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Elk Rapids, MI
Full City Profile · Michigan · Grand Traverse County County
Elk Rapids, MI
At a Glance
How Elk Rapids Compares to the U.S. Average
Each bar shows Elk Rapids's value as a percentage of the national average (100% = U.S. avg)
Is Elk Rapids a Good Place to Live?
Economy & Jobs
Elk Rapids residents earn a median household income of $78,472 , which is 4% above the national average of $75,149. Per capita income is $47,905. The unemployment rate stands at 0.5% (86% below the U.S. rate of 3.6%). 2.4% of residents live below the poverty line. The area is home to 3,762 business establishments, including 290 restaurants.
Housing & Cost of Living
The median home value in Elk Rapids is $348,400 , 24% above the national median of $281,900. Zillow estimates the typical home at $485,646. Median rent is $1,032/month, with 19.2% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1966.
Safety & Crime
Elk Rapids reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 0/100K. The murder rate is 0.0/100K.
Education
46.8% of adults in Elk Rapids hold a bachelor's degree or higher (39% above the national average). 98.1% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Elk Rapids has an average annual temperature of 43°F (6°C). Winters average 18°F in January while summers reach 67°F in July. The area gets 270 sunny days per year. Annual precipitation totals 33.7 inches. Air quality is rated Good with a median AQI of 38.