Michigan · Census place 63800
Petersburg city, MI
Quick answer
Petersburg city has 1,261 residents, ranking #394 of 745 places in Michigan. Median household income is $76,071, the median home is worth $197,100 and median gross rent runs $1,019 a month.
- Population
- 1,261Petersburg city residents
- Median household income
- $76,071Past 12 months, inflation adjusted
- Median home value
- $197,100Owner-occupied units
- Median gross rent
- $1,019Rent plus utilities, monthly
- Median age
- 39.2 yrsAll residents
- Homeownership rate
- 83.5%Owner-occupied households
What the numbers mean in Petersburg city
Housing cost measured against local earnings.
A household earning the Petersburg city median would spend about 16.1% 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 4% of residents and 83.5% 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.
- Gwinn CDP 1,268
- Schoolcraft village 1,268
- Ontonagon village 1,266
- Edwardsburg village 1,244
- Reading city 1,241
- Birch Run village 1,236
- Grass Lake village 1,235
Keep going
More Michigan coverage.