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ZipNumbers

Michigan · Census place 13420

Caro city, MI

Quick answer

Caro city has 4,284 residents, ranking #198 of 745 places in Michigan. Median household income is $41,940, the median home is worth $102,200 and median gross rent runs $728 a month.

Population
4,284Caro city residents
Median household income
$41,940Past 12 months, inflation adjusted
Median home value
$102,200Owner-occupied units
Median gross rent
$728Rent plus utilities, monthly
Median age
40.6 yrsAll residents
Homeownership rate
62.6%Owner-occupied households

What the numbers mean in Caro city

Housing cost measured against local earnings.

A household earning the Caro city median would spend about 20.8% 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 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 26.7% of residents and 62.6% 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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