Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 60.8 yrs |
|---|---|
| Avg HH Size | 1.86 |
| Below Poverty | 10.9% ▲ 9% above avg |
| College Grads | 36.1% ≈ Avg |
| Unemployment | 3.2% ▼ 35% below avg |
| HS Graduate | 303 (35.6%) |
| Some College | 59 (6.9%) |
| Associates | 181 (21.3%) |
| Bachelors | 98 (11.5%) |
| Graduate Degree | 209 (24.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,101 ▼ 20% below avg |
|---|---|
| Median Home Value | $245,800 ▼ 12% below avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $481/mo |
| Total Housing Units | 1,494 |
| Vacant Units | 929 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Watersmeet is a city in Michigan, located in Gogebic County. The city spans 1 ZIP code and is home to approximately 1,054 residents. It is an older city, with a median age of 60.8 years.
Economically, Watersmeet is a solidly middle-class community. The median household income of $61,101 is below the national average. Approximately 10.9% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Watersmeet is an affordable housing market. Median home values stand at $245,800, which is near the national average. Renters typically pay around $481 per month. Homeownership is high at 87.1%, typical of suburban and family-oriented communities.
The population of Watersmeet is moderately educated. 36.1% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (72.01%).
Watersmeet, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49969 | 1,054 | $61,101 | $245,800 | $481 | 3.2% | 36.1% | 87.1% |