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Cost of Living in Hoffman Lake, IN

Population: 336 | Indiana

89
Cost of Living Index
US Average = 100

Hoffman Lake is 11% less expensive than the national average.

100
Housing
66
Home Values
93
Regional Price

Cost of Living in Hoffman Lake, IN: What You Need to Know

With a cost of living index of 89, Hoffman Lake, IN is a very affordable place to live. Living here is 11% cheaper than the national average and 11% above the Indiana state average of 78. Hoffman Lake is a small community of 336 residents.

The median household income in Hoffman Lake is $86,731, which is 15% higher than the national median of $75,149.

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.

Income

Median Household Income
$86,731
vs US Median ($75,149)
+15%

Housing

Median Home Value
$200,500
Median Monthly Housing Cost
$1,038/mo
→ Best Places to Live in Indiana (2026)

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