Living in Schaefer Lake, Indiana
Cost of living, income, home prices, rent and demographics of Schaefer Lake · Census data 2020–2024
Schaefer Lake has 229 residents with a median age of 64.1. The median household income is $130,721 (82% higher than the Indiana median), the median home value is $257,800.
Schaefer Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Schaefer Lake at a glance
- Population
- 229
- Median age
- 64.1State: 38.1
- Median household income
- $130,721State: $71,957
- Median home value
- $257,800State: $218,200
- Homeowners
- 100%
- Bachelor's degree or higher
- 48%
Is Schaefer Lake a good place to live?
Pros: Median household income 82% higher than the Indiana median.
Cons: Home values 18% higher than the state median.
The weather is best in May and August to October.
Cost of living in Schaefer Lake
Housing is the biggest part of the cost of living. In Schaefer Lake the median home value is $257,800, 23% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,385 a month in housing costs.
Schaefer Lake median household income
The median household income in Schaefer Lake is $130,721 and the income per person is $52,534. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Schaefer Lake: homes for sale and rent
- Housing units
- 81
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.05
Schaefer Lake demographics
- Population
- 229
- Median age
- 64.1
- Under 18
- 0%
- 65 and older
- 38.9%
- Households
- 81
- Foreign-born
- 5.7%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Schaefer Lake ›
Education in Schaefer Lake
48% of adults 25 and older in Schaefer Lake have a bachelor's degree or higher (Indiana: 29.5%), and 28.2% have a graduate or professional degree.
Jobs and commute in Schaefer Lake
- Unemployment rate
- 0%State: 4.3%
- Average commute
- —State: 24 min
- Work from home
- 26.8%
- Drive alone
- 73.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Schaefer Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Schaefer Lake | 229 | $130,721 | $257,800 | — |
| Hope | 2,029 | $76,188 | $148,600 | $1,156 |
| Hartsville | 277 | $64,375 | $147,300 | $972 |
| Newbern | 210 | $165,486 | $287,500 | — |
| Petersville | 134 | $75,208 | $155,400 | — |
| Clifford | 165 | $58,750 | $125,900 | $776 |
| Flat Rock | 121 | $59,000 | $135,300 | — |
| Geneva | 265 | $85,188 | $175,900 | — |
| Columbus | 51,824 | $77,456 | $244,200 | $1,157 |
More for people moving to Schaefer Lake
Schaefer Lake ZIP code ›Weather and climate ›Living in Schaefer Lake: FAQ
What is the median household income in Schaefer Lake, IN?
The median household income in Schaefer Lake is $130,721, 82% 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 Schaefer Lake?
The median home value in Schaefer Lake is $257,800, compared with $218,200 in Indiana.
Is Schaefer Lake, IN a good place to live?
Pluses: median household income 82% higher than the Indiana median. Minuses: home values 18% higher than the state median.
What is the median age in Schaefer Lake?
The median age in Schaefer Lake is 64.1 years (Indiana: 38.1).
What is the unemployment rate in Schaefer Lake?
The unemployment rate in Schaefer Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Schaefer Lake?
48% of adults in Schaefer 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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