60,104, which is more affordable than 42% of Indiana towns. 90.4% of households own their home.

Census ACS 5-year estimates, 2020–2024. "Typical town" = median of Indiana towns with 500+ people.

Housing	Laketon	Typical Indiana town
Median home value	$162,500	$150,400
Median rent	—	$888
Median household income	$60,104	$61,953
Home value ÷ income	2.7×	2.5×
Homeownership	90.4%	73.4%
Median year built	1963	1966
Seasonal / vacation homes	0.0%	—

Who lives in Laketon

People	Laketon	Typical Indiana town
Median age	57.8	38.9
Age 65 and over	25.0%	17.1%
Under 18	9.1%	—
Bachelor's degree or higher	2.3%	17.4%
Below the poverty line	9.3%	11.6%
Veterans	18.7%	—
Born outside the U.S.	0.0%	—
Work from home	0.0%	6.2%
Average commute	28.5 min	24.7 min
Homes with broadband	82.6%	89.2%

Weather in Laketon

July highs average 83.3°F and January lows 16.7°F. About 41.1 inches of rain and melted snow fall a year, with 30.3 inches of snow (typical Indiana town: 21.1 in). Expect about 12 days a year at 90°F or hotter and 134 nights at or below freezing.

NOAA 1991–2020 climate normals: average daily high and low by month; precipitation and snowfall in inches. Temperatures from the N Manchester Wwtp station (3.5 mi away).

Tornadoes, storms and disasters

19 tornadoes have passed within 10 miles of Laketon since 1950, compared with 23 for the typical Indiana town. 8 rated (E)F2 or stronger. The strongest, an EF3, struck on May 27, 2019 about 3.1 miles from the town center. The most recent was on May 27, 2019.

NOAA Storm Events Database, tornado tracks (start to end point) passing within 10 miles of the town center, 1950–2026.

Hail of 1 inch or larger has been reported within 10 miles 19 times; the largest was 1.75 inches on April 16, 2006.

Severe weather in Wabash County since 1996

NOAA Storm Events Database, Wabash County, 1996–2026 (all event types recorded since 1996). 1 deaths recorded.

Wabash County has been included in 14 federal disaster or emergency declarations since 1953, most often for flood, hurricane, snowstorm.

Declared	Incident	Declaration
August 15, 2026	Flood	EM-3651: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding
January 24, 2026	Winter Storm	EM-3641: Severe Winter Storm
April 3, 2020	Biological	DR-4515: Covid-19 Pandemic
March 13, 2020	Biological	EM-3456: Covid-19
May 4, 2018	Flood	DR-4363: Severe Storms And Flooding

Jobs and pay in Wabash County

Wabash County had 12,395 jobs in 2024, paying an average of $50,288 a year. Unemployment was 3.1% in 2023; in Laketon itself the ACS puts it at 0%.

BLS Quarterly Census of Employment and Wages, 2024, private-sector jobs and average annual pay.

Annual average unemployment rate (BLS Local Area Unemployment Statistics via USDA ERS).

Public schools in Laketon

1 public school with 298 students, about 18.6 students per teacher.

School	Grades	Students	Per teacher
Manchester Intermediate School	4-6	298	18.6

Towns near Laketon

North Manchester, IN
3.7 mi · 5,277 people · home $138,200
Silver Lake, IN
7.0 mi · 875 people · home $112,000
Akron, IN
10.4 mi · 1,125 people · home $136,300
Wabash, IN
12.3 mi · 10,440 people · home $116,500
South Whitley, IN
13.3 mi · 1,818 people · home $134,100
Andrews, IN
15.0 mi · 1,048 people · home $90,500
Winona Lake, IN
16.4 mi · 5,053 people · home $274,500
Pierceton, IN
16.7 mi · 928 people · home $117,600

Laketon questions

Is Laketon, Indiana a good place to retire?

On The Town Files lifestyle rankings, Laketon scores better for retirees than 84% of Indiana towns and quieter than 46%. 25.0% of residents are 65 or older (median age 57.8).

How much does a house cost in Laketon?

The median owner-occupied home in Laketon is valued at $162,500 (Census ACS 2020–2024), against a median household income of $60,104, so homes cost about 2.7 times income. Median rent is — a month.

What is the weather like in Laketon?

July highs average 83.3°F and January lows 16.7°F (NOAA 1991–2020 normals). It gets about 41.1 inches of precipitation a year and 30.3 inches of snow.

Does Laketon get tornadoes?

19 tornadoes have passed within 10 miles of Laketon since 1950 (NOAA Storm Events); the strongest was an EF3 on May 27, 2019. The typical Indiana town has had 23.

How this page is made. Every number comes from public data, matched to Laketon's Census boundary (GEOID 1841562). Comparisons use the median of Indiana towns with at least 500 people. Weather comes from the nearest NOAA normals station; storm counts use NOAA tornado tracks within 10 miles of the town center.

U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
NOAA NCEI U.S. Climate Normals (1991–2020)
NOAA NCEI Storm Events Database (1950–2026)
FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
NCES Common Core of Data (2023–24)
BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)

Data snapshot 2026-11-13.