What is the median household income in La Paz, IN?
The median household income in La Paz, IN is $77,972 (±$14,744) a year (2020–2024 American Community Survey).
Paying the median gross rent of $698 a month would take about $27,900 a year at the common guideline of spending no more than 30% of income on rent.
In La Paz, the median household income went from $40,625 in 2015–2019 to $77,972 in 2020–2024 (+91.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $77,972 (±$14,744)
- Median renter income
- $63,672 (±$24,162)
- Income to afford median rent
- about $27,900
Income in La Paz against Marshall County, its state and the nation
| La Paz | Marshall County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $77,972 (±$14,744) | $71,808 (±$3,823) | $71,957 (±$352) | $80,734 |
| Median renter household income | $63,672 (±$24,162) | $45,820 (±$4,742) | $42,811 (±$480) | $52,966 |
| Median owner household income | $78,444 (±$8,240) | $82,494 (±$4,726) | $87,459 (±$395) | $100,009 |
| Median gross rent | $698 (±$590) | $938 (±$32) | $1,062 (±$5) | $1,413 |
In La Paz, median household income is not measurably different from Marshall County ($71,808).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Marshall County, La Paz ranks 4 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 559 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in La Paz
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $698 a month ($8,376 a year) needs an income of about $27,900 a year.
The median renting household in La Paz earns $63,672 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $40,625 (±$12,071) | $77,972 (±$14,744) | +91.9% | Up after inflation |
| Median gross rent | $877 (±$119) | $698 (±$590) | −20.4% | No measurable change after inflation |
| Median home value | $77,800 (±$6,771) | $135,300 (±$43,707) | +73.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near La Paz
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| La Paz | — | $77,972 (±$14,744) | — |
| North Township (Marshall County) | 2.5 mi | $73,125 (±$15,067) | Not measurably different |
| Union Township (St. Joseph County) | 4.9 mi | $76,636 (±$13,607) | Not measurably different |
| Lakeville | 5.3 mi | $62,772 (±$14,424) | Not measurably different |
| Polk Township (Marshall County) | 5.6 mi | $75,827 (±$16,955) | Not measurably different |
| Liberty Township (St. Joseph County) | 7.1 mi | $76,418 (±$6,114) | Not measurably different |
| Plymouth | 7.4 mi | $58,623 (±$5,241) | Lower |
| North Liberty | 8.1 mi | $75,047 (±$28,183) | Not measurably different |
| Bremen | 8.2 mi | $68,429 (±$31,054) | Not measurably different |
Nearby places with a measurably lower figure: Plymouth, IN ($58,623).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Marshall County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Green Township (Marshall County) | $96,875 (±$11,840) |
| 2 | West Township | $88,935 (±$10,565) |
| 3 | German Township (Marshall County) | $79,175 (±$10,988) |
| 4 | La Paz | $77,972 (±$14,744) |
| 5 | Polk Township (Marshall County) | $75,827 (±$16,955) |
| 6 | Bourbon Township | $75,804 (±$18,549) |
| 7 | Bourbon | $73,510 (±$15,148) |
| 8 | North Township (Marshall County) | $73,125 (±$15,067) |
| 9 | Bremen | $68,429 (±$31,054) |
| 10 | Center Township (Marshall County) | $67,867 (±$6,716) |
Showing 10 of 16 places in Marshall County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about La Paz
What is the median household income in La Paz?
The median household income in La Paz is $77,972 (±$14,744) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in La Paz?
About $27,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $698 a month.
Have incomes in La Paz kept up with inflation?
In La Paz, the median household income went from $40,625 in 2015–2019 to $77,972 in 2020–2024 (+91.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in La Paz?
The median renting household in La Paz, IN earns $63,672 (±$24,162) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — La Paz town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — La Paz town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — La Paz town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — La Paz town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — La Paz town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — La Paz town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for La Paz town, Indiana (place:42192, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in La Paz at a glance
- Home values in La Paz
- Homeowner costs in La Paz
- Property taxes in La Paz
- Types of homes in La Paz
- Bedrooms in La Paz
- Age of homes in La Paz
- Heating fuel in La Paz
- Commute and cars in La Paz
- Indiana landlord and tenant rules
- Housing across Marshall County
- Indiana places ranked by median household income
- Housing data for every place in Indiana