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CITY · 2020 ACS

Petoskey

Michigan · 5,877 residents · 5.147 sq mi
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The short version

Petoskey has lower-than-average household income, with a median household income of $58,197. Population has declined 3% since 2000. 45% of adults hold a bachelor's degree or higher. Median home value has more than doubled since 2000, reaching $221,900. 45% of adults hold a bachelor's degree, well above the US average, yet household income trails the national figure — a profile common to graduate-student tracts and academic hubs.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 43.0
US median: 38.8
More educated
45% 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
5,877
−3%since 2000
from 6,080 in 2000
1990 – 2025
Population density
1,142 / sq mi
−3%since 2000
from 1,181 / sq mi in 2000
US average: 280
Median age
43.0
+11%since 2000
from 38.7 in 2000
US average: 38.8
Population, 1990 – 2024
6K6K6K6K6K1990201020202024Petoskey
20246K
1990201020202024
Section 02

Income & economy

Median household income
$58,197
+15%inflation adjusted, since 2000
from $33,657 in 2000
US average: $66,278
1990 – 2024
Per capita income
$44,185
+118%since 2000
from $20,259 in 2000
US average: $35,364
Households earning $100K+
32.0%
+11.4 ptssince 2009
from 20.6% in 2009
US average: 43.9%
Poverty rate
8.0%
−4.0 ptssince 2000
from 12.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information14.9%
US avg: 11.1%
Retail trade8.4%
US avg: 10%
Wholesale trade4.8%
US avg: 6.7%
Other services4.1%
US avg: 6.6%
Finance & insurance3%
US avg: 5.5%
Professional, scientific, technical2.7%
US avg: 4.7%
Public administration2.4%
US avg: 4.7%
Transportation & warehousing0.7%
US avg: 2.5%
Arts, entertainment, food0.4%
US avg: 2%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.3%
US avg: 1.2%
Education & health services0.3%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$221,900
+20%inflation adjusted, since 2000
from $123,100 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$728
+6%inflation adjusted, since 2000
from $458 in 2000
US average: $1,124
Owner-occupied
54.5%
+2.6 ptssince 2000
from 52.0% in 2000
45.5% rent
Afford Score
3.8
+4%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)
2020
White, non-Hispanic88%(5,173)
Black0.7%(40)
Hispanic / Latino2.4%(140)
Asian0.6%(36)
Other6.8%(397)
Diversity Score24.4%(1,434)
Diversity Score
24
+325%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
45.3%
+14.3 ptssince 2000
from 31.0% in 2000
US average: 32.9%
High school or higher
95.3%
+8.2 ptssince 2000
from 87.1% in 2000
US average: 88.5%
Graduate degree
23.2%
+10.5 ptssince 2000
from 12.7% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
19.0 min
+75%since 2000
from 10.9 min in 2000
US average: 26.9
Drive alone to work
69.4%
−0.8 ptssince 2009
from 70.2% in 2009
US average: 75.1%
No vehicle available
7.3%
−5.6 ptssince 2009
from 12.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.6%
−9.5 ptssince 2011
from 11.2% in 2011
US average: 5.4%
Labor force participation
68.6%
−1.2 ptssince 2011
from 69.8% in 2011
US average: 63.4%
Management & professional
43.1%
−26.1 ptssince 2009
from 69.1% in 2009
US average: 39.3%
Section 08

People & community

Male
46.9%
+2.5 ptssince 2009
from 44.4% in 2009
Female
53.1%
−2.5 ptssince 2009
from 55.6% in 2009
Foreign born
2.1%
+0.8 ptssince 2009
from 1.2% in 2009
US average: 13.5%
Uninsured
5.9%
−83.0 ptssince 2013
from 88.9% in 2013
US average: 8.8%
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PETOSKEY VS
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PETOSKEY VS
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PETOSKEY VS
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Frequently asked

How many people live in Petoskey, Michigan?

Petoskey, Michigan has about 5,877 residents according to the 2020 American Community Survey.

What is the median household income in Petoskey, Michigan?

The typical household in Petoskey, Michigan earns about $58,197 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 $221,900, and the typical rent is about $728 a month.

How educated are people in Petoskey, Michigan?

About 45.3% 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 8.0% 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 179 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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