Living in Otter Lake, Indiana
Cost of living, income, home prices, rent and demographics of Otter Lake · Census data 2020–2024
Otter Lake has 216 residents with a median age of 48.4. The median household income is $158,603 (120% higher than the Indiana median), the median home value is $232,000.
Otter Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Otter Lake at a glance
- Population
- 216
- Median age
- 48.4State: 38.1
- Median household income
- $158,603State: $71,957
- Median home value
- $232,000State: $218,200
- Homeowners
- 100%
- Bachelor's degree or higher
- 21.2%
- Average commute
- 29 min
Is Otter Lake a good place to live?
Pros: Median household income 120% higher than the Indiana median; a poverty rate of 3.2%.
Cons: Home values 6% higher than the state median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Otter Lake
Housing is the biggest part of the cost of living. In Otter Lake the median home value is $232,000, 30% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,500 a month in housing costs.
Otter Lake median household income
The median household income in Otter Lake is $158,603 and the income per person is $40,815. 3.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Otter Lake: homes for sale and rent
- Housing units
- 171
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 56.1%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.88
56.1% of homes are vacant most of the year, a sign that Otter Lake has many vacation and second homes.
Otter Lake demographics
- Population
- 216
- Median age
- 48.4
- Under 18
- 14.8%
- 65 and older
- 24.1%
- Households
- 75
- Foreign-born
- 0%
- Veterans
- 34.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Otter Lake ›
Education in Otter Lake
21.2% of adults 25 and older in Otter Lake have a bachelor's degree or higher (Indiana: 29.5%), and 2.9% have a graduate or professional degree.
Jobs and commute in Otter Lake
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 0%
- Drive alone
- 86.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88%
Otter Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Otter Lake | 216 | $158,603 | $232,000 | — |
| Wildwood | 116 | $65,179 | $192,300 | — |
| Stroh | 238 | $76,290 | — | — |
| Orland | 434 | $57,639 | $130,100 | $817 |
| Jimmerson Lake | 1,024 | $100,566 | $341,500 | — |
| Angola | 9,408 | $64,540 | $205,400 | $933 |
| Hudson | 610 | $67,500 | $100,000 | $1,344 |
| South Milford | 284 | $117,250 | $184,700 | — |
| Pleasant Lake | 829 | $75,647 | $145,200 | — |
More for people moving to Otter Lake
Otter Lake ZIP code ›Weather and climate ›Living in Otter Lake: FAQ
What is the median household income in Otter Lake, IN?
The median household income in Otter Lake is $158,603, 120% 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 Otter Lake?
The median home value in Otter Lake is $232,000, compared with $218,200 in Indiana.
Is Otter Lake, IN a good place to live?
Pluses: median household income 120% higher than the Indiana median; a poverty rate of 3.2%. Minuses: home values 6% higher than the state median; an average commute of 29 minutes.
What is the median age in Otter Lake?
The median age in Otter Lake is 48.4 years (Indiana: 38.1).
How long is the commute in Otter Lake?
The average commute to work in Otter Lake is 29 minutes; 0% of workers work from home.
What is the unemployment rate in Otter Lake?
The unemployment rate in Otter Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Otter Lake?
21.2% of adults in Otter 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.
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