Lake Eliza, IN
Population 725 · Indiana
About Lake Eliza, IN
Lake Eliza is a small community located in Indiana with a population of 725 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,286 per year, which is 13% above the national median of $75,149. The median age of 33.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake Eliza features a median home value of $168,000, which is 31% below the national median of $244,900. This positions Lake Eliza 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 281 total housing units, 96% are owner-occupied (270 units) and 4% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Eliza shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Eliza have an average one-way commute time of 49.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
4.3% of Lake Eliza 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 1.2% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Eliza, IN
Compared to national averages, Lake Eliza has a median household income of $85,286 (13% above the national median of $75,149). Home values average $168,000, which is 31% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Lake Eliza's income is 23% above the state average of $69,330, and home values are 3% above the state median of $163,409.
Why Live in Lake Eliza, IN?
Lake Eliza offers a strong local economy with a median household income of $85,286, well above the national average, and affordable housing with a median home value of $168,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 9.2%, better than the national average.
Lake Eliza has a population of 725 with a median age of 33.4 years. Compare Lake Eliza with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lake Eliza
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oaktown | 724 | $30,417 | $67,700 | Compare |
| Waldron | 729 | $88,333 | $114,700 | Compare |
| Browns Crossing | 731 | $155,467 | $0 | Compare |
| Dugger | 731 | $58,585 | $79,400 | Compare |
| Fountain City | 718 | $46,106 | $96,900 | Compare |
| Walton | 734 | $46,176 | $89,200 | Compare |
| Gaston | 709 | $49,417 | $87,300 | Compare |
| Pleasant View Village | 741 | $94,395 | $192,100 | 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 Eliza With Other Cities
Frequently Asked Questions about Lake Eliza
What is the population of Lake Eliza, IN?
The population of Lake Eliza, IN is 725 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 Eliza?
The median household income in Lake Eliza, IN is $85,286 per year, which is 13% above the national median of $75,149.
What is the median home value in Lake Eliza?
The median home value in Lake Eliza, IN is $168,000, which is 31% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Eliza?
The median monthly rent in Lake Eliza, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Eliza?
The unemployment rate in Lake Eliza, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Eliza, IN a good place to live?
Lake Eliza offers above-average incomes, affordable housing, and a strong job market. With a population of 725 and a median age of 33.4, the city appeals to young professionals and families.
How educated is Lake Eliza, IN?
4.3% of residents in Lake Eliza 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 Eliza?
Key cost-of-living indicators for Lake Eliza, IN: median home value is $168,000 (31% below national), median rent is $0/month, and median household income is $85,286. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Eliza?
The poverty rate in Lake Eliza, IN is 9.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Eliza, IN?
Lake Eliza's population is 1.2% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.