Wolflake, IN
Population 337 · Indiana
About Wolflake, IN
Wolflake is a small community located in Indiana with a population of 337 residents according to the latest US Census Bureau American Community Survey data. The median household income is $31,224 per year, which is 58% below the national median of $75,149. The median age of 55.5 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 Wolflake features a median home value of $106,400, which is 57% below the national median of $244,900. This makes Wolflake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 146 total housing units, 100% are owner-occupied (146 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wolflake 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 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wolflake have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Wolflake 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 0.0% White, 0.0% 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 Wolflake, IN
Compared to national averages, Wolflake has a median household income of $31,224 (58% below the national median of $75,149). Home values average $106,400, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Wolflake's income is 55% below the state average of $69,330, and home values are 35% below the state median of $163,409.
Why Live in Wolflake, IN?
Wolflake offers affordable housing with a median home value of $106,400, 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 0.0%. Additionally, the city features a low poverty rate of 5.3%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($31,224) that falls below the national average. However, Wolflake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wolflake has a population of 337 with a median age of 55.5 years. Compare Wolflake 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 Wolflake
What is the population of Wolflake, IN?
The population of Wolflake, IN is 337 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 Wolflake?
The median household income in Wolflake, IN is $31,224 per year, which is 58% below the national median of $75,149.
What is the median home value in Wolflake?
The median home value in Wolflake, IN is $106,400, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wolflake?
The median monthly rent in Wolflake, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Wolflake?
The unemployment rate in Wolflake, 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 Wolflake, IN a good place to live?
Wolflake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 337 and a median age of 55.5, the city appeals to established professionals and retirees.
How educated is Wolflake, IN?
0.0% of residents in Wolflake 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 Wolflake?
Key cost-of-living indicators for Wolflake, IN: median home value is $106,400 (57% below national), median rent is $0/month, and median household income is $31,224. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wolflake?
The poverty rate in Wolflake, IN is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wolflake, IN?
Wolflake's population is 0.0% White, 0.0% 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.