Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.1 yrs |
|---|---|
| Avg HH Size | 2.09 |
| Below Poverty | 17.2% ▲ 72% above avg |
| College Grads | 27.2% ▼ 30% below avg |
| Unemployment | 5.6% ▲ 14% above avg |
| No HS Diploma | 7 (0.8%) |
| HS Graduate | 296 (34.3%) |
| Some College | 144 (16.7%) |
| Associates | 181 (21%) |
| Bachelors | 86 (10%) |
| Graduate Degree | 148 (17.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $47,500 ▼ 38% below avg |
|---|---|
| Median Home Value | $141,400 ▼ 49% below avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $1,095/mo |
| Total Housing Units | 846 |
| Vacant Units | 280 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Mikado is a city in Michigan, located in Alcona County. The city spans 1 ZIP code and is home to approximately 1,189 residents. It is a mature city, with a median age of 54.1 years.
Economically, Mikado is a working-class community. The median household income of $47,500 is below the national average. Approximately 17.2% of residents live below the poverty line. The unemployment rate is 5.6%, near the national average.
The real estate market in Mikado is one of the more affordable housing markets in the country. Median home values stand at $141,400, which is below the national average. Renters typically pay around $1,095 per month. Homeownership is high at 85.5%, typical of suburban and family-oriented communities.
The population of Mikado is moderately educated. 27.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.45%).
Mikado, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48745 | 1,189 | $47,500 | $141,400 | $1,095 | 5.6% | 27.2% | 85.5% |