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Fairgrove, MI Profile: Facts & Data

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Fairgrove, Michigan - Basic Facts

The Village of Fairgrove had a population of 558 as of July 1, 2020. Fairgrove 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 Fairgrove is located at latitude 43.5236 and longitude -83.5433 in Tuscola County. The formal boundaries for the Village of Fairgrove encompass a land area of 1.12 sq. miles and a water area of 0 sq. miles. Tuscola County is in the Eastern time zone (GMT -5). The elevation is 659 feet.

The Village of Fairgrove (GNIS ID: 2398853) 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.

The Village of Fairgrove is located within Township of Fairgrove, a minor civil division (MCD) of Tuscola County.


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

POPULATION

Total Population 558 (100%)
Population in Households 553 (99.1%)
Population in Families 448 (80.3%)
Population in Group Quarters1 5 ( 0.9%)
Population Density 498
Diversity Index2 18
 
 

INCOME

Median Household Income $41,405
Average Household Income $56,316
% of Income for Mortgage4 8%
Per Capita Income $23,634
Wealth Index5 54
 

HOUSING

Total HU (Housing Units) 266 (100%)
Owner Occupied HU 180 (67.7%)
Renter Occupied HU 48 (18.0%)
Vacant Housing Units 38 (14.3%)
Median Home Value $78,659
Average Home Value $106,806
Housing Affordability Index3 281
 

HOUSEHOLDS

Total Households 228
Average Household Size 2.43
Family Households 151
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population -0.09% -0.18%
Households 0.13% -0.18%
Families -0.19% -0.13%
Median Household Income   0.9%
Per Capita Income   2.18%
Owner Occupied HU   -0.11%

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Fairgrove, MI - Peer Comparisons by Rank and Percentile

The table below compares Fairgrove 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.

Variable Description Rank Percentile
Total Population # 518 25th
Population Density # 519 25th
Median Household Income # 542 22nd
Housing Affordability Index # 591 85th
Per Capita Income # 469 32nd
Diversity Index # 319 54th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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