Living in Hoffman Lake, Indiana
Cost of living, income, home prices, rent and demographics of Hoffman Lake · Census data 2020–2024
Hoffman Lake has 382 residents with a median age of 50.7. The median household income is $84,276 (17% higher than the Indiana median), the median home value is $201,200.
Hoffman Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hoffman Lake at a glance
- Population
- 382
- Median age
- 50.7State: 38.1
- Median household income
- $84,276State: $71,957
- Median home value
- $201,200State: $218,200
- Homeowners
- 75.1%
- Bachelor's degree or higher
- 21.6%
- Average commute
- 25 min
Is Hoffman Lake a good place to live?
Pros: Median household income 17% higher than the Indiana median; home values 8% lower than the state median.
Cons: An average commute of 25 minutes; unemployment of 9.9%.
The weather is best in June to September.
Cost of living in Hoffman Lake
Housing is the biggest part of the cost of living. In Hoffman Lake the median home value is $201,200, 40% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,151 a month in housing costs.
Hoffman Lake median household income
The median household income in Hoffman Lake is $84,276 and the income per person is $52,059. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Hoffman Lake: homes for sale and rent
- Housing units
- 276
- Owner-occupied
- 75.1%
- Renter-occupied
- 24.9%
- Vacant
- 31.5%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.02
31.5% of homes are vacant most of the year, a sign that Hoffman Lake has many vacation and second homes.
Hoffman Lake demographics
- Population
- 382
- Median age
- 50.7
- Under 18
- 0%
- 65 and older
- 32.7%
- Households
- 189
- Foreign-born
- 7.9%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Hoffman Lake ›
Education in Hoffman Lake
21.6% of adults 25 and older in Hoffman Lake have a bachelor's degree or higher (Indiana: 29.5%), and 0% have a graduate or professional degree.
Jobs and commute in Hoffman Lake
- Unemployment rate
- 9.9%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 19.5%
- Drive alone
- 51.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Hoffman Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hoffman Lake | 382 | $84,276 | $201,200 | — |
| Etna Green | 441 | $63,281 | $98,300 | $660 |
| Bourbon | 1,760 | $73,510 | $164,400 | $891 |
| Palestine | 1,085 | $91,653 | $158,200 | $1,083 |
| Mentone | 768 | $60,000 | $112,000 | $797 |
| Warsaw | 16,768 | $61,035 | $181,200 | $1,066 |
| Tippecanoe | 378 | $52,935 | $102,200 | — |
| Leesburg | 652 | $101,563 | $172,300 | $1,071 |
| Burket | 203 | $55,833 | $109,400 | $950 |
More for people moving to Hoffman Lake
Hoffman Lake ZIP code ›Weather and climate ›Living in Hoffman Lake: FAQ
What is the median household income in Hoffman Lake, IN?
The median household income in Hoffman Lake is $84,276, 17% higher than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hoffman Lake?
The median home value in Hoffman Lake is $201,200, compared with $218,200 in Indiana.
Is Hoffman Lake, IN a good place to live?
Pluses: median household income 17% higher than the Indiana median; home values 8% lower than the state median. Minuses: an average commute of 25 minutes; unemployment of 9.9%.
What is the median age in Hoffman Lake?
The median age in Hoffman Lake is 50.7 years (Indiana: 38.1).
How long is the commute in Hoffman Lake?
The average commute to work in Hoffman Lake is 25 minutes; 19.5% of workers work from home.
What is the unemployment rate in Hoffman Lake?
The unemployment rate in Hoffman Lake is 9.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hoffman Lake?
21.6% of adults in Hoffman Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: