Petoskey, MI
Full City Profile · Michigan · Antrim County County
Petoskey, MI
At a Glance
How Petoskey Compares to the U.S. Average
Each bar shows Petoskey's value as a percentage of the national average (100% = U.S. avg)
Is Petoskey a Good Place to Live?
Economy & Jobs
Petoskey residents earn a median household income of $71,783 , which is 4% below the national average of $75,149. Per capita income is $48,658. The unemployment rate stands at 1.5% (58% below the U.S. rate of 3.6%). 5.2% of residents live below the poverty line. The area is home to 599 business establishments, including 60 restaurants.
Housing & Cost of Living
The median home value in Petoskey is $319,300 , 13% above the national median of $281,900. Zillow estimates the typical home at $474,540. Median rent is $872/month, with 25.8% 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 1972.
Safety & Crime
Petoskey reports 120 violent crimes per 100,000 residents , which is 68% below the national average of 380/100K. Property crime is 565/100K.
Education
52.8% of adults in Petoskey hold a bachelor's degree or higher (57% above the national average). 97.1% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Petoskey has an average annual temperature of 44°F (7°C). Winters average 21°F in January while summers reach 67°F in July. Annual precipitation totals 34.2 inches.