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Spring Lake, IN

Full City Profile · Indiana · Hancock County County

3.1 /5.0
B Good
215 Population 1,433/sq mi density
$59,583 Median Income $45,369 per capita
$155,500 Home Value $235,677 Zillow
52°F Avg Temperature 293 sunny days/yr
136 Violent Crime/100K 1,698 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$59,583 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$155,500 home value, /mo rent
F
Safety
1.0 / 5.0
136 violent crimes/100K
C
Education
2.1 / 5.0
14.1% bachelor's degree or higher

Income Overview

Median Household Income
$59,583
21% below
US avg: $75,149
Per Capita Income
$45,369
16% above
US avg: $39,052
Unemployment Rate
1.4%
61% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Spring Lake vs. U.S. Average

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

Median Household
US: $75,149
$59,583
79%
Per Capita
US: $39,052
$45,369
116%
IRS Avg AGI
US: $72,000
$84,839
118%
Avg Weekly Wage
US: $1,432
$1,089
76%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,089
24% below US avg ($1,432)
Mean Commute Time
28 min
1% above US avg (28 min)
Work From Home
13.2%
13% below US avg (15.2%)
Drive Alone
78.0%
7% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$4,922M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 78%
Public Transit 0%
Work From Home 13.2%
Other 8.8%
Average commute time
28 minutes
US avg: 28 min

Business Landscape

Total Establishments
2,045
Restaurants
132
Healthcare
155
Retail
164
Manufacturing
73

Tax & Financial

IRS Avg Adjusted Gross Income
$84,839
18% above US avg ($72,000)
Avg Property Tax
$3,198
9% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$59,583
Per Capita Income$45,369
IRS Avg Adjusted Gross Income$84,839
Avg Weekly Wage$1,089
County GDP$4,922M

Hardship Indicators

Unemployment Rate1.4%
Poverty Rate0.0%
Gini Coefficient0.394
Cost of Living Index93.3

Commute

Mean Commute28 minutes
Drive Alone78.0%
Public Transit0.0%
Work From Home13.2%

Businesses

Total Establishments2,045
Restaurants132
Healthcare155
Retail164
Manufacturing73

Tax

IRS Avg AGI$84,839
Avg Property Tax$3,198