Petoskey, MI

Comprehensive Demographic, Economic, and Housing Data Profile

Living in Petoskey, MI: Quick Facts & Overview

  • Population: 5,856 residents (439 people per sq. mi.)
  • Average House Price: $377,294
  • Average Household Income: $74,196

Petoskey, MI is located in the state of Michigan. It is home to about 5,856 people, with around 439 residents living in every square mile.

If you want to buy a house in Petoskey, the average price is around $377,294. That makes local housing 70% higher than the Michigan average of $221,733, and 22% higher than the national average of $308,592.

The average household in Petoskey earns about $74,196 a year. This income is 1% higher than the average family in Michigan ($73,374), and 6% lower than the national average ($78,686).

Population 5,856
Median Household Income $74,196
Median Home Value $377,294
Median Age 41.0 yrs

Household Income Brackets

Racial & Ethnic Demographics

Age Distribution

Educational Attainment

Economic & Labor Indicators

Individual Median Income$37,290
Labor Force Participation63.8%
Unemployment Rate1.6%
Average Commute Time14.6 mins

Housing & Community Metrics

Home Ownership Rate61.1%
Median Rent$1,006
Rent Burdened (>30% Income)29.1%
Total Housing Units2,648

Additional Census & Housing Profile

Geographic Overview

CountyEmmet
County FIPS26047
Metro Area (CBSA)Petoskey, MI
Population Density439.3/sq mi
Coordinates (lat/lng)45.3649, -84.9888
TimezoneAmerica/Detroit
National Ranking3
IncorporatedYes

Household Structure

Average Family Size2.80
Dual Income Families59.3%

Marital Status

Married50.8%
Never Married30.4%
Divorced12.6%
Widowed6.2%

Gender

Male46.5%
Female53.5%

Health & Poverty

Uninsured Rate (Health)5.5%
Poverty Rate9.0%

Key Population Groups

Veterans5.6%
Disabled Population11.5%
Limited English Proficiency-

All ZIP Codes in Petoskey

ZIP Code Population Median Household Income Median Home Value
49770 18,221 $79,590 $362,551

Nearby Cities

City Distance Population
Bay View, MI 3.2 miles 164
Harbor Springs, MI 4.7 miles 1,086
Bay Shore, MI 6 miles 697
Walloon Lake, MI 6.8 miles 294
Horton Bay, MI 7.1 miles 374
Conway, MI 7.1 miles 237
Oden, MI 8.9 miles 150
Boyne City, MI 10.5 miles 3,825
Alanson, MI 11.2 miles 834
Advance, MI 11.2 miles 377
Ironton, MI 12.4 miles 173
Charlevoix, MI 13.4 miles 2,392
Brutus, MI 13.4 miles 198
Boyne Falls, MI 14.1 miles 361
East Jordan, MI 16.1 miles 2,023
Pellston, MI 16.3 miles 755
Indian River, MI 18.2 miles 2,039
Ellsworth, MI 18.5 miles 265
Wolverine, MI 19.7 miles 265
Norwood, MI 21.3 miles 126
Vanderbilt, MI 22 miles 341
Central Lake, MI 24.4 miles 1,051
Eastport, MI 24.9 miles 311
Carp Lake, MI 25 miles 380
Alba, MI 26.7 miles 282
Gaylord, MI 28.1 miles 4,357
Bellaire, MI 29 miles 1,008
Lakes of the North, MI 30.1 miles 1,524
Mackinaw City, MI 30.6 miles 778
Cheboygan, MI 31.6 miles 4,820
Mancelona, MI 32.2 miles 1,476
Tower, MI 33.6 miles 275
Northport, MI 34.6 miles 465
Omena, MI 36.3 miles 305
Alden, MI 36.3 miles 133
St. James, MI 36.8 miles 269
Onaway, MI 37 miles 674
St. Ignace, MI 37.1 miles 2,463
Elk Rapids, MI 38.3 miles 1,624
Mackinac Island, MI 38.4 miles 561
Rapid City, MI 39.3 miles 1,328
Canada Creek Ranch, MI 40 miles 381
Manistee Lake, MI 40.2 miles 412
Suttons Bay, MI 41.8 miles 555
Leland, MI 44.3 miles 400
Lake Leelanau, MI 44.3 miles 124
Bear Lake, MI 44.7 miles 343
Kalkaska, MI 44.8 miles 2,539
Millersburg, MI 45.1 miles 137
Lewiston, MI 47.4 miles 1,201
Atlanta, MI 47.9 miles 758
Grayling, MI 50.8 miles 1,671
Greilickville, MI 50.8 miles 1,519