At a Glance
Median Income
$60,750
$47,330 per capita
Home Value
$218,000
Zillow: $319,765
Median Rent
$844/mo
49.7% of income on rent
Bachelor's Degree+
40.8%
84.8% high school+
Unemployment
3.8%
17.2% poverty rate
Obesity Rate
40.7%
17.4% smoking rate
How Indian River Compares to the U.S. Average
Each bar shows Indian River's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Indian River a Good Place to Live?
A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Indian River residents earn a median household income of $60,750 , which is 19% below the national average of $75,149.
Per capita income is $47,330. The unemployment rate stands at 3.8% (6% above the U.S. rate of 3.6%). 17.2% of residents live below the poverty line. The area is home to 825 business establishments, including 130 restaurants.
Housing & Cost of Living
The median home value in Indian River is $218,000 , 23% below the national median of $281,900.
Zillow estimates the typical home at $319,765. Median rent is $844/month, with 49.7% 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 1983.
Education
40.8% of adults in Indian River hold a bachelor's degree or higher
(21% above the national average).
84.8% have completed high school. Local schools score 5.1/10 in standardized testing.
Climate & Weather
Indian River has an average annual temperature of 43°F (6°C).
Winters average 18°F in January while summers reach 66°F in July. Annual precipitation totals 30.0 inches.
Data Overview
People
Population2,210
Median Age59.0 yrs
Density171/mi²
Male / Female49% / 51%
Foreign Born2.8%
Veterans6.8%
Economy
B
Median Income$60,750
Per Capita$47,330
Unemployment3.8%
Poverty17.2%
County GDP$912M
Avg Weekly Wage$921
Housing
A+
Home Value$218,000
Rent$844
Ownership80.5%
Zillow$319,765
Housing Units1,894
Rent Burden49.7%
Health
Obesity40.7%
Diabetes10.1%
Smoking17.4%
Heart Disease6.1%
Premature Death10,234/100K
Climate
Avg Temp43°F
Rain30.0 in/yr
Elevation737 ft
Education
A
Bachelor's+40.8%
High School+84.8%
Graduate+21.1%
School Score5.1/10
Community
2024 VoteR 65% / D 34%
Commute28 min
Broadband89.3%
Internet Speed151 Mbps
EV Stations3
Libraries4
Did You Know?
The median home in Indian River was built in 1983.
The nearest airport is Pellston Regional/Emmet County (13 miles).
The Gini coefficient (income inequality) is 0.429 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
29.8% of the population has a disability.
Average internet download speed is 151 Mbps.
There are 130 restaurants in the area.
The county recorded 8 fatal vehicle crashes.