Spring Grove, IN
Population 492 · Indiana
About Spring Grove, IN
Spring Grove is a small community located in Indiana with a population of 492 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,804 per year, which is 26% below the national median of $75,149. The median age of 42.5 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 Spring Grove features a median home value of $133,300, which is 46% below the national median of $244,900. This makes Spring Grove one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $441, 62% below the national average of $1,163/month. Of the 232 total housing units, 69% are owner-occupied (148 units) and 31% are renter-occupied (65 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spring Grove shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 22.4%, above the national average of 12.4%. Workers in Spring Grove have an average one-way commute time of 11.7 minutes, one of the shorter commutes in the region.
Education & Demographics
25.1% of Spring Grove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
How Spring Grove Ranks in Indiana
Cost of Living in Spring Grove, IN
Compared to national averages, Spring Grove has a median household income of $55,804 (26% below the national median of $75,149). Home values average $133,300, which is 46% below the national median. Monthly rent at $441 is 62% below the US average of $1,163. Within Indiana, Spring Grove's income is 20% below the state average of $69,330, and home values are 18% below the state median of $163,409.
Why Live in Spring Grove, IN?
Spring Grove offers affordable housing with a median home value of $133,300, below the US average of $244,900, and rent that’s lower than the national average at $441/month, and short commute times averaging just 11.7 minutes.
Potential considerations include median household income ($55,804) that falls below the national average. However, Spring Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spring Grove has a population of 492 with a median age of 42.5 years. Compare Spring Grove with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Spring Grove
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 Spring Grove
What is the population of Spring Grove, IN?
The population of Spring Grove, IN is 492 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 Spring Grove?
The median household income in Spring Grove, IN is $55,804 per year, which is 26% below the national median of $75,149.
What is the median home value in Spring Grove?
The median home value in Spring Grove, IN is $133,300, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spring Grove?
The median monthly rent in Spring Grove, IN is $441, which is 62% below the national average of $1,163/month.
What is the unemployment rate in Spring Grove?
The unemployment rate in Spring Grove, IN is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spring Grove, IN a good place to live?
Spring Grove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 492 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Spring Grove, IN?
25.1% of residents in Spring Grove 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 Spring Grove?
Key cost-of-living indicators for Spring Grove, IN: median home value is $133,300 (46% below national), median rent is $441/month, and median household income is $55,804. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spring Grove?
The poverty rate in Spring Grove, IN is 22.4%, 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 Spring Grove, IN?
Spring Grove's population is 1.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.0% two or more races. 2.4% of residents are foreign-born.