Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.2 yrs |
|---|---|
| Avg HH Size | 2.44 |
| Below Poverty | 6.8% ▼ 32% below avg |
| College Grads | 13.9% ▼ 64% below avg |
| Unemployment | 26.8% ▲ 447% above avg |
| HS Graduate | 64 (42.4%) |
| Some College | 59 (39.1%) |
| Associates | 7 (4.6%) |
| Bachelors | 15 (9.9%) |
| Graduate Degree | 6 (4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $68,804 ▼ 10% below avg |
|---|---|
| Median Home Value | $121,400 ▼ 56% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $719/mo |
| Total Housing Units | 283 |
| Vacant Units | 193 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Chippewa Lake is a city in Michigan, located in Mecosta County. The city spans 1 ZIP code and is home to approximately 220 residents. It is an older city, with a median age of 57.2 years.
Economically, Chippewa Lake is a solidly middle-class community. The median household income of $68,804 is near the national average. Approximately 6.8% of residents live below the poverty line. The unemployment rate is 26.8%, more than double the national average.
The real estate market in Chippewa Lake is one of the more affordable housing markets in the country. Median home values stand at $121,400, which is well below the national average. Renters typically pay around $719 per month. Homeownership is high at 72.2%, typical of suburban and family-oriented communities.
The population of Chippewa Lake is less-educated. 13.9% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (73.18%).
Chippewa Lake, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49320 | 220 | $68,804 | $121,400 | $719 | 26.8% | 13.9% | 72.2% |