Canadian Lakes, MI Profile: Facts & Data

The Canadian Lakes CDP⁽¹⁾ had a population of 3,259 as of July 1, 2023. Canadian Lakes ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Canadian Lakes is located at latitude 43.5792 and longitude -85.3017 in Mecosta County. The formal boundaries for the Canadian Lakes Census Designated Place encompass a land area of 9.49 sq. miles and a water area of 1.17 sq. miles. Mecosta County is in the Eastern time zone (GMT -5).

The Canadian Lakes Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Canadian Lakes, MI Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	3,259 (100%)
Population in Households	3,259 (100.0%)
Population in Families	2,574 (79.0%)
Population in Group Quarters¹	0
Population Density	315
Diversity Index²	17


INCOME
Median Household Income	$59,475
Average Household Income	$79,507
% of Income for Mortgage⁴	22%
Per Capita Income	$37,521
Wealth Index⁵	80
Socioeconomic Status Index⁶	Moderate (56.9)

HOUSING
Total HU (Housing Units)	2,307 (100%)
Owner Occupied HU	1,422 (61.6%)
Renter Occupied HU	116 ( 5.0%)
Vacant Housing Units	769 (33.3%)
Median Home Value	$218,539
Average Home Value	$245,622
Housing Affordability Index³	107

HOUSEHOLDS
Total Households	1,538
Average Household Size	2.12
Family Households	985
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Canadian Lakes, MI - Peer Comparisons by Rank and Percentile

The table below compares Canadian Lakes to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	0.54%	0.04%
Households	0.67%	0.30%
Families		-0.02%
Median Household Income		2.85%
Per Capita Income		2.93%
Owner Occupied HU		0.39%

Variable Description	Rank	Percentile
Total Population	# 228	70th
Population Density	# 602	19th
Median Household Income	# 346	54th
Housing Affordability Index	# 180	24th
Per Capita Income	# 239	68th
Diversity Index	# 595	20th

Canadian Lakes, MI Profile: Facts & Data

Canadian Lakes, Michigan - Basic Facts

Canadian Lakes, MI Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Canadian Lakes, MI - Peer Comparisons by Rank and Percentile

Canadian Lakes, MI - Most Popular Things to Do

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Mecosta County