Petoskey

Population: 5,851
Median household income: $71,783
Median home value: $319,300

Petoskey, a community in Emmet County, Michigan, has 5,851 residents. Its median household income of $71,783 runs in line with the Emmet County figure of $73,724.

From 2019 to 2023, Petoskey's population grew 2.2% from 5,724 to 5,851, while its median home value rose 80.4% from $177,000 to $319,300.

The median gross rent is $872. 52.8% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 5,851
Median age: 42.9 yrs
Median household income: $71,783
Median home value: $319,300
Median gross rent: $872
Housing units: 3,202
Homeownership rate: 60.3%
Bachelor's degree or higher: 52.8%
Unemployment rate: 1.5%

Trends

ACS 5-year · 2019–2023

Population

5,7245,851

Median household income

$45,107$71,783

Median home value

$177,000$319,300

Median gross rent

$714$872

Year	Population	Median household income	Median home value	Median gross rent
2019	5,724	$45,107	$177,000	$714
2020	5,701	$58,197	$221,900	$728
2021	5,856	$60,054	$219,300	$833
2022	5,859	$69,784	$256,400	$894
2023	5,851	$71,783	$319,300	$872

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.4%

5 to 1716.0%

18 to 248.5%

25 to 3412.9%

35 to 4413.8%

45 to 5411.8%

55 to 6412.6%

65 to 7411.7%

75 and over10.3%

	Count	Share
Under 5	138	2.4%
5 to 17	939	16.0%
18 to 24	497	8.5%
25 to 34	756	12.9%
35 to 44	806	13.8%
45 to 54	692	11.8%
55 to 64	735	12.6%
65 to 74	686	11.7%
75 and over	602	10.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	5,071	86.7%
Black or African American	64	1.1%
American Indian & Alaska Native	64	1.1%
Asian	69	1.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	375	6.4%
Hispanic or Latino (any race)	208	3.6%

Educational attainment (age 25+)

No high school diploma2.9%

High school graduate16.9%

Some college or associate's27.4%

Bachelor's degree25.1%

Graduate or professional degree27.7%

	Count	Share
No high school diploma	125	2.9%
High school graduate	722	16.9%
Some college or associate's	1,173	27.4%
Bachelor's degree	1,072	25.1%
Graduate or professional degree	1,185	27.7%

Commute to work

Mean travel time to work: 16 min

Drove alone63.0%

Carpooled11.1%

Public transit0.5%

Walked12.4%

Bicycle2.9%

Worked from home9.4%

Other means0.8%

How workers get to work

	Count	Share
Drove alone	1,909	63.0%
Carpooled	336	11.1%
Public transit	16	0.5%
Walked	376	12.4%
Bicycle	87	2.9%
Worked from home	284	9.4%
Other means	24	0.8%

Travel time

	Count	Share
Under 15 min	1,585	57.7%
15 to 29 min	780	28.4%
30 to 44 min	181	6.6%
45 to 59 min	129	4.7%
60+ min	73	2.7%

Households

Average household size: 2.17
Poverty rate: 8.4% (469 of 5,598)

	Count	Share
Family households	1,423	55.4%
Nonfamily households	1,144	44.6%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	2,567	80.2%
Vacant	635	19.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,548	60.3%
Renter-occupied	1,019	39.7%

1-unit, detached54.7%

1-unit, attached4.0%

2 to 4 units14.5%

5 to 19 units22.3%

20 or more units4.6%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,750	54.7%
1-unit, attached	128	4.0%
2 to 4 units	463	14.5%
5 to 19 units	715	22.3%
20 or more units	146	4.6%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2663820
Type (LSAD): 25
Land area: 5.15 sq mi
Water area: 0.19 sq mi
Center point: 45.3648, -85.0107