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CITY

Walloon Lake

Michigan · 294 residents · 1.355 sq mi
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The short version

Walloon Lake has roughly average household income, with a median household income of $87,303. Population has held roughly steady since 2023. 52% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $285,400. With a median age of 50.7, the population is older than the US median of 38.9.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 50.7
US median: 38.9
More educated
52% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
294
+14%since 2023
from 258 in 2023
2010 – 2024
Population density
217 / sq mi
+14%since 2023
from 190 / sq mi in 2023
US average: 281
Median age
50.7
+2%since 2023
from 49.9 in 2023
US average: 38.9
Population, 2010 – 2024
207258309359410201020202024Walloon Lake
2024294
201020202024
Section 02

Income & economy

Median household income
$87,303
+1%inflation adjusted, since 2023
from $84,250 in 2023
US average: $82,259
2010 – 2024
Per capita income
$84,905
+24%since 2023
from $68,260 in 2023
US average: $44,673
Households earning $100K+
65.4%
+6.0 ptssince 2023
from 59.5% in 2023
US average: 53.3%
Poverty rate
4.4%
+1.3 ptssince 2023
from 3.1% in 2023
US average: 12.5%
Income inequality (Gini)
0.544
+4%since 2023
from 0.522 in 2023
US average: 0.476
Workforce by industry, 2024
Finance & insurance15.5%
US avg: 5.9%
Education & health services12.1%
US avg: 0.9%
Retail trade5.2%
US avg: 9.9%
Transportation & warehousing4.3%
US avg: 2.2%
Information4.3%
US avg: 10.8%
Professional, scientific, technical3.4%
US avg: 5.1%
Other services2.6%
US avg: 6.7%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Arts, entertainment, food0%
US avg: 1.9%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$285,400
+7%inflation adjusted, since 2023
from $260,000 in 2023
US average: $376,019
2010 – 2024
Owner-occupied
82.7%
+10.6 ptssince 2023
from 72.1% in 2023
17.3% rent
Vacancy rate
45.7%
+4.1 ptssince 2023
from 41.6% in 2023
US average: 10.0%
Owner cost-burdened
17.3%
+11.0 ptssince 2023
from 6.3% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
−12.9 ptssince 2023
from 12.9% in 2023
US average: 47.4%
Afford Score
3.3
+6%since 2023
from 3.1 in 2023
2010 – 2024
Gentrification Score
66
RELATED:See current rent listings in Walloon Lake on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic95%(245)
Black0%(0)
Hispanic / Latino3.1%(8)
Asian0%(0)
Other1.9%(5)
Diversity Score12.1%(31)
2024
White, non-Hispanic98%(288)
Black0%(0)
Hispanic / Latino1.4%(4)
Asian0%(0)
Other0.7%(2)
Diversity Score5%(15)
Diversity Score
5
−59%since 2023
from 12 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
52.2%
+5.6 ptssince 2023
from 46.5% in 2023
US average: 35.6%
High school or higher
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 89.6%
Graduate degree
23.7%
+8.4 ptssince 2023
from 15.3% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.6 min
+2%since 2023
from 21.1 min in 2023
US average: 26.5
Drive alone to work
77.6%
−1.4 ptssince 2023
from 78.9% in 2023
US average: 68.9%
Carpooled to work
12.1%
+0.7 ptssince 2023
from 11.4% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
3.4%
−0.1 ptssince 2023
from 3.5% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
8.3%
+2.0 ptssince 2023
from 6.3% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
Unchangedsince 2023
from 1.7% in 2023
US average: 5.2%
Labor force participation
48.8%
−8.1 ptssince 2023
from 56.9% in 2023
US average: 63.5%
Self-employed
14.7%
+3.3 ptssince 2023
from 11.4% in 2023
US average: 13.1%
Management & professional
35.3%
+2.9 ptssince 2023
from 32.5% in 2023
US average: 42.5%
Section 08

People & community

Male
60.9%
−1.9 ptssince 2023
from 62.8% in 2023
Female
39.1%
+1.9 ptssince 2023
from 37.2% in 2023
Foreign born
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.1%
Veterans
7.4%
−3.3 ptssince 2023
from 10.8% in 2023
US average: 6.2%
With a disability
9.5%
+6.8 ptssince 2023
from 2.7% in 2023
US average: 13.3%
Uninsured
0.7%
−1.2 ptssince 2023
from 1.9% in 2023
US average: 8.4%
Broadband at home
91.0%
−2.7 ptssince 2023
from 93.7% in 2023
US average: 91.0%
English only at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

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WALLOON LAKE VS
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WALLOON LAKE VS
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WALLOON LAKE VS
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Frequently asked

How many people live in Walloon Lake, Michigan?

Walloon Lake, Michigan has about 294 residents according to the 2024 American Community Survey.

What is the median household income in Walloon Lake, Michigan?

The typical household in Walloon Lake, Michigan earns about $87,303 a year. Half of households make more than that, and half make less.

Is Walloon Lake, Michigan expensive?

In Walloon Lake, Michigan, the median home is worth about $285,400.

How educated are people in Walloon Lake, Michigan?

About 52.2% of adults age 25 and over in Walloon Lake, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Walloon Lake, Michigan?

About 4.4% of people in Walloon Lake, 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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