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Lake County, IN Highlights

Earnings and Income

Industry employment is tabulated as jobs by place-of-work. Keep in mind that people may hold multiple jobs and that each job is counted by its industry. Note: The income figures and changes are not adjusted for inflation.

Average Annual Earnings by Industry
	2019	2023	5 Year	5 Year % Change
All Industries	$48,787	$59,029	$10,243	21.0%
Ag., For., Fishing, & Hunt.	$22,618	$29,150	$6,532	28.9%
Mining	$67,268	$102,754	$35,486	52.8%
Construction	$71,414	$82,475	$11,061	15.5%
Manufacturing	$89,232	$105,459	$16,227	18.2%
Wholesale Trade	$68,769	$80,251	$11,482	16.7%
Retail Trade	$28,287	$35,590	$7,304	25.8%
Trans. & Warehousing	$53,957	$60,488	$6,532	12.1%
Utilities	D	D	$122,754	N/A
Information	$55,756	$63,930	$8,175	14.7%
Finance & Insurance	$60,271	$72,987	$12,716	21.1%
Real Est., Rent., Leasing	$42,161	$55,142	$12,981	30.8%
Prof. & Tech. Svcs.	$56,059	$67,204	$11,145	19.9%
Mgt.of Companies	$90,677	$99,355	$8,678	9.6%
Admin. & Waste Svcs.	$32,835	$46,561	$13,726	41.8%
Education Svcs.	$29,715	$39,243	$9,529	32.1%
Health Care & Social Assist.	$50,742	$61,428	$10,685	21.1%
Arts, Ent. &, Rec.	$29,873	$31,935	$2,062	6.9%
Accom. & Food Svcs.	$16,364	$23,169	$6,805	41.6%
Other Svcs.	$32,746	$42,300	$9,554	29.2%
Fed.l, State & Local Govt.	$42,716	$52,080	$9,364	21.9%

Note: Total employment represents the sum of total private sector and total government sector employment. State and local government schools and hospitals are included in the government total. Sectors may not sum to the total (or agree with BLS published total employment) due to suppression issues. D = non-disclosable in compliance with the Bureau of Labor Statistics and/or State of Indiana confidentiality guidelines. Source: Bureau of Labor Statistics & Indiana Department of Workforce Development, as of July 2024.

Per Capita Income Over Time
	2003	2008	2013	2018	2023
Total Per Capita Income	$28,353	$34,660	$37,007	$44,046	$56,172
Change Since 2003		$6,307	$8,654	$15,693	$27,819
Pct. Change Since 2003		22.2%	30.5%	55.3%	98.1%

Source: Bureau of Economic Analysis

Income & Wage
	Number
Median family income in 2023 (ACS)	$85,329
Median household income in 2023 (ACS)	$68,985
Average Wage Per Job in 2024 (BLS)	$61,202
Wage Growth since 2019 (BLS)	25.5%

Source: US Census Bureau, ACS 5 Year Estimates & Bureau of Labor Statistics