Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Petoskey, MI Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

5,856

Median Agei

Race & Ethnicityi

White

87%5,094

Two or More

7.3%430

Hispanic/Latino

2.9%167

Asian

1.5%89

Black

0.8%49

American Indian/Alaska Native

0.5%27

Educational Attainment (Age 25+)i

GED/Alternative

1.9%81

High School Diploma

13.9%588

Some College (<1 yr)

6.2%262

Some College (1+ yr)

13.7%578

Associate's Degree

7.8%328

Bachelor's Degree

27.9%1,182

Master's Degree

19.4%820

Professional Degree

4.3%183

Doctorate

1.8%76

HS or Higher

96.8%

BA or Higher

53.4%

Graduate+

25.5%

Housingi

Median Home Valuei

$364,100

Median Renti

$1,006

Tenure

Owner-Occupied

61.1%1,619

Renter-Occupied

38.9%1,029

Total Units

3,069

Homeownership

61.1%

Vacancy Rate

13.7%

Home Values

Under $50K

2.5%40

$50K–$100K

0.5%8

$100K–$150K

6.4%103

$150K–$200K

5.9%95

$200K–$300K

20.8%336

$300K–$500K

35.6%577

$500K–$1M

19.1%309

$1M+

9.3%151

Rent Distribution

Under $500

$500–$750

142

$750–$1,000

261

$1,000–$1,250

267

$1,250–$1,500

$1,500–$2,000

$2,000+

Year Built

2020 or later

0.7%23

2010–2019

3%91

2000–2009

7.1%217

1990–1999

16.2%498

1980–1989

10.9%333

1970–1979

12.5%383

1960–1969

3.8%116

1950–1959

10.1%310

1940–1949

5.8%177

1939 or earlier

30%921

Heating Fuel

Utility Gas

79.3%2,099

Electricity

15.9%421

Other

3.2%85

Bottled/LP Gas

1.6%43

Economyi

Median Household Incomei

$74,196

Mean Household Incomei

$122,884

Per Capita Incomei

$54,842

Poverty Ratei

8.6%

Unemploymenti

1.6%

Labor Forcei

3,148

Household Income Distribution

Under $10K

4.7%125

$10K–$15K

4.4%117

$15K–$20K

0.9%25

$20K–$25K

6.5%173

$25K–$30K

2%52

$30K–$35K

1.9%51

$35K–$40K

3.8%100

$40K–$45K

3.2%85

$45K–$50K

3.4%91

$50K–$60K

9.3%246

$60K–$75K

10.1%268

$75K–$100K

12.3%326

$100K–$125K

8.5%225

$125K–$150K

4.2%111

$150K–$200K

10.5%277

$200K+

14.2%376

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

140

Residentsi

157

Avg. Tenant Renti

$385/mo

Programs in this community

Housing Choice Vouchers13 homes88% occupied$302/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 8113 homes91% occupied$394/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $74,196/yr

Extremely low incomeUnder $22K/yr

74%

Very low income$22K–$37K/yr

23.3%

Low income$37K–$59K/yr

2.7%

Who Receives This Housing

74.9% of subsidized households are headed by a single mother

7.1% of subsidized households are minority

36% of subsidized households include someone with a disability

68.9% of subsidized households include a senior (62+)

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

1743%

By Region

Top Countries

Mexico

China

Korea

United Kingdom

Commute & Transportationi

Workersi

3,004

Avg. Commutei

14.6 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

3,097

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

267(5.6% of civilian adults)

Health Insurancei

94.5%Insured

5.5%Uninsured