Paw Paw Lake, MI
Full City Profile · Michigan · Van Buren County County
Paw Paw Lake, MI
At a Glance
How Paw Paw Lake Compares to the U.S. Average
Each bar shows Paw Paw Lake's value as a percentage of the national average (100% = U.S. avg)
Is Paw Paw Lake a Good Place to Live?
Economy & Jobs
Paw Paw Lake residents earn a median household income of $65,360 , which is 13% below the national average of $75,149. Per capita income is $34,809. The unemployment rate stands at 5.7% (58% above the U.S. rate of 3.6%). 20.5% of residents live below the poverty line. The area is home to 1,643 business establishments, including 164 restaurants.
Housing & Cost of Living
The median home value in Paw Paw Lake is $191,100 , 32% below the national median of $281,900. Zillow estimates the typical home at $217,393. Median rent is $1,151/month, with 51.0% 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 1961.
Education
28.4% of adults in Paw Paw Lake hold a bachelor's degree or higher (16% below the national average). 90.9% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Paw Paw Lake has an average annual temperature of 50°F (10°C). Winters average 27°F in January while summers reach 72°F in July. Annual precipitation totals 35.0 inches.