Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 56.6 yrs |
|---|---|
| Avg HH Size | 2.16 |
| Below Poverty | 13.9% ▲ 39% above avg |
| College Grads | 42.1% ▲ 9% above avg |
| Unemployment | 3.8% ▼ 23% below avg |
| No HS Diploma | 14 (0.4%) |
| HS Graduate | 1,133 (31.6%) |
| Some College | 500 (13.9%) |
| Associates | 429 (12%) |
| Bachelors | 306 (8.5%) |
| Graduate Degree | 1,204 (33.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,604 ▼ 13% below avg |
|---|---|
| Median Home Value | $202,600 ▼ 27% below avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $862/mo |
| Total Housing Units | 3,995 |
| Vacant Units | 1,748 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Indian River is a city in Michigan, located in Cheboygan County. The city spans 1 ZIP code and is home to approximately 4,860 residents. It is an older city, with a median age of 56.6 years.
Economically, Indian River is a solidly middle-class community. The median household income of $66,604 is near the national average. Approximately 13.9% of residents live below the poverty line. The unemployment rate is 3.8%, below the national average.
The real estate market in Indian River is an affordable housing market. Median home values stand at $202,600, which is below the national average. Renters typically pay around $862 per month. Homeownership is high at 85.9%, typical of suburban and family-oriented communities.
The population of Indian River is well-educated. 42.1% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.31%).
Indian River, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49749 | 4,860 | $66,604 | $202,600 | $862 | 3.8% | 42.1% | 85.9% |