Michigan · Census place 75820
Spring Lake village, MI
Quick answer
Spring Lake village has 2,530 residents, ranking #268 of 745 places in Michigan. Median household income is $75,000, the median home is worth $271,100 and median gross rent runs $947 a month.
- Population
- 2,530Spring Lake village residents
- Median household income
- $75,000Past 12 months, inflation adjusted
- Median home value
- $271,100Owner-occupied units
- Median gross rent
- $947Rent plus utilities, monthly
- Median age
- 56.5 yrsAll residents
- Homeownership rate
- 88.1%Owner-occupied households
What the numbers mean in Spring Lake village
Housing cost measured against local earnings.
A household earning the Spring Lake village median would spend about 15.2% 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 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.9% of residents and 88.1% 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.
- Pleasant Ridge city 2,607
- Village of Grosse Pointe Shores city 2,589
- Shelby village 2,571
- Woodland Beach CDP 2,509
- Reed City city 2,505
- Newaygo city 2,486
- Charlevoix city 2,420
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