Living in Spring Lake, Indiana
Cost of living, income, home prices, rent and demographics of Spring Lake · Census data 2020–2024
Spring Lake has 224 residents with a median age of 63.8. The median household income is $50,938 (29% lower than the Indiana median), the median home value is $169,400.
Spring Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spring Lake at a glance
- Population
- 224
- Median age
- 63.8State: 38.1
- Median household income
- $50,938State: $71,957
- Median home value
- $169,400State: $218,200
- Homeowners
- 99.2%
- Bachelor's degree or higher
- 16.8%
- Average commute
- 28 min
Is Spring Lake a good place to live?
Pros: Home values 22% lower than the state median; unemployment of 4.3%; a poverty rate of 0.9%.
Cons: Median household income 29% lower than the Indiana median; an average commute of 28 minutes.
The weather is best in May–June and August–September.
Cost of living in Spring Lake
Housing is the biggest part of the cost of living. In Spring Lake the median home value is $169,400, 49% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,133 a month in housing costs.
Spring Lake median household income
The median household income in Spring Lake is $50,938 and the income per person is $44,885. 0.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Spring Lake: homes for sale and rent
- Housing units
- 125
- Owner-occupied
- 99.2%
- Renter-occupied
- 0.8%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 1.79
Spring Lake demographics
- Population
- 224
- Median age
- 63.8
- Under 18
- 4.9%
- 65 and older
- 46%
- Households
- 125
- Foreign-born
- 0.4%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Spring Lake ›
Education in Spring Lake
16.8% of adults 25 and older in Spring Lake have a bachelor's degree or higher (Indiana: 29.5%), and 3.7% have a graduate or professional degree.
Jobs and commute in Spring Lake
- Unemployment rate
- 4.3%State: 4.3%
- Average commute
- 28 minState: 24 min
- Work from home
- 14.9%
- Drive alone
- 77%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.4%
Spring Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spring Lake | 224 | $50,938 | $169,400 | — |
| Philadelphia | 431 | $24,873 | $214,500 | — |
| New Palestine | 3,227 | $96,923 | $357,500 | $1,129 |
| Greenfield | 24,940 | $76,127 | $216,400 | $1,177 |
| Cumberland | 6,267 | $87,364 | $239,200 | $1,157 |
| Carrollton | 267 | $125,882 | $360,400 | — |
| Maxwell | 413 | $75,568 | $225,000 | — |
| McCordsville | 10,329 | $110,692 | $345,400 | $1,283 |
| Morristown | 1,134 | $53,250 | $162,000 | $902 |
More for people moving to Spring Lake
Spring Lake ZIP code ›Weather and climate ›Living in Spring Lake: FAQ
What is the median household income in Spring Lake, IN?
The median household income in Spring Lake is $50,938, 29% lower 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 Spring Lake?
The median home value in Spring Lake is $169,400, compared with $218,200 in Indiana.
Is Spring Lake, IN a good place to live?
Pluses: home values 22% lower than the state median; unemployment of 4.3%; a poverty rate of 0.9%. Minuses: median household income 29% lower than the Indiana median; an average commute of 28 minutes.
What is the median age in Spring Lake?
The median age in Spring Lake is 63.8 years (Indiana: 38.1).
How long is the commute in Spring Lake?
The average commute to work in Spring Lake is 28 minutes; 14.9% of workers work from home.
What is the unemployment rate in Spring Lake?
The unemployment rate in Spring Lake is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spring Lake?
16.8% of adults in Spring 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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