Snow Lake, IN
Population 497 · Indiana
About Snow Lake, IN
Snow Lake is a small community located in Indiana with a population of 497 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,333 per year, which is 4% above the national median of $75,149. The median age of 46.6 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 Snow Lake features a median home value of $425,000, which is 74% above the national median of $244,900. This places Snow Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 332 total housing units, 97% are owner-occupied (228 units) and 3% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Snow Lake 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 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Snow Lake have an average one-way commute time of 39.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
50.0% of Snow 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 1.8% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Snow Lake Ranks in Indiana
Cost of Living in Snow Lake, IN
Compared to national averages, Snow Lake has a median household income of $78,333 (4% above the national median of $75,149). Home values average $425,000, which is 74% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Snow Lake's income is 13% above the state average of $69,330, and home values are 160% above the state median of $163,409.
Why Live in Snow Lake, IN?
Snow Lake offers a strong local economy with a median household income of $78,333, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 50.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $425,000. However, Snow Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Snow Lake has a population of 497 with a median age of 46.6 years. Compare Snow Lake with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
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 Snow Lake
What is the population of Snow Lake, IN?
The population of Snow Lake, IN is 497 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 Snow Lake?
The median household income in Snow Lake, IN is $78,333 per year, which is 4% above the national median of $75,149.
What is the median home value in Snow Lake?
The median home value in Snow Lake, IN is $425,000, which is 74% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Snow Lake?
The median monthly rent in Snow Lake, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Snow Lake?
The unemployment rate in Snow Lake, 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 Snow Lake, IN a good place to live?
Snow Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 497 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Snow Lake, IN?
50.0% of residents in Snow 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 Snow Lake?
Key cost-of-living indicators for Snow Lake, IN: median home value is $425,000 (74% above national), median rent is $0/month, and median household income is $78,333. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Snow Lake?
The poverty rate in Snow Lake, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Snow Lake, IN?
Snow Lake's population is 1.8% White, 1.4% 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.