Indian River, MI Profile: Facts & Data

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Indian River, Michigan - Basic Facts

The Indian River Census Designated Place had a population of 1,954 as of July 1, 2020. Indian River 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 Indian River is located at latitude 45.4125 and longitude -84.6125 in Cheboygan County. The formal boundaries for the Indian River Census Designated Place encompass a land area of 12.87 sq. miles and a water area of 7.36 sq. miles. Cheboygan County is in the Eastern time zone (GMT -5). The elevation is 614 feet.

The Indian River Census Designated Place (GNIS ID: 2393063) 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.

The Indian River Census Designated Place is located within Township of Tuscarora, a minor civil division (MCD) of Cheboygan County.


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Indian River, MI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,954 (100%)
Population in Households 1,954 (100.0%)
Population in Families 1,527 (78.1%)
Population in Group Quarters1 0
Population Density 152
Diversity Index2 12
 
 

INCOME

Median Household Income $57,126
Average Household Income $71,288
% of Income for Mortgage4 14%
Per Capita Income $33,128
Wealth Index5 90
 

HOUSING

Total HU (Housing Units) 1,774 (100%)
Owner Occupied HU 755 (42.6%)
Renter Occupied HU 165 ( 9.3%)
Vacant Housing Units 854 (48.1%)
Median Home Value $193,276
Average Home Value $263,081
Housing Affordability Index3 176
 

HOUSEHOLDS

Total Households 920
Average Household Size 2.12
Family Households 591
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.02% -0.1%
Households 0.07% -0.02%
Families 0.07% -0.17%
Median Household Income   0.85%
Per Capita Income   1.89%
Owner Occupied HU   -0.03%

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Indian River, MI - Peer Comparisons by Rank and Percentile

The table below compares Indian River to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 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 # 304 56th
Population Density # 643 7th
Median Household Income # 237 66th
Housing Affordability Index # 151 22nd
Per Capita Income # 166 76th
Diversity Index # 543 22nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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