Cedar, MI Profile: Facts & Data

The primary coordinate point for Cedar is located at latitude 44.8478 and longitude -85.7956 in Leelanau County. The formal boundaries for the Cedar Census Designated Place encompass a land area of 0.18 sq. miles and a water area of 0 sq. miles. Leelanau County is in the Eastern time zone (GMT -5). The elevation is 597 feet.

The Cedar Census Designated Place (GNIS ID: 2583727) 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.

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

POPULATION
Total Population	100 (100%)
Population in Households	100 (100.0%)
Population in Families	84 (84.0%)
Population in Group Quarters¹	0
Population Density	556
Diversity Index²	13


INCOME
Median Household Income	$64,643
Average Household Income	$89,126
% of Income for Mortgage⁴	0%
Per Capita Income	$34,712
Wealth Index⁵	107

HOUSING
Total HU (Housing Units)	52 (100%)
Owner Occupied HU	42 (80.8%)
Renter Occupied HU	5 ( 9.6%)
Vacant Housing Units	5 ( 9.6%)
Median Home Value	$212,500
Average Home Value	$272,619
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	47
Average Household Size	2.13
Family Households	34
Average Family Size	2

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.

Cedar, MI - Peer Comparisons by Rank and Percentile

The table below compares Cedar 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	0.71%	0.2%
Households	0.65%	0.42%
Families	2.65%	0.0%
Median Household Income		1.1%
Per Capita Income		2.16%
Owner Occupied HU		0.47%

Variable Description	Rank	Percentile
Total Population	# 684	1st
Population Density	# 497	28th
Median Household Income	# 137	80th
Housing Affordability Index	# 6	1st
Per Capita Income	# 132	81st
Diversity Index	# 490	29th

Cedar, MI Profile: Facts & Data

Cedar, Michigan - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cedar, MI - Peer Comparisons by Rank and Percentile

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