Hillsdale, MI Profile: Facts & Data

The primary coordinate point for Hillsdale is located at latitude 41.92 and longitude -84.6305 in Hillsdale County. The formal boundaries for the City of Hillsdale encompass a land area of 5.68 sq. miles and a water area of 0.27 sq. miles. Hillsdale County is in the Eastern time zone (GMT -5). The elevation is 1,119 feet.

The City of Hillsdale (GNIS ID: 1626474) 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.

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

POPULATION
Total Population	8,304 (100%)
Population in Households	7,150 (86.1%)
Population in Families	5,219 (62.8%)
Population in Group Quarters¹	1,154 (13.9%)
Population Density	1,458
Diversity Index²	17


INCOME
Median Household Income	$41,206
Average Household Income	$60,660
% of Income for Mortgage⁴	9%
Per Capita Income	$22,148
Wealth Index⁵	50

HOUSING
Total HU (Housing Units)	3,461 (100%)
Owner Occupied HU	1,399 (40.4%)
Renter Occupied HU	1,585 (45.8%)
Vacant Housing Units	477 (13.8%)
Median Home Value	$89,752
Average Home Value	$126,304
Housing Affordability Index³	244

HOUSEHOLDS
Total Households	2,984
Average Household Size	2.4
Family Households	1,701
Average Family Size	3

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.

Hillsdale, MI - Peer Comparisons by Rank and Percentile

The table below compares Hillsdale 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.01%	0.1%
Households	0.05%	0.13%
Families	0.1%	0.02%
Median Household Income		2.05%
Per Capita Income		2.33%
Owner Occupied HU		0.17%

Variable Description	Rank	Percentile
Total Population	# 127	82nd
Population Density	# 219	68th
Median Household Income	# 549	21st
Housing Affordability Index	# 481	70th
Per Capita Income	# 553	20th
Diversity Index	# 365	48th

Hillsdale, MI Profile: Facts & Data

Hillsdale, Michigan - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hillsdale, MI - Peer Comparisons by Rank and Percentile

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