Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.3 yrs |
|---|---|
| Avg HH Size | 2.76 |
| Below Poverty | 3.1% ▼ 69% below avg |
| College Grads | 48.5% ▲ 25% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| HS Graduate | 555 (24.4%) |
| Some College | 174 (7.7%) |
| Associates | 442 (19.5%) |
| Bachelors | 262 (11.5%) |
| Graduate Degree | 839 (36.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $91,108 ▲ 19% above avg |
|---|---|
| Median Home Value | $238,400 ▼ 14% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $1,303/mo |
| Total Housing Units | 1,451 |
| Vacant Units | 202 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Ann is a city in Michigan, located in Benzie County. The city spans 1 ZIP code and is home to approximately 3,448 residents. It is a middle-aged city, with a median age of 39.3 years.
Economically, Lake Ann is a middle-income community. The median household income of $91,108 is above the national average. Approximately 3.1% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Lake Ann is an affordable housing market. Median home values stand at $238,400, which is near the national average. Renters typically pay around $1,303 per month. Homeownership is high at 91.0%, typical of suburban and family-oriented communities.
The population of Lake Ann is well-educated. 48.5% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (93.71%).
Lake Ann, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49650 | 3,448 | $91,108 | $238,400 | $1,303 | 2.4% | 48.5% | 91.0% |