Housing costs in Spring Lake?
A typical home costs
$216,000, which is 36.1% less expensive than the national average of
$338,100 and 2.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Spring Lake costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Spring Lake?
To live comfortably in Spring Lake, Indiana, a minimum annual income of
$41,400 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, IN is quite reasonable. The median household income is around $48,000, which is slightly above the national average. Groceries, healthcare, and transportation are all relatively affordable when compared to surrounding areas. Utilities are also reasonably priced due to the town's location near several large lakes. Overall, living in Spring Lake is an excellent option for families looking for a safe and affordable place to call home.