Eastlake village, MI Profile: Facts & Data

The Village of Eastlake had a population of 438 as of July 1, 2024. Eastlake village 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 Eastlake village is located at latitude 44.2449 and longitude -86.2927 in Manistee County. The formal boundaries for the Village of Eastlake encompass a land area of 1.16 sq. miles and a water area of 0.34 sq. miles.

The Village of Eastlake 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.

Eastlake village, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	438 (100%)
Population in Households	438 (100.0%)
Population in Families	314 (71.7%)
Population in Group Quarters¹	0
Population Density	366
Diversity Index²	24


INCOME
Median Household Income	$73,990
Average Household Income	$92,587
% of Income for Mortgage⁴	12%
Per Capita Income	$40,163
Wealth Index⁵	89
Socioeconomic Status Index⁶	Moderate (53.8)

HOUSING
Total HU (Housing Units)	226 (100%)
Owner Occupied HU	170 (75.2%)
Renter Occupied HU	20 ( 8.8%)
Vacant Housing Units	36 (15.9%)
Median Home Value	$142,553
Average Home Value	$181,765
Housing Affordability Index³	199

HOUSEHOLDS
Total Households	190
Average Household Size	2.31
Family Households	105
Average Family Size	3.00

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.
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.

Eastlake village, MI - Peer Comparisons by Rank and Percentile

The table below compares Eastlake village to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	1.28%	0.27%
Households	0.12%	-0.11%
Families		0.93%
Median Household Income		3.61%
Per Capita Income		3.25%
Owner Occupied HU		0.81%

Variable Description	Rank	Percentile
Total Population	# 564	25th
Population Density	# 584	22nd
Median Household Income	# 241	68th
Housing Affordability Index	# 706	95th
Per Capita Income	# 243	68th
Diversity Index	# 352	53rd

Eastlake village, MI Profile: Facts & Data

Eastlake village, Michigan - Basic Facts

Eastlake village, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Eastlake village, MI - Peer Comparisons by Rank and Percentile

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