Clear Lake, IN
Population 409 · Indiana
About Clear Lake, IN
Clear Lake is a small community located in Indiana with a population of 409 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,563 per year, which is 35% above the national median of $75,149. The median age of 66.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Clear Lake features a median home value of $741,500, which is 203% above the national median of $244,900. This places Clear Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,188, 2% above the national average of $1,163/month. Of the 609 total housing units, 85% are owner-occupied (183 units) and 15% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Clear Lake shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Clear Lake have an average one-way commute time of 28.6 minutes.
Education & Demographics
46.1% of Clear Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Clear Lake, IN
Compared to national averages, Clear Lake has a median household income of $101,563 (35% above the national median of $75,149). Home values average $741,500, which is 203% above the national median. Monthly rent at $1,188 is 2% above the US average of $1,163. Within Indiana, Clear Lake's income is 46% above the state average of $69,330, and home values are 354% above the state median of $163,409.
Why Live in Clear Lake, IN?
Clear Lake offers a strong local economy with a median household income of $101,563, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 46.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $741,500. However, Clear Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Clear Lake has a population of 409 with a median age of 66.2 years. Compare Clear Lake with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Clear Lake
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Liberty Center | 409 | $82,966 | $0 | Compare |
| Carrollton | 411 | $121,574 | $309,800 | Compare |
| Plainville | 405 | $51,667 | $90,700 | Compare |
| Charlottesville | 403 | $0 | $210,400 | Compare |
| Glenwood | 403 | $47,167 | $87,300 | Compare |
| Metamora | 402 | $60,682 | $131,800 | Compare |
| Mooreland | 417 | $58,854 | $82,700 | Compare |
| Advance | 418 | $65,000 | $164,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Clear Lake
What is the population of Clear Lake, IN?
The population of Clear Lake, IN is 409 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Clear Lake?
The median household income in Clear Lake, IN is $101,563 per year, which is 35% above the national median of $75,149.
What is the median home value in Clear Lake?
The median home value in Clear Lake, IN is $741,500, which is 203% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Clear Lake?
The median monthly rent in Clear Lake, IN is $1,188, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Clear Lake?
The unemployment rate in Clear Lake, IN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Clear Lake, IN a good place to live?
Clear Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 409 and a median age of 66.2, the city appeals to established professionals and retirees.
How educated is Clear Lake, IN?
46.1% of residents in Clear Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Clear Lake?
Key cost-of-living indicators for Clear Lake, IN: median home value is $741,500 (203% above national), median rent is $1,188/month, and median household income is $101,563. The home-value-to-income ratio is 7.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Clear Lake?
The poverty rate in Clear Lake, IN is 0.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Clear Lake, IN?
Clear Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.