Clear Lake, IN Profile: Facts & Data

The Town of Clear Lake had a population of 348 as of July 1, 2024. Clear Lake ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Clear Lake is located at latitude 41.7375 and longitude -84.8333 in Steuben County. The formal boundaries for the Town of Clear Lake encompass a land area of 1.04 sq. miles and a water area of 1.34 sq. miles. Steuben County is in the Eastern time zone (GMT -5).

The Town of Clear Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Clear Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	348 (100%)
Population in Households	348 (100.0%)
Population in Families	292 (83.9%)
Population in Group Quarters¹	0
Population Density	313
Diversity Index²	9


INCOME
Median Household Income	$124,547
Average Household Income	$149,553
% of Income for Mortgage⁴	30%
Per Capita Income	$74,347
Wealth Index⁵	202
Socioeconomic Status Index⁶	Moderate (54.4)

HOUSING
Total HU (Housing Units)	607 (100%)
Owner Occupied HU	153 (25.2%)
Renter Occupied HU	20 ( 3.3%)
Vacant Housing Units	434 (71.5%)
Median Home Value	$594,697
Average Home Value	$685,131
Housing Affordability Index³	85

HOUSEHOLDS
Total Households	173
Average Household Size	2.01
Family Households	118
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Clear Lake, IN - Peer Comparisons by Rank and Percentile

The table below compares Clear Lake to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.40%	-0.76%
Households	-0.27%	-0.23%
Families		-1.39%
Median Household Income		0.65%
Per Capita Income		3.59%
Owner Occupied HU		-0.13%

Variable Description	Rank	Percentile
Total Population	# 561	43rd
Population Density	# 764	22nd
Median Household Income	# 25	98th
Housing Affordability Index	# 258	26th
Per Capita Income	# 13	99th
Diversity Index	# 865	11th

Clear Lake, IN Profile: Facts & Data

Clear Lake, Indiana - Basic Facts

Clear Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Clear Lake, IN - Peer Comparisons by Rank and Percentile

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