Eaton Rapids, MI Profile: Facts & Data

Eaton Rapids, Michigan - Basic Facts

The City of Eaton Rapids had a population of 5,216 as of July 1, 2024.

The primary coordinate point for Eaton Rapids is located at latitude 42.5092 and longitude -84.6558 in Eaton County. The formal boundaries for the City of Eaton Rapids encompass a land area of 3.45 sq. miles and a water area of 0.12 sq. miles. Eaton County is in the Eastern time zone (GMT -5).

The City of Eaton Rapids 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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Eaton Rapids, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	5,216 (100%)
Population in Households	5,175 (99.2%)
Population in Families	4,051 (77.7%)
Population in Group Quarters¹	41 ( 0.8%)
Population Density	1,437
Diversity Index²	29


INCOME
Median Household Income	$55,952
Average Household Income	$72,461
% of Income for Mortgage⁴	21%
Per Capita Income	$30,866
Wealth Index⁵	49
Socioeconomic Status Index⁶	Moderate (50.0)

HOUSING
Total HU (Housing Units)	2,363 (100%)
Owner Occupied HU	1,520 (64.3%)
Renter Occupied HU	701 (29.7%)
Vacant Housing Units	142 ( 6.0%)
Median Home Value	$186,346
Average Home Value	$210,214
Housing Affordability Index³	109

HOUSEHOLDS
Total Households	2,221
Average Household Size	2.33
Family Households	1,318
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,363 (100%)

Owner Occupied HU

1,520 (64.3%)

Renter Occupied HU

701 (29.7%)

Vacant Housing Units

142 ( 6.0%)

Median Home Value

$186,346

Average Home Value

$210,214

Housing Affordability Index³

109

HOUSEHOLDS

Total Households

2,221

Average Household Size

2.33

Family Households

1,318

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	0.06%	-0.12%
Households	0.37%	0.20%
Families		0.11%
Median Household Income		2.43%
Per Capita Income		3.04%
Owner Occupied HU		0.52%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.06%

-0.12%

Households

0.37%

0.20%

Families

0.11%

Median Household Income

2.43%

Per Capita Income

3.04%

Owner Occupied HU

0.52%

Eaton Rapids, MI - Peer Comparisons by Rank and Percentile

The table below compares Eaton Rapids 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	# 175	77th
Population Density	# 227	70th
Median Household Income	# 515	31st
Housing Affordability Index	# 247	33rd
Per Capita Income	# 537	28th
Diversity Index	# 245	67th

Variable Description

Rank

Percentile

Total Population

# 175

77th

Population Density

# 227

70th

Median Household Income

# 515

31st

Housing Affordability Index

# 247

33rd

Per Capita Income

# 537

28th

Diversity Index

# 245

67th

Michigan Census Data Comparison Tool

Eaton Rapids, MI Profile: Facts & Data

Eaton Rapids, Michigan - Basic Facts

Eaton Rapids, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Eaton Rapids, MI - Peer Comparisons by Rank and Percentile

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