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As of 2007, Spring Lake's population is 3,475 people. Since 2000, it has had a population growth of -2.58 percent. The median home cost in Spring Lake is $989,000. Home appreciation the last year has been -1.43 percent. Compared to the rest of the country, Spring Lake's cost of living is 89.83% Higher than the U.S. average. Spring Lake public schools spend $9,078 per student. The average school expenditure in the U.S. is $6,058. There are about 11 students per teacher in Spring Lake. The unemployment rate in Spring Lake is 3.60 percent(U.S. avg. is 4.60%).
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