Lake Bruce, IN
Population 196 · Indiana
About Lake Bruce, IN
Lake Bruce is a small community located in Indiana with a population of 196 residents according to the latest US Census Bureau American Community Survey data. The median household income is $29,643 per year, which is 61% below the national median of $75,149. The median age of 58.1 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 Lake Bruce features a median home value of $179,600, which is 27% below the national median of $244,900. This positions Lake Bruce in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 245 total housing units, 89% are owner-occupied (105 units) and 11% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Bruce shows an unemployment rate of 54.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 25.5%, above the national average of 12.4%. Workers in Lake Bruce have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
8.0% of Lake Bruce residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. 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 1.5% of the population being foreign-born.
Cost of Living in Lake Bruce, IN
Compared to national averages, Lake Bruce has a median household income of $29,643 (61% below the national median of $75,149). Home values average $179,600, which is 27% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Lake Bruce's income is 57% below the state average of $69,330, and home values are 10% above the state median of $163,409.
Why Live in Lake Bruce, IN?
Lake Bruce offers affordable housing with a median home value of $179,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($29,643) that falls below the national average. However, Lake Bruce’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Bruce has a population of 196 with a median age of 58.1 years. Compare Lake Bruce with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lake Bruce
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dunreith | 196 | $59,375 | $99,000 | Compare |
| Hillsdale | 195 | $64,091 | $137,100 | Compare |
| Leiters Ford | 194 | $0 | $283,300 | Compare |
| Mellott | 198 | $84,792 | $152,800 | Compare |
| West Middleton | 194 | $0 | $218,600 | Compare |
| Craigville | 199 | $130,500 | $346,400 | Compare |
| Harrison Lake | 193 | $0 | $788,200 | Compare |
| Lamb | 193 | $0 | $0 | 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.
Compare Lake Bruce With Other Cities
Frequently Asked Questions about Lake Bruce
What is the population of Lake Bruce, IN?
The population of Lake Bruce, IN is 196 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 Lake Bruce?
The median household income in Lake Bruce, IN is $29,643 per year, which is 61% below the national median of $75,149.
What is the median home value in Lake Bruce?
The median home value in Lake Bruce, IN is $179,600, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Bruce?
The median monthly rent in Lake Bruce, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Bruce?
The unemployment rate in Lake Bruce, IN is 54.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Bruce, IN a good place to live?
Lake Bruce offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 196 and a median age of 58.1, the city appeals to established professionals and retirees.
How educated is Lake Bruce, IN?
8.0% of residents in Lake Bruce aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Bruce?
Key cost-of-living indicators for Lake Bruce, IN: median home value is $179,600 (27% below national), median rent is $0/month, and median household income is $29,643. The home-value-to-income ratio is 6.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Lake Bruce?
The poverty rate in Lake Bruce, IN is 25.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Bruce, IN?
Lake Bruce's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 13.8% two or more races. 1.5% of residents are foreign-born.