Boyne City, MI Profile: Facts & Data

Boyne City, Michigan - Basic Facts

The City of Boyne City had a population of 3,899 as of July 1, 2024.

The primary coordinate point for Boyne City is located at latitude 45.2167 and longitude -85.0139 in Charlevoix County. The formal boundaries for the City of Boyne City encompass a land area of 4.06 sq. miles and a water area of 1.36 sq. miles. Charlevoix County is in the Eastern time zone (GMT -5).

The City of Boyne City 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.

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Boyne City, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,899 (100%)
Population in Households	3,855 (98.9%)
Population in Families	2,880 (73.9%)
Population in Group Quarters¹	44 ( 1.1%)
Population Density	966
Diversity Index²	19


INCOME
Median Household Income	$64,611
Average Household Income	$90,135
% of Income for Mortgage⁴	26%
Per Capita Income	$40,631
Wealth Index⁵	84
Socioeconomic Status Index⁶	Moderate (56.5)

HOUSING
Total HU (Housing Units)	2,409 (100%)
Owner Occupied HU	1,312 (54.5%)
Renter Occupied HU	445 (18.5%)
Vacant Housing Units	652 (27.1%)
Median Home Value	$264,851
Average Home Value	$334,813
Housing Affordability Index³	95

HOUSEHOLDS
Total Households	1,757
Average Household Size	2.19
Family Households	1,046
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,409 (100%)

Owner Occupied HU

1,312 (54.5%)

Renter Occupied HU

445 (18.5%)

Vacant Housing Units

652 (27.1%)

Median Home Value

$264,851

Average Home Value

$334,813

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,757

Average Household Size

2.19

Family Households

1,046

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	0.51%	0.06%
Households	0.96%	0.73%
Families		0.51%
Median Household Income		3.06%
Per Capita Income		3.14%
Owner Occupied HU		1.49%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.51%

0.06%

Households

0.96%

0.73%

Families

0.51%

Median Household Income

3.06%

Per Capita Income

3.14%

Owner Occupied HU

1.49%

Boyne City, MI - Peer Comparisons by Rank and Percentile

The table below compares Boyne City 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	# 210	72nd
Population Density	# 337	55th
Median Household Income	# 341	54th
Housing Affordability Index	# 146	20th
Per Capita Income	# 231	69th
Diversity Index	# 520	30th

Variable Description

Rank

Percentile

Total Population

# 210

72nd

Population Density

# 337

55th

Median Household Income

# 341

54th

Housing Affordability Index

# 146

20th

Per Capita Income

# 231

69th

Diversity Index

# 520

30th

Michigan Census Data Comparison Tool

Boyne City, MI Profile: Facts & Data

Boyne City, Michigan - Basic Facts

Boyne City, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Boyne City, MI - Peer Comparisons by Rank and Percentile

Boyne City, MI - Most Popular Things to Do

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Charlevoix County