Michigan · Census place 14400
Central Lake village, MI
Quick answer
Central Lake village has 976 residents, ranking #442 of 745 places in Michigan. Median household income is $58,900, the median home is worth $152,800 and median gross rent runs $994 a month.
- Population
- 976Central Lake village residents
- Median household income
- $58,900Past 12 months, inflation adjusted
- Median home value
- $152,800Owner-occupied units
- Median gross rent
- $994Rent plus utilities, monthly
- Median age
- 31.2 yrsAll residents
- Homeownership rate
- 77.9%Owner-occupied households
What the numbers mean in Central Lake village
Housing cost measured against local earnings.
A household earning the Central Lake village median would spend about 20.3% 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 8.7% of residents and 77.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Lake Victoria CDP 1,002
- Au Gres city 982
- Lewiston CDP 980
- Hubbard Lake CDP 976
- Mayville village 971
- Hubbell CDP 970
- Napoleon CDP 969
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