Lake Ann, MI

Full City Profile · Michigan · Grand Traverse County County

4.2 /5.0
A Great
235 Population 522/sq mi density
$87,500 Median Income $49,832 per capita
$329,400 Home Value $411,858 Zillow
$1,219 Median Rent 29.4% income on rent
47°F Avg Temperature
A
Overall
4.2 / 5.0
Strong
A
Economy
4.0 / 5.0
$87,500 median income, 6.9% unemployment
A+
Affordability
4.6 / 5.0
$329,400 home value, $1,219/mo rent
B+
Education
3.9 / 5.0
36.1% bachelor's degree or higher

Lake Ann, MI

At a Glance

Median Income
$87,500
16% above
$49,832 per capita
Home Value
$329,400
17% above
Zillow: $411,858
Median Rent
$1,219/mo
5% above
29.4% of income on rent
Bachelor's Degree+
36.1%
7% above
96.7% high school+
Unemployment
6.9%
92% above
0.0% poverty rate
Obesity Rate
34.5%
7% above
12.8% smoking rate
Avg Temperature
47°F

How Lake Ann Compares to the U.S. Average

Each bar shows Lake Ann's value as a percentage of the national average (100% = U.S. avg)

Income
116%
Home Value
117%
Rent
105%
Poverty
0%
Bachelor's
107%
Unemployment
192%
Thin vertical line = U.S. national average (100%)

Is Lake Ann a Good Place to Live?

A
4.2 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Lake Ann residents earn a median household income of $87,500 , which is 16% above the national average of $75,149. Per capita income is $49,832. The unemployment rate stands at 6.9% (92% above the U.S. rate of 3.6%). 0.0% 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 Lake Ann is $329,400 , 17% above the national median of $281,900. Zillow estimates the typical home at $411,858. Median rent is $1,219/month, with 29.4% 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 1976.

Education

36.1% of adults in Lake Ann hold a bachelor's degree or higher (7% above the national average). 96.7% have completed high school. Local schools score 5.8/10 in standardized testing.

Climate & Weather

Lake Ann has an average annual temperature of 47°F (8°C). Winters average 23°F in January while summers reach 70°F in July. Annual precipitation totals 29.1 inches.

Data Overview

People

Population235
Median Age45.4 yrs
Density522/mi²
Male / Female49% / 51%
Foreign Born9.4%
Veterans7.5%

Economy

A
Median Income$87,500
Per Capita$49,832
Unemployment6.9%
Poverty0.0%
County GDP$7,470M
Avg Weekly Wage$1,140

Housing

A+
Home Value$329,400
Rent$1,219
Ownership78.4%
Zillow$411,858
Housing Units200
Rent Burden29.4%

Health

Obesity34.5%
Diabetes8.4%
Smoking12.8%
Heart Disease5.1%
Premature Death6,589/100K

Climate

Avg Temp47°F
Rain29.1 in/yr
Elevation816 ft

Education

B+
Bachelor's+36.1%
High School+96.7%
Graduate+10.2%
School Score5.8/10

Community

2024 VoteR 50% / D 48%
Commute22 min
Broadband92.2%
Internet Speed152 Mbps
EV Stations5
Libraries6

Did You Know?

The median home in Lake Ann was built in 1976.
The nearest airport is Gaylord Regional (59 miles).
The Gini coefficient (income inequality) is 0.437 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
15.7% of the population has a disability.
Average internet download speed is 152 Mbps.
There are 290 restaurants in the area.
The county recorded 14 fatal vehicle crashes.