Schaefer Lake CDP, Indiana Demographics & Population 2026

Population Overview

Schaefer Lake CDP is a small community located in Indiana. The total population is 245. It ranks as the 667th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Schaefer Lake CDP is 63.2 years. This is 66% higher than the state median of 38.0 years. Only 0.0% of residents are under 18, indicating fewer families with children. 15.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Schaefer Lake CDP is $177,632. This is 154% higher than the state median of $70,051. Compared to the national median of $78,538, household income here is 126% higher. The poverty rate stands at 0.0%. This is 100% lower than the state poverty rate of 12.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 4.3%. The median home value is $265,800. Housing costs are 32% higher than the state median of $201,600. With a home-value-to-income ratio of just 1.5x, Schaefer Lake CDP is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 42% higher than the state average of 70.3%.

Race & Ethnicity

Schaefer Lake CDP has a predominantly White (non-Hispanic) population, comprising 98.0% of all residents.

Education

47.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Schaefer Lake CDP in the top 10% of all cities in the state for educational attainment. This is 64% higher than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.6%. Notably, 27.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Schaefer Lake CDP, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.