Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.5 yrs |
|---|---|
| Avg HH Size | 2.33 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 56.1% ▲ 45% above avg |
| Unemployment | 2.4% ▼ 52% below avg |
| No HS Diploma | 49 (0.4%) |
| HS Graduate | 2,584 (20.3%) |
| Some College | 1,369 (10.8%) |
| Associates | 1,590 (12.5%) |
| Bachelors | 1,165 (9.2%) |
| Graduate Degree | 5,969 (46.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,431 ≈ Avg |
|---|---|
| Median Home Value | $309,900 ▲ 11% above avg |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $1,077/mo |
| Total Housing Units | 10,244 |
| Vacant Units | 2,714 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Petoskey is a city in Michigan, located in Emmet County. The city spans 1 ZIP code and is home to approximately 17,813 residents. It is a mature city, with a median age of 45.5 years.
Economically, Petoskey is a middle-income community. The median household income of $80,431 is near the national average. Approximately 7.9% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Petoskey is a mid-range housing market. Median home values stand at $309,900, which is near the national average. Renters typically pay around $1,077 per month. Homeownership is high at 70.9%, typical of suburban and family-oriented communities.
The population of Petoskey is well-educated. 56.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (91.65%).
Petoskey, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49770 | 17,813 | $80,431 | $309,900 | $1,077 | 2.4% | 56.1% | 70.9% |