Indiana · Metropolitan Area
Schaefer Lake is a small town in Indiana with a population of 245. Residents earn $177,632 per year, which is 136% above the national average.
Based on current data, Schaefer Lake receives an overall livability score of 4.9 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, a low poverty rate. Schaefer Lake stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
The median household income in Schaefer Lake is $177,632, which is significantly higher than the national average — 136% above $75,149. This places Schaefer Lake among higher-income communities. The job market is very strong with unemployment at just 0.0%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%.
The median home value in Schaefer Lake is $265,800, roughly aligned with the national median of $281,900. At just 1.5x median income, home prices are very affordable relative to local earnings.
Educational attainment is solid, with 47.1% holding a bachelor's degree or higher, near the national average. 90.6% have completed high school. Area schools have an average test score of 6/10.
Schaefer Lake experiences four distinct seasons with an average temperature of 54°F. Winters average 30°F in January while summers reach 76°F in July. Annual precipitation totals 47.3 inches, including 16.3 inches of snow. Air quality is rated Good with a median AQI of 41.
| English Only | 100.0% |
| 27% above US avg | |
| Spanish | 0.0% |
| 100% below US avg |
| Median HH Income | $177,632 |
| 136% above US avg | |
| Per Capita Income | $71,449 |
| Avg Weekly Wage | $1,411 |
| IRS Avg AGI | $81,767 |
| Unemployment | 0.0% |
| 100% below US avg | |
| Poverty Rate | 0.0% |
| 100% below US avg | |
| Establishments (County) | 2,119 |
| County GDP | $9,284M |
| Restaurants | 168 |
| Healthcare | 242 |
| Retail | 293 |
| Manufacturing | 136 |
| Property Tax (IRS) | $4,448 |
| 27% above US avg | |
| Effective Tax Rate | 1.67% |
| Work from Home | 17.9% |
| Census Median | $265,800 |
| 6% below US avg |
| Studio | $816 |
| 1 Bedroom | $882 |
| 2 Bedrooms | $1,096 |
| 3 Bedrooms | $1,391 |
| 4 Bedrooms | $1,590 |
| Owner-Occupied | 100.0% |
| Avg Tax (IRS) | $4,448 |
| 27% above US avg | |
| Effective Rate | 1.67% |
| Insurance Rate | 100.0% |
| Premature Death | 9,281/100K |
| Food Environment | 7.4/10 |
| Exercise Access | 70.6% |
| Healthcare Facilities | 242 |
| Fatal Crashes (County/yr) | 8 |
| Annual Average | 54.1°F |
| 0% below US avg | |
| January Average | 30°F (-1°C) |
| July Average | 76°F (24°C) |
| Annual Rainfall | 47.3 inches |
| 25% above US avg | |
| Snowfall | 16.3 inches/yr |
| AQI Median | 41.0 |
| Rating | Good |
| Elevation | 706 ft (215 m) |
| Area | 0.2 sq mi (0.6 km²) |
| Population Density | 1,114/sq mi |
| Coordinates | 39.2817°N, 85.7498°W |
| County FIPS | 18005 |
Winner: Republican by 27.3 points
| Bachelor's Degree+ | 47.1% |
| 40% above US avg | |
| High School+ | 90.6% |
| School Test Score | 6.01 |
| RUCC Code 3 | Metro — under 250K |
| Population Density | 1,114/sq mi |
| Total Area | 0.2 sq mi |
| Broadband Access | 76.0% |
| Public Libraries | 3 |
| Healthcare Facilities | 242 |
| Restaurants | 168 |
| Retail Stores | 293 |
| Fatal Crashes (County/yr) | 8 |
| Work from Home | 17.9% |