Cost of Living in Spring Lake, IN
Population: 215 | Indiana
Spring Lake is 14% less expensive than the national average.
Cost of Living in Spring Lake, IN: What You Need to Know
With a cost of living index of 86, Spring Lake, IN is a very affordable place to live. Living here is 14% cheaper than the national average and 8% above the Indiana state average of 78. Spring Lake is a small community of 215 residents.
The median household income in Spring Lake is $59,583, which is 21% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Indianapolis-Carmel-Greenwood, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
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
- $59,583
- vs US Median ($75,149)
- -21%
Housing
- Median Home Value
- $155,500
Everyday Prices in Spring Lake
BLS Average Prices for the Indianapolis-Carmel-Greenwood, IN (Metropolitan Statistical Area) area