Spring Lake, IN
Population 215 · Indiana
About Spring Lake, IN
Spring Lake is a small community located in Indiana with a population of 215 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,583 per year, which is 21% below the national median of $75,149. The median age of 64.1 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 Spring Lake features a median home value of $155,500, which is 37% below the national median of $244,900. This positions Spring Lake 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 121 total housing units, 95% are owner-occupied (115 units) and 5% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spring Lake shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spring Lake have an average one-way commute time of 27.8 minutes.
Education & Demographics
14.1% of Spring Lake 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 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Spring Lake, IN
Compared to national averages, Spring Lake has a median household income of $59,583 (21% below the national median of $75,149). Home values average $155,500, which is 37% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Spring Lake's income is 14% below the state average of $69,330, and home values are 5% below the state median of $163,409.
Why Live in Spring Lake, IN?
Spring Lake offers affordable housing with a median home value of $155,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features a low poverty rate of 0.9%, better than the national average.
Potential considerations include median household income ($59,583) that falls below the national average. However, Spring Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spring Lake has a population of 215 with a median age of 64.1 years. Compare Spring Lake with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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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 Lake
What is the population of Spring Lake, IN?
The population of Spring Lake, IN is 215 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 Lake?
The median household income in Spring Lake, IN is $59,583 per year, which is 21% below the national median of $75,149.
What is the median home value in Spring Lake?
The median home value in Spring Lake, IN is $155,500, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spring Lake?
The median monthly rent in Spring Lake, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Spring Lake?
The unemployment rate in Spring Lake, IN is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Spring Lake, IN a good place to live?
Spring Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 215 and a median age of 64.1, the city appeals to established professionals and retirees.
How educated is Spring Lake, IN?
14.1% of residents in Spring Lake 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 Lake?
Key cost-of-living indicators for Spring Lake, IN: median home value is $155,500 (37% below national), median rent is $0/month, and median household income is $59,583. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spring Lake?
The poverty rate in Spring Lake, IN is 0.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spring Lake, IN?
Spring Lake's population is 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.