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CITY

Schaefer Lake

Indiana · 229 residents · 0.224 sq mi
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The short version

Schaefer Lake is significantly wealthier than the US average, with a median household income of $130,721. Population has declined 7% since 2023. 48% of adults hold a bachelor's degree or higher. Median home value is $257,800. With a median age of 64.1, the population is older than the US median of 38.9. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 64.1
US median: 38.9
More educated
48% hold a bachelor's degree
US average: 36%
More affordable
home values down 6%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

229
−7%since 2023
from 245 in 2023
2022 – 2024
1,022 / sq mi
−7%since 2023
from 1,094 / sq mi in 2023
US average: 281
64.1
+1%since 2023
from 63.2 in 2023
US average: 38.9
Population, 20222024
20521622723824920222024Schaefer Lake
2024229
20222024
Section 02

Income & economy

$130,721
−29%inflation adjusted, since 2023
from $177,632 in 2023
US average: $82,259
2022 – 2024
$52,534
−26%since 2023
from $71,449 in 2023
US average: $44,673
Households earning $100K+
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 53.3%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 12.5%
0.168
−41%since 2023
from 0.283 in 2023
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing31.7%
US avg: 1.6%
Construction31.7%
US avg: 1.2%
Retail trade26.8%
US avg: 9.9%
Information12.2%
US avg: 10.8%
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

$257,800
−6%inflation adjusted, since 2023
from $265,800 in 2023
US average: $376,019
2022 – 2024
100.0%
Unchangedsince 2023
from 100.0% in 2023
0.0% rent
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 10.0%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 22.9%
2.0
+32%since 2023
from 1.5 in 2023
2022 – 2024
RELATED:See current rent listings in Schaefer Lake on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic98%(240)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other2%(5)
Diversity Score5%(12)
2024
White, non-Hispanic94.3%(216)
Black0%(0)
Hispanic / Latino0%(0)
Asian5.7%(13)
Other0%(0)
Diversity Score13.4%(31)
13
+168%since 2023
from 5 in 2023
2022 – 2024
Section 05

Education

48.0%
+0.9 ptssince 2023
from 47.1% in 2023
US average: 35.6%
High school or higher
93.6%
+3.0 ptssince 2023
from 90.6% in 2023
US average: 89.6%
28.2%
+0.4 ptssince 2023
from 27.8% in 2023
US average: 14.0%
Section 07

Work & employment

0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 5.2%
35.8%
−7.5 ptssince 2023
from 43.3% in 2023
US average: 63.5%
29.3%
+11.3 ptssince 2023
from 17.9% in 2023
US average: 13.1%
56.1%
−17.5 ptssince 2023
from 73.6% in 2023
US average: 42.5%
Section 08

People & community

52.0%
+4.6 ptssince 2023
from 47.3% in 2023
48.0%
−4.6 ptssince 2023
from 52.7% in 2023
5.7%
+5.7 ptssince 2023
from 0.0% in 2023
US average: 14.1%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 6.2%
0.0%
−6.7 ptssince 2023
from 6.7% in 2023
US average: 13.3%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.4%
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 91.0%
94.3%
−5.7 ptssince 2023
from 100.0% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Schaefer Lake, Indiana?

Schaefer Lake, Indiana has about 229 residents according to the 2024 American Community Survey.

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

The typical household in Schaefer Lake, Indiana earns about $130,721 a year. Half of households make more than that, and half make less.

Is Schaefer Lake, Indiana expensive?

In Schaefer Lake, Indiana, the median home is worth about $257,800.

How educated are people in Schaefer Lake, Indiana?

About 48.0% of adults age 25 and over in Schaefer Lake, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Schaefer Lake, Indiana?

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

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

How we source and harmonize this data →