Michigan · Census place 16440
Climax village, MI
Quick answer
Climax village has 790 residents, ranking #476 of 745 places in Michigan. Median household income is $78,750, the median home is worth $202,600 and median gross rent runs $850 a month.
- Population
- 790Climax village residents
- Median household income
- $78,750Past 12 months, inflation adjusted
- Median home value
- $202,600Owner-occupied units
- Median gross rent
- $850Rent plus utilities, monthly
- Median age
- 30.2 yrsAll residents
- Homeownership rate
- 84.2%Owner-occupied households
What the numbers mean in Climax village
Housing cost measured against local earnings.
A household earning the Climax village median would spend about 13% 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 9% of residents and 84.2% 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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