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Cost of Living in Schaefer Lake, IN

Population: 245 | Indiana

94
Cost of Living Index
US Average = 100

Schaefer Lake is 6% less expensive than the national average.

100
Housing
87
Home Values
93
Regional Price

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

With a cost of living index of 94, Schaefer Lake, IN is slightly more affordable than average. Living here is 6% cheaper than the national average and 16% above the Indiana state average of 78. Schaefer Lake is a small community of 245 residents.

The median household income in Schaefer Lake is $177,632, which is 136% 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
$177,632
vs US Median ($75,149)
+136%

Housing

Median Home Value
$265,800
Median Monthly Housing Cost
$1,289/mo
→ Best Places to Live in Indiana (2026)

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