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CITY

Petoskey

Michigan · 5,772 residents (2025 est.) · 5.147 sq mi
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The short version

Petoskey has roughly average household income, with a median household income of $74,196. Population has declined 4% since 2000. 53% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has roughly tripled since 2000, reaching $364,100.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 41.0
US median: 38.9
More educated
53% hold a bachelor's degree
US average: 36%
Less affordable
home values up 62%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,856
−4%since 2000
from 6,080 in 2000
1990 – 2025
Population density
1,138 / sq mi
−4%since 2000
from 1,181 / sq mi in 2000
US average: 281
Median age
41.0
+6%since 2000
from 38.7 in 2000
US average: 38.9

PEP 2025 EST:5,772 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
6K6K6K6K6K1990201020202024Petoskey
20246K
1990201020202024
Section 02

Income & economy

Median household income
$74,196
+21%inflation adjusted, since 2000
from $33,657 in 2000
US average: $82,259
1990 – 2024
Per capita income
$54,842
+171%since 2000
from $20,259 in 2000
US average: $44,673
Households earning $100K+
49.7%
+29.1 ptssince 2009
from 20.6% in 2009
US average: 53.3%
Poverty rate
9.0%
−3.0 ptssince 2000
from 12.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.536
+5%since 2010
from 0.511 in 2010
US average: 0.476
Workforce by industry, 2024
Information11.4%
US avg: 10.8%
Retail trade8%
US avg: 9.9%
Wholesale trade7%
US avg: 6.9%
Other services4.6%
US avg: 6.7%
Public administration4.3%
US avg: 4.8%
Finance & insurance3.6%
US avg: 5.9%
Professional, scientific, technical3.1%
US avg: 5.1%
Transportation & warehousing1.7%
US avg: 2.2%
Arts, entertainment, food1.5%
US avg: 1.9%
Agriculture, forestry, fishing1.5%
US avg: 1.6%
Construction1.5%
US avg: 1.2%
Education & health services0.4%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$364,100
+62%inflation adjusted, since 2000
from $123,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,006
+21%inflation adjusted, since 2000
from $458 in 2000
US average: $1,442
Owner-occupied
61.1%
+9.2 ptssince 2000
from 52.0% in 2000
38.9% rent
Vacancy rate
13.7%
−10.1 ptssince 2009
from 23.8% in 2009
US average: 10.0%
Owner cost-burdened
17.4%
−16.7 ptssince 2009
from 34.0% in 2009
US average: 22.9%
Renter cost-burdened
45.5%
+1.7 ptssince 2009
from 43.8% in 2009
US average: 47.4%
Afford Score
4.9
+34%since 2000
from 3.7 in 2000
1990 – 2024
Gentrification Score
84
RELATED:See current rent listings in Petoskey on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.6%(5,689)
Black0.3%(18)
Hispanic / Latino1.2%(71)
Asian0.8%(47)
Other0%
Diversity Score5.7%(349)
2024
White, non-Hispanic87%(5,094)
Black0.8%(49)
Hispanic / Latino2.9%(167)
Asian1.5%(89)
Other7.8%(457)
Diversity Score29.5%(1,728)
Diversity Score
30
+414%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
53.4%
+22.4 ptssince 2000
from 31.0% in 2000
US average: 35.6%
High school or higher
96.8%
+9.7 ptssince 2000
from 87.1% in 2000
US average: 89.6%
Graduate degree
25.5%
+12.8 ptssince 2000
from 12.7% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
14.6 min
+34%since 2000
from 10.9 min in 2000
US average: 26.5
Drive alone to work
63.9%
−6.3 ptssince 2009
from 70.2% in 2009
US average: 68.9%
Carpooled to work
11.7%
+6.7 ptssince 2009
from 5.0% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
13.1%
+7.0 ptssince 2009
from 6.1% in 2009
US average: 15.0%
Walked to work
9.6%
−6.9 ptssince 2009
from 16.5% in 2009
US average: 2.4%
Biked to work
1.1%
−0.1 ptssince 2009
from 1.2% in 2009
US average: 0.4%
No vehicle available
4.7%
−8.2 ptssince 2009
from 12.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.6%
−9.6 ptssince 2011
from 11.2% in 2011
US average: 5.2%
Labor force participation
63.8%
−6.1 ptssince 2011
from 69.8% in 2011
US average: 63.5%
Self-employed
21.2%
+6.9 ptssince 2009
from 14.3% in 2009
US average: 13.1%
Management & professional
47.3%
−21.9 ptssince 2009
from 69.1% in 2009
US average: 42.5%
Section 08

People & community

Male
46.5%
+2.1 ptssince 2009
from 44.4% in 2009
Female
53.5%
−2.1 ptssince 2009
from 55.6% in 2009
Foreign born
3.0%
+1.7 ptssince 2009
from 1.2% in 2009
US average: 14.1%
Veterans
5.6%
−38.6 ptssince 2009
from 44.2% in 2009
US average: 6.2%
With a disability
11.5%
Unchangedsince 2012
from 11.5% in 2012
US average: 13.3%
Uninsured
5.5%
−83.4 ptssince 2013
from 88.9% in 2013
US average: 8.4%
Broadband at home
91.0%
+14.3 ptssince 2017
from 76.7% in 2017
US average: 91.0%
English only at home
94.5%
−3.0 ptssince 2016
from 97.4% in 2016
US average: 77.7%
Spanish at home
2.4%
+1.4 ptssince 2016
from 1.0% in 2016
US average: 13.6%
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Compare Petoskey to nearby cities

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Home value$415,400+14%
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PETOSKEY VS
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PETOSKEY VS
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PETOSKEY VS
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Home value$139,400−62%
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Frequently asked

How many people live in Petoskey, Michigan?

Petoskey, Michigan has about 5,856 residents according to the 2024 American Community Survey.

What is the median household income in Petoskey, Michigan?

The typical household in Petoskey, Michigan earns about $74,196 a year. Half of households make more than that, and half make less.

Is Petoskey, Michigan expensive?

In Petoskey, Michigan, the median home is worth about $364,100, and the typical rent is about $1,006 a month.

How educated are people in Petoskey, Michigan?

About 53.4% of adults age 25 and over in Petoskey, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Petoskey, Michigan?

About 9.0% of people in Petoskey, Michigan live below the federal poverty line.

Has Petoskey, Michigan grown since 1990?

Yes, Petoskey, Michigan has shrunk since 1990. The population has lost about 200 residents, a change of about -3 percent over that period.

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

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