Petoskey, MI Micro Area

Metro Area

Population: 34,159 (2023 estimate)

Core-Based Statistical Area (CBSA)

Metro area data from the U.S. Census Bureau. Core-Based Statistical Areas (CBSAs) are defined by the Office of Management and Budget and group counties with a central urban core plus surrounding communities that are economically tied to it. Metro areas often cross county and state lines, making them the best unit for understanding regional labor markets, housing costs, and commute patterns.

Metro income rankings Compare to another metro

Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured

Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Petoskey, MI Micro Area

What is the median household income in Petoskey, MI Micro Area?: The median household income in Petoskey, MI Micro Area is $73,724 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Petoskey, MI Micro Area?: The poverty rate in Petoskey, MI Micro Area is 6.0% (U.S. Census Bureau ACS 2023).
What is the median home value in Petoskey, MI Micro Area?: $275,300 (U.S. Census Bureau ACS 2023).
What is the average rent in Petoskey, MI Micro Area?: The median gross rent in Petoskey, MI Micro Area is $1,033 per month (U.S. Census Bureau ACS 2023).
What percentage of Petoskey, MI Micro Area residents have a college degree?: 40.2% of adults in Petoskey, MI Micro Area hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

34,159

Median Income

$73,724

Median Home Value

$275,300

Poverty Rate

6.0%

Unemployment (ACS 2023)

3.6%

Median Age

46.0 yrs

Demographics

Total Population 34,159

Median Age 46.0

Female 50.2%

Race & Ethnicity

Hispanic or Latino 2.0% White (non-Hisp.) 89.3% Black 0.7% Asian 0.4% Two or More 5.8% Other 0.7%

Asian Subgroups (% of total pop.)

Chinese

0.2%

Filipino

0.1%

Korean

0.1%

Hispanic Subgroups (% of total pop.)

Mexican

1.0%

Puerto Rican

0.5%

Cuban

0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $73,724 ±$5,841

Per Capita Income $97,989

Median Family Income $90,337

Poverty Rate 6.0%

Child Poverty Rate 10.3%

Working-Age Poverty Rate —

SNAP Recipients 7.5%

Social Security Income —

Retirement Income 32.2%

Household Income Distribution

< $10k

3.6%

$10–15k

3.5%

$15–25k

6.6%

$25–35k

7.7%

$35–50k

10.1%

$50–75k

19.0%

$75–100k

14.8%

$100–150k

16.1%

$150–200k

6.7%

$200k+

11.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 21,886

Owner-Occupied 76.8%

Renter-Occupied 23.2%

Vacancy Rate 33.3%

Median Home Value $275,300

Median Gross Rent $1,033

Owner Cost Burden (30%+) 17.8%

Renter Cost Burden (30%+) 29.4%

Home Value Distribution

< $50k

5.0%

$50–100k

4.8%

$100–200k

9.8%

$200–300k

24.8%

$300–500k

25.9%

$500k–$1M

13.3%

$1M+

4.9%

Gross Rent Distribution

< $500

8.5%

$500–1k

38.8%

$1–1.5k

33.5%

$1.5–2k

10.6%

$2–2.5k

1.5%

$2.5–3.5k

2.5%

$3.5k+

4.7%

Vehicle Availability

No vehicle

5.4%

1 vehicle

33.9%

2 vehicles

38.4%

22.4%

Housing Type

Single-fam. det.

72.6%

Single-fam. att.

3.5%

2–4 units

2.4%

5–19 units

5.6%

20+ units

3.5%

Mobile home

5.9%

Housing Age

Pre-1940

14.4%

1940–1969

3.2%

1970–1999

13.8%

2000–2009

15.3%

2010+

5.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 96.0%

Bachelor's or Higher 40.2%

Graduate Degree 17.2%

Some College / Associate 21.8%

Less Than High School 0.8%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 60.7%

Unemployment Rate 3.6%

Work from Home 9.3%

Self-Employed 8.9%

Government Workers 13.1%

Private For-Profit 77.8%

Industry

Edu/Health

22.5%

Retail

14.2%

Arts/Entmt.

14.2%

Manufacturing

11.0%

Construction

10.0%

Prof. Services

7.6%

Public Admin

5.6%

Finance

4.9%

Transportation

3.2%

Wholesale

1.5%

Information

0.8%

Agriculture

0.7%

Occupation

Management

38.2%

Sales

22.2%

Food Prep

19.1%

Production

11.1%

Construction

9.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 20.0 min

Drove Alone 74.4%

Carpool 9.3%

Public Transit 0.4%

Work from Home 9.3%

Walked 4.5%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 14,604

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 53.8%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 15.1%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

4.3%

5–9

4.8%

10–14

5.5%

15–19

5.8%

20–24

5.3%

25–34

11.2%

35–44

11.4%

45–54

11.8%

55–64

7.5%

65–74

8.1%

75–84

14.9%

85+

6.8%

Under 18: 18.3% Working age (18–64): 81.7% 65 and over: 24.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 1.2%

Naturalized Citizen 61.7%

Speaks English Less Than Very Well 0.7%

Foreign-Born Origin

Europe

38.6%

Latin America

24.3%

Asia

21.7%

Africa

1.9%

Veterans & Disability

Veteran 6.7%

With a Disability 14.0%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 94.5%

Uninsured 5.5%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 90.4%

Has a Computer 94.9%

Same House 1 Year Ago 89.3%

Moved from Abroad 0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023