49770 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Emmet County
Centroid: Latitude 45.357, Longitude -84.93
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 49770 has segments in 3 Counties (Charlevoix, Cheboygan, Emmet).

Businesses Addresses: 1,272
PO Box Addresses: 436
Residential Addresses: 8,653

Multi-Family Addresses: 1,071
Single Family Addresses: 7,582

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Petoskey, MI 49770 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	17,189 (100%)
Population in Households	16,842 (98.0%)
Population in Families	13,113 (76.3%)
Population in Group Quarters¹	347 ( 2.0%)
Population Density	158
Diversity Index²	18


INCOME
Median Household Income	$59,478
Average Household Income	$82,670
% of Income for Mortgage⁴	14%
Per Capita Income	$34,582
Wealth Index⁵	87

HOUSING
Total HU (Housing Units)	10,047 (100%)
Owner Occupied HU	4,521 (45.0%)
Renter Occupied HU	2,662 (26.5%)
Vacant Housing Units	2,864 (28.5%)
Median Home Value	$203,975
Average Home Value	$302,306
Housing Affordability Index³	159

HOUSEHOLDS
Total Households	7,183
Average Household Size	2.34
Family Households	4,511
Average Family Size	3

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.

Petoskey, MI 49770 - Peer Comparisons by Rank and Percentile

The table below compares 49770 to the other 976 ZIP Codes 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	0.14%	0.03%
Households	0.25%	0.12%
Families	0.06%	-0.01%
Median Household Income		1.34%
Per Capita Income		1.96%
Owner Occupied HU		0.16%

Variable Description	Rank	Percentile
Total Population	# 232	76th
Population Density	# 411	58th
Median Household Income	# 333	66th
Housing Affordability Index	# 138	14th
Per Capita Income	# 215	78th
Diversity Index	# 436	55th

Petoskey, MI 49770 ZIP Code Profile

ZIP Code 49770: Basic Data & USPS Preferred City Name

Petoskey, MI 49770 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Petoskey, MI 49770 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 49770

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