Shipshewana Lake, IN
Full City Profile · Indiana · LaGrange County County
Shipshewana Lake, IN
At a Glance
How Shipshewana Lake Compares to the U.S. Average
Each bar shows Shipshewana Lake's value as a percentage of the national average (100% = U.S. avg)
Is Shipshewana Lake a Good Place to Live?
Economy & Jobs
Shipshewana Lake residents earn a median household income of $68,984 , which is 8% below the national average of $75,149. Per capita income is $36,315. 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 1,037 business establishments, including 60 restaurants.
Housing & Cost of Living
The median home value in Shipshewana Lake is $325,700 , 16% above the national median of $281,900. Zillow estimates the typical home at $379,218. Median rent is $804/month, with 15.2% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1973.
Education
0.0% of adults in Shipshewana Lake hold a bachelor's degree or higher (100% below the national average). 32.8% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
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 totals 34.6 inches.