Lakeport, MI Profile: Facts & Data

The primary coordinate point for Lakeport is located at latitude 43.115 and longitude -82.4902 in St. Clair County. St. Clair County is in the Eastern time zone (GMT -5).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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

POPULATION
Total Population	758 (100%)
Population in Households	758 (100.0%)
Population in Families	591 (78.0%)
Population in Group Quarters¹	0
Population Density	733
Diversity Index²	23


INCOME
Median Household Income	$76,202
Average Household Income	$106,523
% of Income for Mortgage⁴	23%
Per Capita Income	$47,359
Wealth Index⁵	118
Socioeconomic Status Index⁶	Moderate (57.7)

HOUSING
Total HU (Housing Units)	429 (100%)
Owner Occupied HU	290 (67.6%)
Renter Occupied HU	47 (11.0%)
Vacant Housing Units	92 (21.4%)
Median Home Value	$283,019
Average Home Value	$327,328
Housing Affordability Index³	103

HOUSEHOLDS
Total Households	337
Average Household Size	2.25
Family Households	222
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.

Lakeport, MI - Peer Comparisons by Rank and Percentile

The table below compares Lakeport 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	1.22%	0.75%
Households	1.45%	1.27%
Families		1.40%
Median Household Income		2.57%
Per Capita Income		3.10%
Owner Occupied HU		1.86%

Variable Description	Rank	Percentile
Total Population	# 486	35th
Population Density	# 424	43rd
Median Household Income	# 212	72nd
Housing Affordability Index	# 191	26th
Per Capita Income	# 138	82nd
Diversity Index	# 394	47th

Lakeport, MI Profile: Facts & Data

Lakeport, Michigan - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lakeport, MI - Peer Comparisons by Rank and Percentile

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