Census Bureau data for Petoskey city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Petoskey city
- What is the median household income in Petoskey city?
- The median household income in Petoskey city is $71,783 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Petoskey city?
- The poverty rate in Petoskey city is 5.2% (U.S. Census Bureau ACS 2023).
- What is the median home value in Petoskey city?
- $319,300 (U.S. Census Bureau ACS 2023).
- What is the average rent in Petoskey city?
- The median gross rent in Petoskey city is $872 per month (U.S. Census Bureau ACS 2023).
- What percentage of Petoskey city residents have a college degree?
- 52.8% of adults in Petoskey city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
5,851
Median Income
$71,783
Median Home Value
$319,300
Poverty Rate
5.2%
Unemployment (ACS 2023)
1.5%
Median Age
42.0 yrs
Since 2019
Median Income:
+$26,676 (+59.1%)
Home Value:
+$142,300 (+80.4%)
Poverty Rate:
-0.1 pp (-1.9%)
Bachelor's+:
+13.8 pp (+35.4%)
Unemployment:
-0.6 pp (-28.6%)
Demographics
Total Population
5,851
Median Age
42.0
Female
53.4%
Race & Ethnicity
Hispanic or Latino 3.6%
White (non-Hisp.) 86.7%
Black 1.1%
Asian 1.2%
Two or More 6.4%
Other 0.3%
Asian Subgroups (% of total pop.)
Chinese
0.8%
Korean
0.4%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.6%
Mexican
1.1%
Cuban
0.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$71,783
±$12,802
+$634 vs. state
Per Capita Income
$108,354
Median Family Income
$110,234
Poverty Rate
5.2%
-3.6 pp vs. state
Child Poverty Rate
7.0%
Working-Age Poverty Rate
—
SNAP Recipients
6.4%
Social Security Income
—
Retirement Income
29.9%
Household Income Distribution
< $10k
2.8%
$10–15k
5.5%
$15–25k
7.9%
$25–35k
6.5%
$35–50k
9.2%
$50–75k
19.5%
$75–100k
14.4%
$100–150k
12.2%
$150–200k
8.2%
$200k+
13.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
3,202
Owner-Occupied
60.3%
Renter-Occupied
39.7%
Vacancy Rate
19.8%
Median Home Value
$319,300
+$101,700 vs. state
Median Gross Rent
$872
Owner Cost Burden (30%+)
10.3%
Renter Cost Burden (30%+)
16.8%
Home Value Distribution
< $50k
1.3%
$50–100k
0.8%
$100–200k
12.5%
$200–300k
23.0%
$300–500k
31.8%
$500k–$1M
16.8%
$1M+
5.7%
Gross Rent Distribution
< $500
14.0%
$500–1k
47.3%
$1–1.5k
25.6%
$1.5–2k
9.3%
$2–2.5k
2.5%
$3.5k+
1.3%
Vehicle Availability
No vehicle
6.3%
1 vehicle
45.4%
2 vehicles
36.7%
3+
11.6%
Housing Type
Single-fam. det.
54.7%
Single-fam. att.
4.0%
2–4 units
7.2%
5–19 units
11.2%
20+ units
4.6%
Housing Age
Pre-1940
23.8%
1940–1969
9.6%
1970–1999
15.5%
2000–2009
11.3%
2010+
2.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
97.1%
Bachelor's or Higher
52.8%
+21.0 pp vs. state
Graduate Degree
27.7%
Some College / Associate
20.7%
Less Than High School
0.3%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
64.8%
Unemployment Rate
1.5%
-4.3 pp vs. state
Work from Home
9.4%
Self-Employed
7.9%
Government Workers
15.6%
Private For-Profit
76.5%
Industry
Edu/Health
30.3%
Arts/Entmt.
20.1%
Retail
13.2%
Manufacturing
9.2%
Finance
5.9%
Construction
5.1%
Prof. Services
4.5%
Public Admin
3.9%
Transportation
2.1%
Wholesale
1.4%
Agriculture
0.6%
Information
0.4%
Occupation
Management
48.2%
Sales
19.7%
Food Prep
18.8%
Production
7.7%
Construction
5.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
15.9 min
Drove Alone
63.0%
Carpool
11.1%
Public Transit
0.5%
Work from Home
9.4%
Walked
12.4%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
2,567
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
44.1%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
19.4%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
2.4%
5–9
4.8%
10–14
7.3%
15–19
7.1%
20–24
5.3%
25–34
12.9%
35–44
13.8%
45–54
11.8%
55–64
6.4%
65–74
6.2%
75–84
11.7%
85+
7.8%
Under 18: 18.4%
Working age (18–64): 81.6%
65 and over: 22.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
2.2%
Naturalized Citizen
35.9%
Speaks English Less Than Very Well
1.2%
Foreign-Born Origin
Europe
43.8%
Asia
40.6%
Latin America
15.6%
Veterans & Disability
Veteran
4.6%
With a Disability
13.0%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
94.6%
Uninsured
5.4%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
90.1%
Has a Computer
94.5%
Same House 1 Year Ago
89.3%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023