Spring Grove, IN Profile: Facts & Data

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Spring Grove, Indiana - Basic Facts

The Town of Spring Grove had a population of 343 as of July 1, 2020. Spring Grove ranks in the upper quartile for 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 Spring Grove is located at latitude 39.8484 and longitude -84.8941 in Wayne County. The formal boundaries for the Town of Spring Grove encompass a land area of 0.3 sq. miles and a water area of 0 sq. miles. Wayne County is in the Eastern time zone (GMT -5). The elevation is 984 feet.

The Town of Spring Grove (GNIS ID: 2397673) 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.

The Town of Spring Grove is located within Township of Wayne, a minor civil division (MCD) of Wayne County.


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Spring Grove, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 343 (100%)
Population in Households 282 (82.2%)
Population in Families 221 (64.4%)
Population in Group Quarters1 61 (17.8%)
Population Density 1,129
Diversity Index2 24
 
 

INCOME

Median Household Income $51,030
Average Household Income $63,574
% of Income for Mortgage4 10%
Per Capita Income $24,678
Wealth Index5 55
 

HOUSING

Total HU (Housing Units) 136 (100%)
Owner Occupied HU 73 (53.7%)
Renter Occupied HU 43 (31.6%)
Vacant Housing Units 20 (14.7%)
Median Home Value $115,625
Average Home Value $121,575
Housing Affordability Index3 288
 

HOUSEHOLDS

Total Households 116
Average Household Size 2.43
Family Households 73
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.03% -0.18%
Households -0.08% -0.17%
Families -0.52% -0.28%
Median Household Income   -1.25%
Per Capita Income   0.31%
Owner Occupied HU   -0.28%

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Spring Grove, IN - Peer Comparisons by Rank and Percentile

The table below compares Spring Grove to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 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.

Variable Description Rank Percentile
Total Population # 532 22nd
Population Density # 387 43rd
Median Household Income # 407 40th
Housing Affordability Index # 418 62nd
Per Capita Income # 410 40th
Diversity Index # 131 81st

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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