Vanderbilt, MI Profile: Facts & Data

The Village of Vanderbilt had a population of 493 as of July 1, 2023. Vanderbilt ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Vanderbilt is located at latitude 45.1428 and longitude -84.6603 in Otsego County. The formal boundaries for the Village of Vanderbilt encompass a land area of 1.13 sq. miles and a water area of 0 sq. miles. Otsego County is in the Eastern time zone (GMT -5).

The Village of Vanderbilt 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.

Vanderbilt, MI Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	493 (100%)
Population in Households	483 (98.0%)
Population in Families	395 (80.1%)
Population in Group Quarters¹	10 ( 2.0%)
Population Density	452
Diversity Index²	16


INCOME
Median Household Income	$55,714
Average Household Income	$76,651
% of Income for Mortgage⁴	17%
Per Capita Income	$30,349
Wealth Index⁵	62
Socioeconomic Status Index⁶	Moderate (47.0)

HOUSING
Total HU (Housing Units)	257 (100%)
Owner Occupied HU	149 (58.0%)
Renter Occupied HU	46 (17.9%)
Vacant Housing Units	62 (24.1%)
Median Home Value	$160,135
Average Home Value	$204,195
Housing Affordability Index³	140

HOUSEHOLDS
Total Households	195
Average Household Size	2.48
Family Households	142
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.

Vanderbilt, MI - Peer Comparisons by Rank and Percentile

The table below compares Vanderbilt to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 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	2020-2023	2023-2028
Population	-0.31%	-0.57%
Households	-0.16%	-0.31%
Families		-0.86%
Median Household Income		4.18%
Per Capita Income		3.07%
Owner Occupied HU		0.92%

Variable Description	Rank	Percentile
Total Population	# 546	27th
Population Density	# 543	27th
Median Household Income	# 441	41st
Housing Affordability Index	# 482	65th
Per Capita Income	# 476	36th
Diversity Index	# 627	16th

Vanderbilt, MI Profile: Facts & Data

Vanderbilt, Michigan - Basic Facts

Vanderbilt, MI Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Vanderbilt, MI - Peer Comparisons by Rank and Percentile

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Otsego County