Also See Petoskey, MI: ZIP Codes & Maps
The City of Petoskey had a population of 5,562 as of July 1, 2023.
The primary coordinate point for Petoskey is located at latitude 45.3733 and longitude -84.9553 in Emmet County. The formal boundaries for the City of Petoskey encompass a land area of 5.11 sq. miles and a water area of 0.2 sq. miles. Emmet County is in the Eastern time zone (GMT -5).
The City of Petoskey has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 5,562 (100%) |
Population in Households | 5,264 (94.6%) |
Population in Families | 3,532 (63.5%) |
Population in Group Quarters1 | 298 ( 5.4%) |
Population Density | 1,081 |
Diversity Index2 | 25 |
INCOME | |
Median Household Income | $57,803 |
Average Household Income | $96,549 |
% of Income for Mortgage4 | 25% |
Per Capita Income | $46,432 |
Wealth Index5 | 69 |
Socioeconomic Status Index6 | Moderate (58.5) |
HOUSING | |
---|---|
Total HU (Housing Units) | 3,524 (100%) |
Owner Occupied HU | 1,450 (41.1%) |
Renter Occupied HU | 1,219 (34.6%) |
Vacant Housing Units | 855 (24.3%) |
Median Home Value | $240,467 |
Average Home Value | $319,879 |
Housing Affordability Index3 | 93 |
HOUSEHOLDS | |
Total Households | 2,669 |
Average Household Size | 1.97 |
Family Households | 1,282 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -1.68% | -0.42% |
Households | -1.19% | -0.12% |
Families | -0.38% | |
Median Household Income | 2.16% | |
Per Capita Income | 2.12% | |
Owner Occupied HU | 0.37% |
The table below compares Petoskey 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.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 166 | 78th |
Population Density | # 306 | 59th |
Median Household Income | # 376 | 50th |
Housing Affordability Index | # 89 | 12th |
Per Capita Income | # 113 | 85th |
Diversity Index | # 329 | 56th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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