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CITY · 2010 ACS

Petoskey

Michigan · 5,670 residents · 5.147 sq mi
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The short version

Petoskey has notably lower household income than the US average, with a median household income of $38,396. Population has declined 7% since 2000. Median home value has risen by half since 2000, reaching $186,600.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 39.8
US median: 37.2
More educated
33% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
5,670
−7%since 2000
from 6,080 in 2000
1990 – 2025
Population density
1,102 / sq mi
−7%since 2000
from 1,181 / sq mi in 2000
US average: 261
Median age
39.8
+3%since 2000
from 38.7 in 2000
US average: 37.2
Population, 1990 – 2024
6K6K6K6K6K1990201020202024Petoskey
20246K
1990201020202024
Section 02

Income & economy

Median household income
$38,396
−10%inflation adjusted, since 2000
from $33,657 in 2000
US average: $52,703
1990 – 2024
Per capita income
$27,285
+35%since 2000
from $20,259 in 2000
US average: $27,286
Households earning $100K+
21.3%
+0.7 ptssince 2009
from 20.6% in 2009
US average: 33.3%
Poverty rate
13.9%
+1.9 ptssince 2000
from 12.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.511
US average: 0.461
Workforce by industry, 2010
Information13.4%
US avg: 11.5%
Other services4.8%
US avg: 7%
Wholesale trade4.6%
US avg: 7.2%
Retail trade4.2%
US avg: 10.9%
Arts, entertainment, food3.9%
US avg: 2.4%
Finance & insurance3%
US avg: 5.1%
Professional, scientific, technical3%
US avg: 4.2%
Public administration2%
US avg: 4.9%
Transportation & warehousing1.4%
US avg: 3.1%
Agriculture, forestry, fishing0.4%
US avg: 1.9%
Manufacturing0.4%
US avg: 0.5%
Construction0%
US avg: 1.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$186,600
+20%inflation adjusted, since 2000
from $123,100 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$589
+2%inflation adjusted, since 2000
from $458 in 2000
US average: $853
Owner-occupied
35.7%
−16.3 ptssince 2000
from 52.0% in 2000
47.2% rent
Vacancy rate
27.0%
+3.2 ptssince 2009
from 23.8% in 2009
US average: 12.1%
Owner cost-burdened
35.1%
+1.1 ptssince 2009
from 34.0% in 2009
US average: 30.9%
Renter cost-burdened
43.0%
−0.7 ptssince 2009
from 43.8% in 2009
US average: 46.8%
Afford Score
4.9
+33%since 2000
from 3.7 in 2000
1990 – 2024
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)
2010
White, non-Hispanic90.8%(5,147)
Black0.7%(38)
Hispanic / Latino1.9%(107)
Asian0.4%(21)
Other4.1%(235)
Diversity Score17.1%(971)
Diversity Score
17
+198%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
33.0%
+2.0 ptssince 2000
from 31.0% in 2000
US average: 27.9%
High school or higher
92.4%
+5.3 ptssince 2000
from 87.1% in 2000
US average: 84.9%
Graduate degree
12.4%
−0.3 ptssince 2000
from 12.7% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
14.8 min
+36%since 2000
from 10.9 min in 2000
US average: 25.2
Drive alone to work
65.7%
−4.5 ptssince 2009
from 70.2% in 2009
US average: 76.2%
Carpooled to work
7.0%
+2.0 ptssince 2009
from 5.0% in 2009
US average: 10.4%
Public transit
0.3%
+0.3 ptssince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
6.8%
+0.7 ptssince 2009
from 6.1% in 2009
US average: 4.1%
Walked to work
17.4%
+0.9 ptssince 2009
from 16.5% in 2009
US average: 2.8%
Biked to work
1.4%
+0.2 ptssince 2009
from 1.2% in 2009
US average: 0.5%
No vehicle available
15.7%
+2.8 ptssince 2009
from 12.9% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
13.3%
−1.1 ptssince 2009
from 14.3% in 2009
US average: 12.9%
Management & professional
35.6%
−33.5 ptssince 2009
from 69.1% in 2009
US average: 35.2%
Section 08

People & community

Male
44.8%
+0.4 ptssince 2009
from 44.4% in 2009
Female
55.2%
−0.4 ptssince 2009
from 55.6% in 2009
Foreign born
1.7%
+0.4 ptssince 2009
from 1.2% in 2009
US average: 12.8%
Veterans
7.9%
−36.4 ptssince 2009
from 44.2% in 2009
US average: 9.9%
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Compare Petoskey to nearby cities

PETOSKEY VS
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Income$74,087+93%
Home value$415,400+123%
Population15,832+174%
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PETOSKEY VS
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Income$47,545+24%
Home value$118,700−36%
Population10,088+75%
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PETOSKEY VS
Cadillac
Income$51,773+35%
Home value$134,300−28%
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PETOSKEY VS
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Home value$139,400−25%
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Frequently asked

How many people live in Petoskey, Michigan?

Petoskey, Michigan has about 5,670 residents according to the 2010 American Community Survey.

What is the median household income in Petoskey, Michigan?

The typical household in Petoskey, Michigan earns about $38,396 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 $186,600, and the typical rent is about $589 a month.

How educated are people in Petoskey, Michigan?

About 33.0% 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 13.9% 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 386 residents, a change of about -6 percent over that period.

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

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