Shipshewana Lake, IN

Indiana

Shipshewana Lake is a small town in Indiana with a population of 325. Residents earn $68,984 per year, which is 8% below the national average.

3.6 /5.0
B+ Good
325 Population 985/sq mi density
$68,984 Median Income $36,315 per capita
$325,700 Home Value
$804 Median Rent 15.2% income on rent
50°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$68,984 median income, 0.0% unemployment
A
Affordability
4.0 / 5.0
$325,700 home value, $804/mo rent
C
Education
2.3 / 5.0
0.0% bachelor's degree or higher
Median Income $68,984
8% lower than US avg
Home Value $325,700
16% higher than US avg
Bachelor's+ 0.0%
100% lower than US avg
Median Rent $804
31% lower than US avg
Unemployment 0.0%
100% lower than US avg
Poverty Rate 0.0%
100% lower than US avg

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

People

Population325
Median Age51.5 yrs
Density985/mi²
Male / Female62% / 38%
Largest GroupWhite 100%
Veterans0.0%

Economy

A
Median Income$68,984
Per Capita$36,315
Unemployment0.0%
Poverty0.0%
County GDP$2,473M
Commute24 min

Housing

A
Home Value$325,700
Rent$804
OwnershipN/A
Rent Burden15.2%

Crime

ViolentN/A
PropertyN/A

Health

ObesityN/A
UninsuredN/A

Climate

Avg Temp50°F
AQI41 (Good)
Rain34.6 in/yr
Elevation852 ft

Education

C
Bachelor's+0.0%
High School+32.8%
School Score6.01

Community

2024 VoteR 78% / D 21%
Commute24 min
Broadband100.0%
Libraries4

Is Shipshewana Lake a Good Place to Live?

Based on current data, Shipshewana Lake receives an overall livability score of 3.6 out of 5.0, earning a grade of B+. Key strengths include low unemployment, a low poverty rate, strong internet connectivity. Shipshewana Lake offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Shipshewana Lake is $68,984, roughly in line with the national average of $75,149. 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%. Workers commute an average of 24 minutes.

Cost of Living & Housing

The median home value in Shipshewana Lake is $325,700, 16% above the national median. Renters pay a median of $804 per month, below the national average — a plus for affordability. A price-to-income ratio of 4.7x indicates a reasonably affordable housing market.

Education

0.0% of residents hold a bachelor's degree, below the national average of 33.7%. 32.8% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Shipshewana Lake experiences four distinct seasons with an average temperature of 50°F. Winters average 25°F in January while summers reach 73°F in July. Annual precipitation totals 34.6 inches. Air quality is rated Good with a median AQI of 41.

Shipshewana Lake has a population of 325 with a density of 985 people per square mile. The median age is 51.5 years, 32% older than the national median of 38.9. The city is predominantly White (100%).

Population

325
Total Population
985
People / sq mi
51.5yrs
Median Age
32% above US avg
0.3mi²
Land Area

Gender Distribution

Male 61.8%
Female 38.2%

Race & Ethnicity

Shipshewana Lake vs U.S. Average

Language Spoken at Home

English Only43.4%
45% below US avg
Spanish56.6%
322% above US avg

Social Characteristics

Shipshewana Lake vs U.S. Average

The median household income in Shipshewana Lake is $68,984, which is 8% below the national average of $75,149. The unemployment rate is 0.0% (below the 3.6% US average). 0.0% of residents live below the poverty line. Workers commute an average of 24 minutes.

Income: Shipshewana Lake vs U.S.

Commute Mode

Income

Median HH Income$68,984
8% below US avg
Per Capita Income$36,315
Avg Weekly Wage$1,025
IRS Avg AGI$73,522

Employment & Poverty

Unemployment0.0%
100% below US avg
Poverty Rate0.0%
100% below US avg
Establishments (County)1,037
County GDP$2,473M

Business (County)

Restaurants60
Healthcare53
Retail148
Manufacturing195

Tax & Cost of Living

Property Tax (IRS)$2,763
21% below US avg
Effective Tax Rate0.85%

Commute & Transportation

Commute Time23.8 min
Drive Alone100.0%
Public Transit0.0%
Work from Home0.0%

Walkability

The median home value in Shipshewana Lake is $325,700, 16% above the national average. Monthly rent averages $804 (31% below US avg).

Home Value Sources

Ownership Split

Home Values

Census Median$325,700
16% above US avg

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$804
31% below US avg
Rent Burden15.2%

HUD Fair Market Rent

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

Ownership & Property

Owner-Occupied33.3%

Property Tax

Avg Tax (IRS)$2,763
21% below US avg
Effective Rate0.85%

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

Chronic Conditions

Behaviors & Mental Health

Healthcare Access

Insurance Rate92.7%
Premature Death6,290/100K

Food & Exercise

Food Environment9.0/10
Exercise Access30.5%
Healthcare Facilities53

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

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)8

Safety Score

Shipshewana Lake has an average annual temperature of 50°F (10°C). Winters average 25°F in January while summers reach 73°F in July. Annual precipitation is 34.6 inches. Air quality is rated Good with a median AQI of 41.

Temperature

25°F Jan (-4°C) 73°F Jul (23°C)
Annual Average50.1°F
7% below US avg
January Average25°F (-4°C)
July Average73°F (23°C)

Precipitation & Snow

Annual Rainfall34.6 inches
9% below US avg

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation852 ft (260 m)
Area0.3 sq mi (0.9 km²)
Population Density985/sq mi
Coordinates41.6836°N, 85.6097°W
County FIPS18087
It is classified as Nonmetro — Rural, adjacent. 0.0% of residents hold a bachelor's degree or higher (100% below US avg). In the 2024 election, the county voted Republican by a 56.8-point margin. 100.0% of households have broadband internet.

2024 Presidential Election (County)

R 77.6%
D 20.8%

Winner: Republican by 56.8 points

Education

Bachelor's Degree+0.0%
100% below US avg
High School+32.8%
School Test Score6.01
C Education Grade (2.3/5.0)

Urban-Rural Classification

RUCC Code 8Nonmetro — Rural, adjacent
Population Density985/sq mi
Total Area0.3 sq mi

Infrastructure & Services

Broadband Access100.0%
Public Libraries4
Healthcare Facilities53
Restaurants60
Retail Stores148

Safety & Disasters

Fatal Crashes (County/yr)8

Commute & Transportation

Avg Commute23.8 min
Drive Alone100.0%
Public Transit0.0%
Work from Home0.0%

Nearby Cities

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