Population 14,526 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Petoskey
Household size in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 2.30 | 2.58 | 2.68 |
| 2010–14 | 2.36 | 2.58 | 2.73 |
| 2015–19 | 2.21 | 2.53 | 2.71 |
| 2020–24 | 2.30 | 2.51 | 2.65 |
| Change | −0.00 | −0.06 | −0.03 |
Petoskey is a place of small households, averaging 2.30 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Households are largest in the southeast and smallest in the north. Petoskey has smaller households than at least four in five Michigan cities.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 40.3 | 38.9 | 37.7 |
| 2010–14 | 42.0 | 40.1 | 38.6 |
| 2015–19 | 44.0 | 41.0 | 39.6 |
| 2020–24 | 43.1 | 41.3 | 40.1 |
| Change | +2.8 | +2.4 | +2.3 |
The median resident of Petoskey is 43.1 years old, older than the national median of 40.1. The median age has climbed from 40.3 in 2006–10, as it has nationally. The youngest areas are in the center, the oldest in the south.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 9.6% | 11.3% | 12.3% |
| 2010–14 | 8.6% | 11.5% | 12.3% |
| 2015–19 | 9.2% | 10.9% | 11.6% |
| 2020–24 | 7.0% | 10.7% | 11.6% |
| Change | −2.6 pts | −0.6 pts | −0.6 pts |
Single-parent households are relatively rare in Petoskey: 7.0% of households, against 11.6% nationally. The single-parent share is down 2.6 points from 2006–10, a much bigger shift than nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Petoskey
Renters in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 35.6% | 25.8% | 33.3% |
| 2010–14 | 34.2% | 28.5% | 35.6% |
| 2015–19 | 38.5% | 28.8% | 36.0% |
| 2020–24 | 32.9% | 26.8% | 34.8% |
| Change | −2.6 pts | +1.0 pts | +1.5 pts |
Renting in Petoskey is about as common as it is nationally: 32.9% of households rent, against 34.8%. Renters make up a bigger share here than in Michigan overall (26.8%). Nearly half of owners (48.2%) have paid off their mortgages, above the national share of 39.8%. Since 2006–10, the renter share has fallen 2.6 points, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 22.3% | 13.0% | 11.4% |
| 2010–14 | 22.4% | 13.0% | 11.4% |
| 2015–19 | 20.9% | 11.9% | 11.1% |
| 2020–24 | 20.2% | 10.2% | 9.6% |
| Change | −2.1 pts | −2.8 pts | −1.8 pts |
Vacancy is high in Petoskey: 20.2% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Vacancy has fallen 2.1 points since 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 1975 | 1969 | 1974 |
| 2010–14 | 1973 | 1970 | 1975 |
| 2015–19 | 1979 | 1971 | 1977 |
| 2020–24 | 1978 | 1972 | 1980 |
| Change | +3 | +3 | +6 |
Homes in Petoskey are about the same age as the nation's housing: the median home was built in 1978, versus 1980 nationally. Homes here are newer than in Michigan as a whole, where the median home dates to 1972. The median year built has moved up from 1975 in 2006–10, a sign of steady new building. The newest homes are mostly in the southwest, the oldest in the north.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | $723 | $833 | $965 |
| 2010–14 | $802 | $886 | $1,040 |
| 2015–19 | $820 | $978 | $1,213 |
| 2020–24 | $1,158 | $1,228 | $1,571 |
| Change | +$435 | +$395 | +$606 |
A typical rental in Petoskey costs $1,158 a month with utilities, well below the national median of $1,571. Rent has climbed $435 a month since 2006–10, up 60%, roughly in step with the nation. The typical renter here spends 24.3% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Rents run highest in the center and lowest in the southeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Petoskey
Bachelor's degrees in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 32.6% | 26.1% | 28.4% |
| 2010–14 | 37.4% | 27.1% | 29.6% |
| 2015–19 | 38.0% | 29.5% | 32.1% |
| 2020–24 | 47.7% | 32.7% | 35.6% |
| Change | +15.1 pts | +6.6 pts | +7.2 pts |
Petoskey is highly educated: nearly half of adults 25 and older (47.7%) hold at least a bachelor's degree, far above the national share of 35.6%. Since 2006–10, the share with a degree has risen 15.1 points, as it has nationally. College graduates are most concentrated in the north and least in the south.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 93.8% | 88.3% | 84.9% |
| 2010–14 | 95.4% | 89.3% | 86.1% |
| 2015–19 | 95.2% | 90.7% | 87.7% |
| 2020–24 | 97.2% | 91.8% | 89.3% |
| Change | +3.4 pts | +3.5 pts | +4.3 pts |
Finishing high school is nearly universal in Petoskey: 97.2% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma is up 3.4 points from 2006–10, in line with the national trend. Petoskey has a higher share of high school graduates than the great majority of Michigan cities.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Petoskey
| Period | Petoskey | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 8.3% | 11.5% | 8.1% |
| 2010–14 | 6.5% | 11.7% | 9.4% |
| 2015–19 | 3.2% | 6.1% | 5.6% |
| 2020–24 | 2.2% | 5.9% | 5.4% |
| Change | −6.1 pts | −5.7 pts | −2.7 pts |
Unemployment in Petoskey has been low: just 2.2% of the labor force was out of work and looking, well below the national rate of 5.4%. Only 20 of the 331 Michigan cities with 5,000+ people have lower unemployment. Since 2006–10, unemployment has fallen 6.1 points, in line with the national trend.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Petoskey compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Petoskey | 2.30 | 43.1 | 7.0% | 32.9% | 20.2% | 1978 | $1,158 | 47.7% | 97.2% | 2.2% |
| Clarion | 2.64 | 43.9 | 8.0% | 8.7% | 20.6% | 1984 | $873 | 41.7% | 98.0% | 0.9% |
| Conway | 2.12 | 48.5 | 8.6% | 25.1% | 27.2% | 1989 | $1,285 | 34.8% | 97.4% | 2.8% |
| Zenith Heights | 2.30 | 49.3 | 5.1% | 8.4% | 30.0% | 1989 | $905 | 44.7% | 96.5% | 3.4% |
| Wildwood | 2.46 | 41.5 | 7.4% | 12.1% | 13.7% | 1983 | $1,085 | 29.2% | 95.7% | 1.8% |
| Walloon Lake | 2.28 | 44.9 | 8.9% | 8.0% | 34.6% | 1979 | $965 | 33.8% | 95.8% | 1.4% |
| Epsilon | 2.72 | 43.1 | 6.0% | 3.2% | 10.5% | 1995 | $1,305 | 37.3% | 95.8% | 4.7% |
| Bay Shore | 2.29 | 48.3 | 6.4% | 21.0% | 28.8% | 1990 | $969 | 45.0% | 92.3% | 2.2% |
| Harbor Springs | 2.15 | 54.7 | 4.9% | 14.3% | 37.0% | 1981 | $910 | 47.9% | 97.3% | 3.3% |
| Oden | 2.54 | 40.3 | 9.3% | 16.4% | 9.6% | 1986 | $841 | 31.5% | 93.7% | 2.5% |
| Alanson | 2.22 | 42.5 | 6.2% | 17.4% | 21.8% | 1987 | $1,083 | 28.6% | 94.9% | 3.2% |
All figures 2020–24.
Cities with similar populations: La Grande, OR · Shawano, WI · Sharonville, OH · Seven Oaks, SC · Seven Corners, VA · Setauket-East Setauket, NY · Richlands, NC · Mason, MI · Levelland, TX · Lake Villa, IL
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Petoskey. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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