Cost of Living in Bass Lake, IN

With a cost of living index of 80, Bass Lake, IN is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Indiana state average. Bass Lake is a small community of 1,067 residents.

Housing costs are the biggest factor in Bass Lake's cost of living. The median monthly rent is $945 (28% below the US median of $1,319), and the median home value sits at $233,900 (23% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bass Lake is $71,714, which is 5% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.