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CITY

Hoffman Lake

Indiana · 382 residents · 0.697 sq mi
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The short version

Hoffman Lake has roughly average household income, with a median household income of $84,276. Population has held roughly steady since 2023. 22% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $201,200. With a median age of 50.7, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 50.7
US median: 38.9
Less educated
22% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
382
+14%since 2023
from 336 in 2023
2022 – 2024
Population density
548 / sq mi
+14%since 2023
from 482 / sq mi in 2023
US average: 281
Median age
50.7
−2%since 2023
from 51.6 in 2023
US average: 38.9
Population, 2022 – 2024
20725530335039820222024Hoffman Lake
2024382
20222024
Section 02

Income & economy

Median household income
$84,276
−6%inflation adjusted, since 2023
from $86,731 in 2023
US average: $82,259
2022 – 2024
Per capita income
$52,059
+3%since 2023
from $50,397 in 2023
US average: $44,673
Households earning $100K+
65.6%
+0.8 ptssince 2023
from 64.8% in 2023
US average: 53.3%
Poverty rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 12.5%
Income inequality (Gini)
0.240
Unchangedsince 2023
from 0.239 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade32.2%
US avg: 9.9%
Information20.3%
US avg: 10.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Transportation & warehousing0%
US avg: 2.2%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$201,200
−3%inflation adjusted, since 2023
from $200,500 in 2023
US average: $376,019
2022 – 2024
Owner-occupied
75.1%
+1.7 ptssince 2023
from 73.5% in 2023
24.9% rent
Vacancy rate
31.5%
−7.8 ptssince 2023
from 39.3% in 2023
US average: 10.0%
Owner cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
2.4
+3%since 2023
from 2.3 in 2023
2022 – 2024
RELATED:See current rent listings in Hoffman Lake on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic100%(336)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2024
White, non-Hispanic97.4%(372)
Black0%(0)
Hispanic / Latino2.6%(10)
Asian0%(0)
Other0%(0)
Diversity Score6.4%(24)
Diversity Score
6
from 0 in 2023
2022 – 2024
Section 05

Education

Bachelor's degree or higher
21.6%
+3.4 ptssince 2023
from 18.1% in 2023
US average: 35.6%
High school or higher
96.6%
+6.6 ptssince 2023
from 90.0% in 2023
US average: 89.6%
Graduate degree
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.7 min
+5%since 2023
from 23.5 min in 2023
US average: 26.5
Drive alone to work
51.7%
−13.9 ptssince 2023
from 65.6% in 2023
US average: 68.9%
Carpooled to work
28.8%
+7.6 ptssince 2023
from 21.2% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
19.5%
+6.3 ptssince 2023
from 13.2% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
9.9%
+0.9 ptssince 2023
from 9.0% in 2023
US average: 5.2%
Labor force participation
68.6%
−0.8 ptssince 2023
from 69.3% in 2023
US average: 63.5%
Self-employed
12.7%
+0.9 ptssince 2023
from 11.8% in 2023
US average: 13.1%
Management & professional
48.3%
+15.3 ptssince 2023
from 33.0% in 2023
US average: 42.5%
Section 08

People & community

Male
47.9%
+1.5 ptssince 2023
from 46.4% in 2023
Female
52.1%
−1.5 ptssince 2023
from 53.6% in 2023
Foreign born
7.9%
+2.2 ptssince 2023
from 5.7% in 2023
US average: 14.1%
Veterans
4.5%
−4.8 ptssince 2023
from 9.2% in 2023
US average: 6.2%
With a disability
18.8%
−7.4 ptssince 2023
from 26.2% in 2023
US average: 13.3%
Uninsured
2.6%
−0.4 ptssince 2023
from 3.0% in 2023
US average: 8.4%
Broadband at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 91.0%
English only at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

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Head to head

Compare Hoffman Lake to nearby cities

HOFFMAN LAKE VS
Warsaw
Income$61,035−28%
Home value$181,200−10%
Population16,130+4123%
SEE FULL COMPARISON →
HOFFMAN LAKE VS
Plymouth
Income$58,623−30%
Home value$131,800−34%
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HOFFMAN LAKE VS
Goshen
Income$59,184−30%
Home value$184,900−8%
Population34,525+8938%
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HOFFMAN LAKE VS
Columbia City
Income$68,089−19%
Home value$189,100−6%
Population10,256+2585%
SEE FULL COMPARISON →
Frequently asked

How many people live in Hoffman Lake, Indiana?

Hoffman Lake, Indiana has about 382 residents according to the 2024 American Community Survey.

What is the median household income in Hoffman Lake, Indiana?

The typical household in Hoffman Lake, Indiana earns about $84,276 a year. Half of households make more than that, and half make less.

Is Hoffman Lake, Indiana expensive?

In Hoffman Lake, Indiana, the median home is worth about $201,200.

How educated are people in Hoffman Lake, Indiana?

About 21.6% of adults age 25 and over in Hoffman Lake, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Hoffman Lake, Indiana?

About 0.0% of people in Hoffman Lake, Indiana live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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