Laketon, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Laketon, MI: Quick Facts & Overview
- Population: 1,335 residents (3 people per sq. mi.)
- Average House Price: $190,308
- Average Household Income: $54,563
Laketon, MI is located in the state of Michigan. It is home to about 1,335 people, with around 3 residents living in every square mile.
If you want to buy a house in Laketon, the average price is around $190,308. That makes local housing 14% lower than the Michigan average of $221,733, and 38% lower than the national average of $308,592.
The average household in Laketon earns about $54,563 a year. This income is 26% lower than the average family in Michigan ($73,374), and 31% lower than the national average ($78,686).
Population
1,335
Median Household Income
$54,563
Median Home Value
$190,308
Median Age
57.4 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $35,682 |
| Labor Force Participation | 38.0% |
| Unemployment Rate | 5.4% |
| Average Commute Time | 27.8 mins |
Housing & Community Metrics
| Home Ownership Rate | 88.4% |
| Median Rent | $744 |
| Rent Burdened (>30% Income) | 33.5% |
| Total Housing Units | 699 |
Additional Census & Housing Profile
Geographic Overview
| County | Luce |
| County FIPS | 26095 |
| Metro Area (CBSA) | - |
| Population Density | 2.7/sq mi |
| Coordinates (lat/lng) | 46.3428, -85.7485 |
| Timezone | America/Detroit |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.34 |
| Dual Income Families | 24.9% |
Marital Status
| Married | 67.4% |
| Never Married | 12.7% |
| Divorced | 11.7% |
| Widowed | 8.2% |
Gender
| Male | 57.8% |
| Female | 42.2% |
Health & Poverty
| Uninsured Rate (Health) | 2.8% |
| Poverty Rate | 9.5% |
Key Population Groups
| Veterans | 20.0% |
| Disabled Population | 20.9% |
| Limited English Proficiency | - |
All ZIP Codes in Laketon
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49853 | 1,335 | $54,563 | $190,308 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Newberry, MI | 11.4 miles | 1,329 |
| Naubinway, MI | 22.4 miles | 103 |
| Grand Marais, MI | 25 miles | 153 |
| Manistique, MI | 35.8 miles | 2,863 |
| St. James, MI | 42.6 miles | 269 |
| Munising, MI | 43 miles | 1,975 |