Petoskey is a city of 5,856 people in Michigan. 53% of adults hold a bachelor's degree, against 36% nationally. Getting to work takes 15 minutes on average. 3% of residents were born outside the United States. Density works out to 1,138 people per square mile. Renters pay $1,006 a month at the median.
At a glance
Lower income
median household income $74,196, 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
Unique to this place
What stands out about Petoskey
What changed most since 1990
Adults with a bachelor's degree23.2% → 53.4%(+30.2 pts)US over the same years: +15.3 pts
Median home value (2024 dollars)$154,564 → $364,100(+136%)US over the same years: +67%
White share96.2% → 87.0%(−9.2 pts)US over the same years: −17.8 pts
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)19.9%(53)
US avg: 26.4%
Gulf War (1990s)22.5%(60)
US avg: 24.3%
Vietnam era34.5%(92)
US avg: 33.1%
Korean War4.5%(12)
US avg: 4.5%
World War II0%(0)
US avg: 1%
Share of the 267 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Petoskey, decade by decade
Petoskey population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
6,056
$62,534
$154,564
23.2%
9.3
2000
6,080
$61,311
$224,246
31.0%
15.3
2010
5,670
$55,235
$268,437
33.0%
21.7
2020
5,877
$70,537
$268,951
45.3%
27.5
2024
5,856
$74,196
$364,100
53.4%
29.5
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
