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46342 Income Statistics

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Comparison to Surrounding Areas

46342 Median Household Income

The median household income ($68,808) for 46342 is less than the median household income for 46307 ($98,580), 46368 ($71,188), 46385 ($95,350), Porter County ($82,915), and Hobart city ($69,398). But it's more than 46393 ($35,441), 46410 ($60,432), 46409 ($39,554), 46405 ($54,521), Lake County ($66,375), Wheeler CDP ($34,934), New Chicago town ($56,761), Merrillville town ($62,221), and Lake Station city ($53,588).

46342$68,808
Lake Station city$53,588
New Chicago town$56,761
Wheeler CDP$34,934
Hobart city$69,398
Merrillville town$62,221
Porter County$82,915
Lake County$66,375

46342 Average Household Income

The average household income ($82,299) for 46342 is less than the average household income for 46307 ($112,863), 46368 ($84,594), 46385 ($127,229), Lake County ($86,793), Porter County ($102,269), and Hobart city ($83,928). But it's more than 46410 ($77,629), 46393 ($50,727), 46405 ($66,051), 46409 ($46,296), Lake Station city ($64,271), Merrillville town ($79,566), New Chicago town ($70,774), and Wheeler CDP ($48,958).

46342$82,299
Lake Station city$64,271
New Chicago town$70,774
Wheeler CDP$48,958
Hobart city$83,928
Merrillville town$79,566
Porter County$102,269
Lake County$86,793

46342 Per-Capita Income

The per-capita income for 46342 is $33,579. The per capita income ($33,579) for 46342 is less than the per capita income for 46410 ($33,764), 46307 ($40,537), 46368 ($33,709), 46385 ($48,220), Lake County ($34,458), Porter County ($40,792), Hobart city ($34,984), and Merrillville town ($34,226). But it's more than 46393 ($30,148), 46405 ($24,822), 46409 ($17,818), Lake Station city ($24,258), New Chicago town ($25,618), and Wheeler CDP ($29,970).

46342$33,579
Lake Station city$24,258
New Chicago town$25,618
Wheeler CDP$29,970
Hobart city$34,984
Merrillville town$34,226
Porter County$40,792
Lake County$34,458

46342 High Income Households

3.1% of households make over $200,000 a year. The percent high income households (3.1%) for 46342 is more than 46410 (5.3%), 46307 (9.6%), 46368 (5.6%), 46385 (14.3%), 46393 (0.0%), 46405 (1.1%), 46409 (0.0%), Lake County (6.6%), Porter County (8.9%), Hobart city (3.8%), Lake Station city (0.9%), Merrillville town (5.3%), New Chicago town (1.5%), and Wheeler CDP (0.0%).

463423.1%
Lake Station city0.9%
New Chicago town1.5%
Wheeler CDP0.0%
Hobart city3.8%
Merrillville town5.3%
Porter County8.9%
Lake County6.6%

46342 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
46342$46,818$80,727$76,303$51,806
Lake Station city$-1$54,550$54,740$52,222
New Chicago town$-1$84,091$62,250$40,357
Wheeler CDP$-1$-1$34,934$-1
Hobart city$63,950$77,795$78,344$51,957
Merrillville town$37,457$73,210$83,851$37,055
Porter County$39,110$93,851$98,405$58,323
Lake County$38,548$70,231$83,584$50,056

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 46342 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
46342+/-$4,404+/-$5,086+/-$1,918+/-1.2%+/-$20,600+/-$9,424+/-$7,596+/-$7,586
Lake Station city+/-$5,179+/-$7,501+/-$2,913+/-0.9%+/-$-1+/-$9,452+/-$21,916+/-$21,657
New Chicago town+/-$10,983+/-$9,295+/-$2,575+/-1.6%+/-$-1+/-$29,725+/-$19,825+/-$19,908
Wheeler CDP+/-$7,785+/-$22,561+/-$9,161+/-31.0%+/-$-1+/-$-1+/-$4,517+/-$-1
Hobart city+/-$4,772+/-$5,253+/-$2,073+/-1.2%+/-$19,973+/-$14,453+/-$6,126+/-$11,004
Merrillville town+/-$7,677+/-$6,297+/-$2,737+/-2.2%+/-$35,583+/-$7,195+/-$6,694+/-$6,074
Porter County+/-$2,191+/-$3,003+/-$1,126+/-0.8%+/-$9,667+/-$6,221+/-$3,581+/-$3,794
Lake County+/-$1,228+/-$1,480+/-$556+/-0.4%+/-$7,435+/-$2,857+/-$2,839+/-$1,283