Michigan · Census place 63820
Petoskey city, MI
Quick answer
Petoskey city has 5,851 residents, ranking #162 of 745 places in Michigan. Median household income is $71,783, the median home is worth $319,300 and median gross rent runs $872 a month.
- Population
- 5,851Petoskey city residents
- Median household income
- $71,783Past 12 months, inflation adjusted
- Median home value
- $319,300Owner-occupied units
- Median gross rent
- $872Rent plus utilities, monthly
- Median age
- 42.9 yrsAll residents
- Homeownership rate
- 60.3%Owner-occupied households
What the numbers mean in Petoskey city
Housing cost measured against local earnings.
A household earning the Petoskey city median would spend about 14.6% 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 4.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.4% of residents and 60.3% 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.
- Belding city 5,949
- Buena Vista CDP 5,904
- Swartz Creek city 5,856
- Richmond city 5,839
- Houghton Lake CDP 5,761
- Zeeland city 5,691
- Dowagiac city 5,677
Keep going
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