49945 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Houghton County
Centroid: Latitude 47.175, Longitude -88.411
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 49945 has segments in 2 Counties (Houghton, Keweenaw).

Businesses Addresses: 56
PO Box Addresses: 58
Residential Addresses: 1,601

Multi-Family Addresses: 74
Single Family Addresses: 1,527

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Lake Linden, MI 49945 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,575 (100%)
Population in Households	2,520 (97.9%)
Population in Families	1,990 (77.3%)
Population in Group Quarters¹	55 ( 2.1%)
Population Density	26
Diversity Index²	7


INCOME
Median Household Income	$51,423
Average Household Income	$71,058
% of Income for Mortgage⁴	10%
Per Capita Income	$32,016
Wealth Index⁵	91

HOUSING
Total HU (Housing Units)	2,079 (100%)
Owner Occupied HU	953 (45.8%)
Renter Occupied HU	206 ( 9.9%)
Vacant Housing Units	920 (44.3%)
Median Home Value	$123,819
Average Home Value	$162,198
Housing Affordability Index³	242

HOUSEHOLDS
Total Households	1,159
Average Household Size	2.17
Family Households	727
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.

Lake Linden, MI 49945 - Peer Comparisons by Rank and Percentile

The table below compares 49945 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	0.13%	-0.26%
Households	0.19%	-0.19%
Families	-0.01%	-0.3%
Median Household Income		1.76%
Per Capita Income		2.84%
Owner Occupied HU		-0.27%

Variable Description	Rank	Percentile
Total Population	# 638	35th
Population Density	# 816	16th
Median Household Income	# 580	41st
Housing Affordability Index	# 777	80th
Per Capita Income	# 307	69th
Diversity Index	# 938	4th

Lake Linden, MI 49945 ZIP Code Profile

ZIP Code 49945: Basic Data & USPS Preferred City Name

Lake Linden, MI 49945 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Linden, MI 49945 - Peer Comparisons by Rank and Percentile

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