Spring Lake town, Indiana Demographics & Population 2026

Population Overview

Spring Lake town is a small community located in Indiana. The total population is 215. It ranks as the 698th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Spring Lake town is 64.1 years. This is 69% higher than the state median of 38.0 years. Only 2.8% of residents are under 18, indicating fewer families with children. 13.5% 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 Spring Lake town is $59,583. This is 15% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 24% lower. The poverty rate stands at 0.9%. This is 92% 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 3.2%. This is 27% lower than the state rate of 4.3%. The median home value is $155,500. Housing costs are 23% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.6x, Spring Lake town is one of the most affordable housing markets in the area. 95.0% of occupied housing units are owner-occupied. This homeownership rate is 35% higher than the state average of 70.3%.

Race & Ethnicity

Spring Lake town has a predominantly White (non-Hispanic) population, comprising 97.7% of all residents. Hispanic or Latino residents account for 1.4%. The Hispanic or Latino population (1.4%) is well below the state average of 8.4%. The Asian population (0.9%) is well below the state average of 2.5%.

Education

14.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 51% lower 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 92.4%.

Data Sources & Methodology

All demographic data for Spring Lake town, 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.