Otter Lake, IN

Indiana

Otter Lake is a small town in Indiana with a population of 297. Residents earn $153,162 per year, which is 104% above the national average.

4.2 /5.0
A Great
297 Population 594/sq mi density
$153,162 Median Income $36,957 per capita
$242,200 Home Value
N/A Median Rent
48°F Avg Temperature
A
Overall
4.2 / 5.0
Great overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$153,162 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$242,200 home value
C+
Education
2.5 / 5.0
19.3% bachelor's degree or higher
Median Income $153,162
104% higher than US avg
Home Value $242,200
14% lower than US avg
Bachelor's+ 19.3%
43% lower than US avg
Unemployment 0.0%
100% lower than US avg
Poverty Rate 2.4%
81% lower than US avg

How Otter Lake Compares to the U.S. Average (100% = U.S. avg)

People

Population297
Median Age48.1 yrs
Density594/mi²
Male / Female45% / 55%
Largest GroupWhite 98%
Veterans35.6%

Economy

A+
Median Income$153,162
Per Capita$36,957
Unemployment0.0%
Poverty2.4%
County GDP$1,959M
Commute28 min

Housing

A+
Home Value$242,200
RentN/A
OwnershipN/A

Crime

ViolentN/A
PropertyN/A

Health

ObesityN/A
UninsuredN/A

Climate

Avg Temp48°F
AQI41 (Good)
Rain38.8 in/yr
Elevation997 ft

Education

C+
Bachelor's+19.3%
High School+95.2%
School Score6.01

Community

2024 VoteR 70% / D 28%
Commute28 min
Broadband97.0%
Libraries3

Is Otter Lake a Good Place to Live?

Based on current data, Otter Lake receives an overall livability score of 4.2 out of 5.0, earning a grade of A. Key strengths include above-average household incomes, low unemployment, affordable housing, a low poverty rate. Otter Lake stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Otter Lake is $153,162, which is significantly higher than the national average — 104% above $75,149. This places Otter Lake among higher-income communities. The job market is very strong with unemployment at just 0.0%. Only 2.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 28 minutes.

Cost of Living & Housing

The median home value in Otter Lake is $242,200, 14% below the national median — offering relatively affordable homeownership. At just 1.6x median income, home prices are very affordable relative to local earnings.

Education

19.3% of residents hold a bachelor's degree, below the national average of 33.7%. 95.2% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Otter Lake experiences four distinct seasons with an average temperature of 48°F. Winters average 23°F in January while summers reach 72°F in July. Annual precipitation totals 38.8 inches, including 38.9 inches of snow. Air quality is rated Good with a median AQI of 41.

Otter Lake has a population of 297 with a density of 594 people per square mile. The median age is 48.1 years, 24% older than the national median of 38.9. The city is predominantly White (98%), with 2% Hispanic.

Population

297
Total Population
594
People / sq mi
48.1yrs
Median Age
24% above US avg
0.5mi²
Land Area

Gender Distribution

Male 45.1%
Female 54.9%

Race & Ethnicity

Otter Lake vs U.S. Average

Language Spoken at Home

English Only100.0%
27% above US avg
Spanish0.0%
100% below US avg

Social Characteristics

Otter Lake vs U.S. Average

The median household income in Otter Lake is $153,162, which is 104% above the national average of $75,149. The unemployment rate is 0.0% (below the 3.6% US average). 2.4% of residents live below the poverty line. Workers commute an average of 28 minutes.

Income: Otter Lake vs U.S.

Commute Mode

Income

Median HH Income$153,162
104% above US avg
Per Capita Income$36,957
Avg Weekly Wage$942
IRS Avg AGI$73,323

Employment & Poverty

Unemployment0.0%
100% below US avg
Poverty Rate2.4%
81% below US avg
Establishments (County)1,020
County GDP$1,959M

Business (County)

Restaurants93
Healthcare82
Retail155
Manufacturing87

Tax & Cost of Living

Property Tax (IRS)$3,910
12% above US avg
Effective Tax Rate1.61%

Commute & Transportation

Commute Time28.1 min
Drive Alone88.9%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Otter Lake is $242,200, 14% below the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$242,200
14% below US avg

Real Estate Market (Redfin)

Rental Costs

HUD Fair Market Rent

Studio$816
1 Bedroom$882
2 Bedrooms$1,096
3 Bedrooms$1,391
4 Bedrooms$1,590

Ownership & Property

Owner-Occupied100.0%

Property Tax

Avg Tax (IRS)$3,910
12% above US avg
Effective Rate1.61%

Health Metrics: Otter Lake vs U.S. Average (%)

Chronic Conditions

Behaviors & Mental Health

Healthcare Access

Insurance Rate97.7%
Premature Death8,642/100K

Food & Exercise

Food Environment7.6/10
Exercise Access53.9%
Healthcare Facilities82

Crime Rates: Otter Lake vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)4

Safety Score

Otter Lake has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 72°F in July. Annual precipitation is 38.8 inches. Air quality is rated Good with a median AQI of 41.

Temperature

23°F Jan (-5°C) 72°F Jul (22°C)
Annual Average48.3°F
11% below US avg
January Average23°F (-5°C)
July Average72°F (22°C)

Precipitation & Snow

Annual Rainfall38.8 inches
2% above US avg
Snowfall38.9 inches/yr

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation997 ft (304 m)
Area0.5 sq mi (1.3 km²)
Population Density594/sq mi
Coordinates41.6381°N, 85.1715°W
County FIPS18151
It is classified as Nonmetro — Urban 2.5K–20K. 19.3% of residents hold a bachelor's degree or higher (43% below US avg). In the 2024 election, the county voted Republican by a 42.1-point margin. 97.0% of households have broadband internet.

2024 Presidential Election (County)

R 70.2%
D 28.1%

Winner: Republican by 42.1 points

Education

Bachelor's Degree+19.3%
43% below US avg
High School+95.2%
School Test Score6.01
C+ Education Grade (2.5/5.0)

Urban-Rural Classification

RUCC Code 7Nonmetro — Urban 2.5K–20K
Population Density594/sq mi
Total Area0.5 sq mi

Infrastructure & Services

Broadband Access97.0%
Public Libraries3
Healthcare Facilities82
Restaurants93
Retail Stores155

Safety & Disasters

Fatal Crashes (County/yr)4

Commute & Transportation

Avg Commute28.1 min
Drive Alone88.9%
Public Transit0.0%
Work from Home0.0%

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