Median Household Income
$74,196 ± $9,297
Median Home Value
$364,100 ± $26,616
Median Gross Rent
$1,006 ± $85/mo
Per Capita Income
$54,842
Poverty Rate
9.0%
Unemployment Rate
1.6%
Homeownership Rate
61.1%
Bachelor's Degree or Higher
53.4%
Median Age
41.0
Average Commute
13 min
Households
2,648
Veterans
267
Population Over Time
Petoskey grew 2.6% from 2014 to 2024.
2014
5,705
2016
5,731
2018
5,707
2020
5,701
2022
5,859
2024
5,856
Population by Race & Ethnicity
White
87.4%
Hispanic or Latino
2.9%
Black or African American
1.2%
Asian
1.5%
Nearby Cities in Michigan
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.