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ZipNumbers

Michigan · Census place 11400

Buchanan city, MI

Quick answer

Buchanan city has 4,259 residents, ranking #200 of 745 places in Michigan. Median household income is $54,068, the median home is worth $138,400 and median gross rent runs $952 a month.

Population
4,259Buchanan city residents
Median household income
$54,068Past 12 months, inflation adjusted
Median home value
$138,400Owner-occupied units
Median gross rent
$952Rent plus utilities, monthly
Median age
32.9 yrsAll residents
Homeownership rate
56%Owner-occupied households

What the numbers mean in Buchanan city

Housing cost measured against local earnings.

A household earning the Buchanan city median would spend about 21.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 56% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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