Central Lake, MI Profile: Facts & Data

Central Lake, Michigan - Basic Facts

The Village of Central Lake had a population of 924 as of July 1, 2024.

The primary coordinate point for Central Lake is located at latitude 45.07 and longitude -85.2645 in Antrim County. The formal boundaries for the Village of Central Lake encompass a land area of 1.07 sq. miles and a water area of 0.18 sq. miles. Antrim County is in the Eastern time zone (GMT -5).

The Village of Central Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Central Lake is located within Township of Central Lake, a minor civil division (MCD) of Antrim County.

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Central Lake, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	924 (100%)
Population in Households	924 (100.0%)
Population in Families	722 (78.1%)
Population in Group Quarters¹	0
Population Density	832
Diversity Index²	21


INCOME
Median Household Income	$60,321
Average Household Income	$83,169
% of Income for Mortgage⁴	21%
Per Capita Income	$39,424
Wealth Index⁵	83
Socioeconomic Status Index⁶	Moderate (52.5)

HOUSING
Total HU (Housing Units)	562 (100%)
Owner Occupied HU	350 (62.3%)
Renter Occupied HU	88 (15.7%)
Vacant Housing Units	124 (22.1%)
Median Home Value	$204,839
Average Home Value	$268,000
Housing Affordability Index³	115

HOUSEHOLDS
Total Households	438
Average Household Size	2.11
Family Households	272
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

562 (100%)

Owner Occupied HU

350 (62.3%)

Renter Occupied HU

88 (15.7%)

Vacant Housing Units

124 (22.1%)

Median Home Value

$204,839

Average Home Value

$268,000

Housing Affordability Index³

115

HOUSEHOLDS

Total Households

438

Average Household Size

2.11

Family Households

272

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.90%	-0.02%
Households	1.16%	0.72%
Families		-0.37%
Median Household Income		2.77%
Per Capita Income		3.58%
Owner Occupied HU		1.34%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.90%

-0.02%

Households

1.16%

0.72%

Families

-0.37%

Median Household Income

2.77%

Per Capita Income

3.58%

Owner Occupied HU

1.34%

Central Lake, MI - Peer Comparisons by Rank and Percentile

The table below compares Central Lake to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 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	# 442	41st
Population Density	# 391	48th
Median Household Income	# 424	43rd
Housing Affordability Index	# 286	38th
Per Capita Income	# 256	66th
Diversity Index	# 457	39th

Variable Description

Rank

Percentile

Total Population

# 442

41st

Population Density

# 391

48th

Median Household Income

# 424

43rd

Housing Affordability Index

# 286

38th

Per Capita Income

# 256

66th

Diversity Index

# 457

39th

Michigan Census Data Comparison Tool

Central Lake, MI Profile: Facts & Data

Central Lake, Michigan - Basic Facts

Central Lake, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Central Lake, MI - Peer Comparisons by Rank and Percentile

Central Lake, MI - Most Popular Things to Do

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Antrim County