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Otter Lake, IN

Full City Profile · Indiana · Steuben County County

3.4 /5.0
B Good
297 Population 594/sq mi density
$153,162 Median Income $36,957 per capita
$242,200 Home Value $214,157 Zillow
48°F Avg Temperature 275 sunny days/yr
46 Violent Crime/100K 4,237 property/100K
B
Overall
3.4 / 5.0
Good 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, /mo rent
F
Safety
1.0 / 5.0
46 violent crimes/100K
C+
Education
2.5 / 5.0
19.3% bachelor's degree or higher

Otter Lake, IN

At a Glance

Median Income
$153,162
104% above
$36,957 per capita
Home Value
$242,200
14% below
Zillow: $214,157
Violent Crime
46/100K
88% below
4,237/100K property
Bachelor's Degree+
19.3%
43% below
95.2% high school+
Unemployment
0.0%
100% below
0.0% poverty rate
Obesity Rate
36.1%
12% above
17.0% smoking rate
Avg Temperature
48°F
275 sunny days/yr

How Otter Lake Compares to the U.S. Average

Each bar shows Otter Lake's value as a percentage of the national average (100% = U.S. avg)

Income
204%
Home Value
86%
Poverty
0%
Bachelor's
57%
Unemployment
0%
Crime
12%
Thin vertical line = U.S. national average (100%)

Is Otter Lake a Good Place to Live?

B
3.4 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Otter Lake residents earn a median household income of $153,162 , which is 104% above the national average of $75,149. Per capita income is $36,957. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 1,020 business establishments, including 93 restaurants.

Housing & Cost of Living

The median home value in Otter Lake is $242,200 , 14% below the national median of $281,900. Zillow estimates the typical home at $214,157. The cost of living index is 93.3 (100 = national average). The median home was built in 1980.

Safety & Crime

Otter Lake reports 46 violent crimes per 100,000 residents , which is 88% below the national average of 380/100K. Property crime is 4,237/100K.

Education

19.3% of adults in Otter Lake hold a bachelor's degree or higher (43% below the national average). 95.2% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

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. The area gets 275 sunny days per year. Annual precipitation totals 38.8 inches. Air quality is rated Good with a median AQI of 41.

Data Overview

People

Population297
Median Age48.1 yrs
Density594/mi²
Male / Female45% / 55%
Foreign Born13.6%
Veterans35.6%

Economy

A+
Median Income$153,162
Per Capita$36,957
Unemployment0.0%
Poverty0.0%
County GDP$1,959M
Avg Weekly Wage$942

Housing

A+
Home Value$242,200
Rent
Ownership100.0%
Zillow$214,157
Housing Units296
Rent Burden24.8%

Crime

F
Violent46/100K
Property4,237/100K

Health

Obesity36.1%
Diabetes11.2%
Smoking17.0%
Heart Disease6.1%
Premature Death8,642/100K

Climate

Avg Temp48°F
Sunny Days275/yr
Rain38.8 in/yr
AQI41 (Good)
Elevation997 ft

Education

C+
Bachelor's+19.3%
High School+95.2%
Graduate+15.2%
School Score6.0/10

Community

2024 VoteR 70% / D 28%
Commute28 min
Broadband97.0%
Internet Speed62 Mbps
EV Stations4
Libraries3

Did You Know?

The median home in Otter Lake was built in 1980.
The nearest airport is Fort Wayne International (46 miles).
The Gini coefficient (income inequality) is 0.427 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
17.4% of the population has a disability.
13.6% of residents are foreign-born.
The county recorded 4 fatal vehicle crashes.