Belding, MI Profile: Facts & Data

The primary coordinate point for Belding is located at latitude 43.0978 and longitude -85.2289 in Ionia County. The formal boundaries for the City of Belding encompass a land area of 4.72 sq. miles and a water area of 0.18 sq. miles. Ionia County is in the Eastern time zone (GMT -5). The elevation is 778 feet.

The City of Belding (GNIS ID: 1625907) 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.

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

POPULATION
Total Population	6,000 (100%)
Population in Households	5,888 (98.1%)
Population in Families	4,725 (78.7%)
Population in Group Quarters¹	112 ( 1.9%)
Population Density	1,270
Diversity Index²	21


INCOME
Median Household Income	$39,909
Average Household Income	$50,918
% of Income for Mortgage⁴	10%
Per Capita Income	$19,116
Wealth Index⁵	37

HOUSING
Total HU (Housing Units)	2,578 (100%)
Owner Occupied HU	1,405 (54.5%)
Renter Occupied HU	845 (32.8%)
Vacant Housing Units	328 (12.7%)
Median Home Value	$92,434
Average Home Value	$102,651
Housing Affordability Index³	211

HOUSEHOLDS
Total Households	2,250
Average Household Size	2.62
Family Households	1,504
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.

Belding, MI - Peer Comparisons by Rank and Percentile

The table below compares Belding 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	0.4%	0.44%
Households	0.39%	0.43%
Families	0.2%	0.32%
Median Household Income		1.61%
Per Capita Income		1.7%
Owner Occupied HU		0.37%

Variable Description	Rank	Percentile
Total Population	# 158	77th
Population Density	# 262	62nd
Median Household Income	# 587	15th
Housing Affordability Index	# 327	47th
Per Capita Income	# 637	8th
Diversity Index	# 252	64th

Belding, MI Profile: Facts & Data

Belding, Michigan - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Belding, MI - Peer Comparisons by Rank and Percentile

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