Fife Lake, MI Profile: Facts & Data

Advertisement

Fife Lake Local Links & Resources:
Resources | ALL Fife Lake Content
Planning to visit Fife Lake? See Local Hotels

Also See: Local Area Photos

Fife Lake, Michigan - Basic Facts

The Village of Fife Lake had a population of 484 as of July 1, 2020.

The primary coordinate point for Fife Lake is located at latitude 44.577 and longitude -85.3506 in Grand Traverse County. The formal boundaries for the Village of Fife Lake encompass a land area of 0.75 sq. miles and a water area of 0.45 sq. miles. Grand Traverse County is in the Eastern time zone (GMT -5). The elevation is 1,060 feet.

The Village of Fife Lake (GNIS ID: 2398875) 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 Fife Lake is located within Township of Fife Lake, a minor civil division (MCD) of Grand Traverse County.


Advertisement

Fife Lake, MI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 484 (100%)
Population in Households 484 (100.0%)
Population in Families 381 (78.7%)
Population in Group Quarters1 0
Population Density 666
Diversity Index2 13
 
 

INCOME

Median Household Income $61,001
Average Household Income $81,098
% of Income for Mortgage4 10%
Per Capita Income $33,269
Wealth Index5 82
 

HOUSING

Total HU (Housing Units) 286 (100%)
Owner Occupied HU 162 (56.6%)
Renter Occupied HU 45 (15.7%)
Vacant Housing Units 79 (27.6%)
Median Home Value $149,107
Average Home Value $184,202
Housing Affordability Index3 256
 

HOUSEHOLDS

Total Households 207
Average Household Size 2.34
Family Households 137
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 0.87% 0.89%
Households 0.89% 0.95%
Families 2.16% 0.72%
Median Household Income   1.55%
Per Capita Income   1.49%
Owner Occupied HU   0.97%

Advertisement

Fife Lake, MI - Peer Comparisons by Rank and Percentile

The table below compares Fife Lake 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 # 543 22nd
Population Density # 461 34th
Median Household Income # 175 75th
Housing Affordability Index # 519 75th
Per Capita Income # 162 77th
Diversity Index # 495 29th

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

Fife Lake, MI - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Michigan Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Michigan Census Data Comparison Tool

Compare Michigan July 1, 2020 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Michigan COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.


Advertisement