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CITY · 2020 ACS

Bear Lake

Michigan · 366 residents · 5.761 sq mi
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The short version

Bear Lake has lower-than-average household income, with a median household income of $54,750. Population has held roughly steady since 2019. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $98,900. With a median age of 58.9, the population is older than the US median of 38.8.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 58.9
US median: 38.8
Less educated
17% hold a bachelor's degree
US average: 33%
More affordable
home values down 16%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
366
−1%since 2019
from 368 in 2019
2010 – 2024
Population density
64 / sq mi
−1%since 2019
from 64 / sq mi in 2019
US average: 280
Median age
58.9
−4%since 2019
from 61.1 in 2019
US average: 38.8
Population, 2010 – 2024
227280334387440201020202024Bear Lake
2024343
201020202024
Section 02

Income & economy

Median household income
$54,750
+12%inflation adjusted, since 2019
from $48,125 in 2019
US average: $66,278
2010 – 2024
Per capita income
$25,764
+6%since 2019
from $24,293 in 2019
US average: $35,364
Households earning $100K+
27.0%
+9.5 ptssince 2019
from 17.5% in 2019
US average: 43.9%
Poverty rate
18.1%
−1.5 ptssince 2019
from 19.6% in 2019
US average: 12.8%
Workforce by industry, 2020
Information13.4%
US avg: 11.1%
Retail trade7.1%
US avg: 10%
Other services5.5%
US avg: 6.6%
Finance & insurance1.6%
US avg: 5.5%
Professional, scientific, technical1.6%
US avg: 4.7%
Arts, entertainment, food1.6%
US avg: 2%
Agriculture, forestry, fishing0.8%
US avg: 1.7%
Construction0.8%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$98,900
−16%inflation adjusted, since 2019
from $116,900 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
94.6%
+0.2 ptssince 2019
from 94.4% in 2019
5.4% rent
Afford Score
1.8
−26%since 2019
from 2.4 in 2019
2010 – 2024
RELATED:See current rent listings in Bear Lake on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic97.6%(359)
Black0%(0)
Hispanic / Latino0.8%(3)
Asian0%(0)
Other1.6%(6)
Diversity Score6%(22)
2020
White, non-Hispanic97.5%(357)
Black0%(0)
Hispanic / Latino0.5%(2)
Asian0%(0)
Other3%(11)
Diversity Score8.4%(31)
Diversity Score
8
+40%since 2019
from 6 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
16.7%
+2.3 ptssince 2019
from 14.5% in 2019
US average: 32.9%
High school or higher
86.9%
−0.6 ptssince 2019
from 87.4% in 2019
US average: 88.5%
Graduate degree
6.0%
−0.6 ptssince 2019
from 6.6% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
22.5 min
−12%since 2019
from 25.4 min in 2019
US average: 26.9
Drive alone to work
87.1%
+9.3 ptssince 2019
from 77.8% in 2019
US average: 75.1%
No vehicle available
5.3%
+1.9 ptssince 2019
from 3.4% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
11.8%
+0.7 ptssince 2019
from 11.1% in 2019
US average: 5.4%
Labor force participation
40.7%
+1.1 ptssince 2019
from 39.6% in 2019
US average: 63.4%
Management & professional
13.4%
+0.1 ptssince 2019
from 13.3% in 2019
US average: 39.3%
Section 08

People & community

Male
53.1%
−0.2 ptssince 2019
from 53.3% in 2019
Female
46.9%
+0.2 ptssince 2019
from 46.7% in 2019
Foreign born
1.6%
−0.3 ptssince 2019
from 1.9% in 2019
US average: 13.5%
Uninsured
8.9%
+2.4 ptssince 2019
from 6.5% in 2019
US average: 8.8%
Drill deeper

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Compare Bear Lake to nearby cities

BEAR LAKE VS
Traverse City
Income$74,087+35%
Home value$415,400+320%
Population15,832+4516%
SEE FULL COMPARISON →
BEAR LAKE VS
Cadillac
Income$51,773−5%
Home value$134,300+36%
Population10,438+2943%
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BEAR LAKE VS
Big Rapids
Income$43,858−20%
Home value$156,400+58%
Population8,623+2414%
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BEAR LAKE VS
Alpena
Income$47,545−13%
Home value$118,700+20%
Population10,088+2841%
SEE FULL COMPARISON →
Frequently asked

How many people live in Bear Lake, Michigan?

Bear Lake, Michigan has about 366 residents according to the 2020 American Community Survey.

What is the median household income in Bear Lake, Michigan?

The typical household in Bear Lake, Michigan earns about $54,750 a year. Half of households make more than that, and half make less.

Is Bear Lake, Michigan expensive?

In Bear Lake, Michigan, the median home is worth about $98,900.

How educated are people in Bear Lake, Michigan?

About 16.7% of adults age 25 and over in Bear Lake, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Bear Lake, Michigan?

About 18.1% of people in Bear Lake, Michigan live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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