Otter Lake, IN
Population 297 · Indiana
About Otter Lake, IN
Otter Lake is a small community in Indiana with a population of 297 residents. The median household income is $153,162 per year, which is above the national average. The median age in Otter Lake is 48.1 years.
Housing in Otter Lake has a median home value of $242,200 and median monthly rent of $0. Of the 240 total housing units, the majority are owner-occupied, with 97 owner-occupied and 0 renter-occupied units.
The unemployment rate in Otter Lake is 0.0% and the poverty rate is 2.4%. 19.3% of residents hold a bachelor's degree or higher. The average commute time is 28.1 minutes.
How Otter Lake Ranks in Indiana
Cost of Living in Otter Lake, IN
Compared to national averages, Otter Lake has a median household income of $153,162 (104% above the national median of $75,149). Home values average $242,200, which is 1% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Otter Lake's income is 121% above the state average of $69,330, and home values are 48% above the state median of $163,409.
Why Live in Otter Lake, IN?
Otter Lake offers a strong local economy with a median household income of $153,162, well above the national average, and affordable housing with a median home value of $242,200, 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 2.4%, better than the national average.
Otter Lake has a population of 297 with a median age of 48.1 years. Compare Otter Lake with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Otter Lake
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Prairie Creek | 297 | $38,720 | $98,000 | Compare |
| Grammer | 298 | $0 | $0 | Compare |
| Young America | 298 | $51,667 | $109,900 | Compare |
| Hayden | 300 | $0 | $89,600 | Compare |
| Carbon | 293 | $70,000 | $73,300 | Compare |
| Russellville | 301 | $71,429 | $90,000 | Compare |
| Saratoga | 293 | $61,364 | $60,400 | Compare |
| Bloomingdale | 302 | $50,000 | $88,300 | 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 Otter Lake
What is the population of Otter Lake, IN?
The population of Otter Lake, IN is 297 according to the latest Census data.
What is the median household income in Otter Lake?
The median household income in Otter Lake, IN is $153,162 per year.
What is the median home value in Otter Lake?
The median home value in Otter Lake, IN is $242,200.
What is the average rent in Otter Lake?
The median monthly rent in Otter Lake, IN is $0.
What is the unemployment rate in Otter Lake?
The unemployment rate in Otter Lake, IN is 0.0%.