Carp Lake, MI Profile: Facts & Data

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Carp Lake, Michigan - Basic Facts

The Carp Lake CDP(1) had a population of 397 as of July 1, 2023. Carp Lake ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Carp Lake is located at latitude 45.6972 and longitude -84.75 in Emmet County. The formal boundaries for the Carp Lake Census Designated Place encompass a land area of 2.06 sq. miles and a water area of 2.72 sq. miles.

While the primary coordinates for Carp Lake Census Designated Place are located in Emmet County, it should be noted that the formal boundaries for this community also extend into and Cheboygan County.

The Carp Lake Census Designated Place 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 Carp Lake Census Designated Place is located within Township of Carp Lake, a minor civil division (MCD) of Emmet County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Carp Lake 2023 Demographic Data
  2. Growth Rates for Carp Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Michigan Research Tools (Easy Tools & Current Data)
  3. Michigan Data Comparison Tool - 2023 Demographics
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Carp Lake, MI Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 397 (100%)
Population in Households 397 (100.0%)
Population in Families 294 (74.1%)
Population in Group Quarters1 0
Population Density 193
Diversity Index2 20
 
 

INCOME

Median Household Income $40,070
Average Household Income $64,562
% of Income for Mortgage4 29%
Per Capita Income $34,477
Wealth Index5 55
Socioeconomic Status Index6 Low (41.4)
 

HOUSING

Total HU (Housing Units) 493 (100%)
Owner Occupied HU 183 (37.1%)
Renter Occupied HU 29 ( 5.9%)
Vacant Housing Units 281 (57.0%)
Median Home Value $195,833
Average Home Value $243,033
Housing Affordability Index3 82
 

HOUSEHOLDS

Total Households 212
Average Household Size 1.87
Family Households 119
Average Family Size 2.00
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.
  6. 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

2020-2023 2023-2028
Population 3.41% -0.46%
Households -1.68% -0.28%
Families   -0.51%
Median Household Income   5.22%
Per Capita Income   4.50%
Owner Occupied HU   -1.12%

Carp Lake, MI - Peer Comparisons by Rank and Percentile

The table below compares Carp Lake 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 # 580 22nd
Population Density # 666 11th
Median Household Income # 698 6th
Housing Affordability Index # 55 7th
Per Capita Income # 321 57th
Diversity Index # 479 35th

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

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