Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg HH Size | 2.39 |
| Below Poverty | 19.0% ▲ 90% above avg |
| College Grads | 29.7% ▼ 23% below avg |
| Unemployment | 7.0% ▲ 43% above avg |
| No HS Diploma | 64 (0.8%) |
| HS Graduate | 3,768 (46.2%) |
| Some College | 918 (11.3%) |
| Associates | 980 (12%) |
| Bachelors | 895 (11%) |
| Graduate Degree | 1,530 (18.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,618 ▼ 26% below avg |
|---|---|
| Median Home Value | $131,300 ▼ 53% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $737/mo |
| Total Housing Units | 5,175 |
| Vacant Units | 401 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Caro is a city in Michigan, located in Tuscola County. The city spans 1 ZIP code and is home to approximately 11,960 residents. It is a mature city, with a median age of 45 years.
Economically, Caro is a solidly middle-class community. The median household income of $56,618 is below the national average. Approximately 19.0% of residents live below the poverty line. The unemployment rate is 7.0%, above the national average.
The real estate market in Caro is one of the more affordable housing markets in the country. Median home values stand at $131,300, which is well below the national average. Renters typically pay around $737 per month. Homeownership is high at 79.5%, typical of suburban and family-oriented communities.
The population of Caro is moderately educated. 29.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (90.94%).
Caro, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48723 | 11,960 | $56,618 | $131,300 | $737 | 7.0% | 29.7% | 79.5% |