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ZipNumbers

Michigan · Census place 28000

Fife Lake village, MI

Quick answer

Fife Lake village has 359 residents, ranking #600 of 745 places in Michigan. Median household income is $67,188, the median home is worth $185,200 and median gross rent runs $1,000 a month.

Population
359Fife Lake village residents
Median household income
$67,188Past 12 months, inflation adjusted
Median home value
$185,200Owner-occupied units
Median gross rent
$1,000Rent plus utilities, monthly
Median age
49.3 yrsAll residents
Homeownership rate
86.2%Owner-occupied households

What the numbers mean in Fife Lake village

Housing cost measured against local earnings.

A household earning the Fife Lake village median would spend about 17.9% 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 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.1% of residents and 86.2% 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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