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CITY · 2020 ACS

Hardwood Acres

Michigan · 393 residents · 0.532 sq mi
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The short version

Hardwood Acres is significantly wealthier than the US average, with a median household income of $97,150. Population has fallen 24% since 2019, a loss of 124 residents. 49% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $189,800. Poverty is rare here, at 2.5% of residents. Households here earn about 64% more than the Michigan median.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 39.1
US median: 38.8
More educated
49% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
393
−24%since 2019
from 517 in 2019
2010 – 2024
Population density
739 / sq mi
−24%since 2019
from 972 / sq mi in 2019
US average: 280
Median age
39.1
+41%since 2019
from 27.8 in 2019
US average: 38.8
Population, 2010 – 2024
276401527652777201020202024Hardwood Acres
2024611
201020202024
Section 02

Income & economy

Median household income
$97,150
+2%inflation adjusted, since 2019
from $94,022 in 2019
US average: $66,278
2010 – 2024
Per capita income
$31,144
+10%since 2019
from $28,422 in 2019
US average: $35,364
Households earning $100K+
91.4%
+6.6 ptssince 2019
from 84.8% in 2019
US average: 43.9%
Poverty rate
2.5%
+2.5 ptssince 2019
from 0.0% in 2019
US average: 12.8%
Workforce by industry, 2020
Transportation & warehousing25.1%
US avg: 2.5%
Other services17.7%
US avg: 6.6%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Retail trade0%
US avg: 10%
Information0%
US avg: 11.1%
Finance & insurance0%
US avg: 5.5%
Professional, scientific, technical0%
US avg: 4.7%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$189,800
−4%inflation adjusted, since 2019
from $194,600 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
100.0%
+28.8 ptssince 2019
from 71.2% in 2019
0.0% rent
Afford Score
2.0
−6%since 2019
from 2.1 in 2019
2010 – 2024
RELATED:See current rent listings in Hardwood Acres on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic100%(517)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2020
White, non-Hispanic90.8%(357)
Black0%(0)
Hispanic / Latino1.5%(6)
Asian0.8%(3)
Other0%(0)
Diversity Score6%(24)
Diversity Score
6
from 0 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
48.6%
+6.2 ptssince 2019
from 42.4% in 2019
US average: 32.9%
High school or higher
100.0%
Unchangedsince 2019
from 100.0% in 2019
US average: 88.5%
Graduate degree
5.5%
Unchangedsince 2019
from 5.5% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
19.9 min
−5%since 2019
from 21.0 min in 2019
US average: 26.9
Drive alone to work
94.2%
+12.3 ptssince 2019
from 81.9% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 5.4%
Labor force participation
78.5%
−5.9 ptssince 2019
from 84.4% in 2019
US average: 63.4%
Management & professional
31.1%
−0.2 ptssince 2019
from 31.4% in 2019
US average: 39.3%
Section 08

People & community

Male
48.7%
−5.0 ptssince 2019
from 53.8% in 2019
Female
51.3%
+5.0 ptssince 2019
from 46.2% in 2019
Foreign born
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 13.5%
Uninsured
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.8%
Drill deeper

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Head to head

Compare Hardwood Acres to nearby cities

HARDWOOD ACRES VS
Traverse City
Income$74,087−24%
Home value$415,400+119%
Population15,832+2491%
SEE FULL COMPARISON →
HARDWOOD ACRES VS
Cadillac
Income$51,773−47%
Home value$134,300−29%
Population10,438+1608%
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HARDWOOD ACRES VS
Big Rapids
Income$43,858−55%
Home value$156,400−18%
Population8,623+1311%
SEE FULL COMPARISON →
HARDWOOD ACRES VS
Sturgeon Bay
Income$59,926−38%
Home value$236,300+24%
Population9,917+1523%
SEE FULL COMPARISON →
Frequently asked

How many people live in Hardwood Acres, Michigan?

Hardwood Acres, Michigan has about 393 residents according to the 2020 American Community Survey.

What is the median household income in Hardwood Acres, Michigan?

The typical household in Hardwood Acres, Michigan earns about $97,150 a year. Half of households make more than that, and half make less.

Is Hardwood Acres, Michigan expensive?

In Hardwood Acres, Michigan, the median home is worth about $189,800.

How educated are people in Hardwood Acres, Michigan?

About 48.6% of adults age 25 and over in Hardwood Acres, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Hardwood Acres, Michigan?

About 2.5% of people in Hardwood Acres, 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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