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Petoskey, MI
Full City Profile · Michigan · Antrim County County
3.6
/5.0
B+
Good
5,851
Population
1,136/sq mi density
$71,783
Median Income
$48,658 per capita
$319,300
Home Value
$462,131 Zillow
$872
Median Rent
25.8% income on rent
46°F
Avg Temperature
270 sunny days/yr
35
Violent Crime/100K
522 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$71,783 median income, 1.0% unemployment
A
Affordability
4.2 / 5.0
$319,300 home value, $872/mo rent
F
Safety
1.0 / 5.0
35 violent crimes/100K
A+
Education
5.0 / 5.0
52.8% bachelor's degree or higher
Income Overview
Median Household Income
$71,783
4% below
US avg: $75,149
Per Capita Income
$48,658
25% above
US avg: $39,052
Unemployment Rate
1.0%
72% below
US avg: 3.6%
Poverty Rate
5.2%
58% below
US avg: 12.4%
Income Comparison: Petoskey vs. U.S. Average
Each bar shows Petoskey’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$71,783
96%
Per Capita
US: $39,052
$48,658
125%
IRS Avg AGI
US: $72,000
$79,571
111%
Avg Weekly Wage
US: $1,432
$826
58%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$826
42% below US avg ($1,432)
Mean Commute Time
16 min
42% below US avg (28 min)
Work From Home
9.4%
38% below US avg (15.2%)
Drive Alone
63.0%
14% below US avg (73.2%)
Public Transit
0.5%
89% below US avg (5.0%)
County GDP
$855M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
63%
Public Transit
0.5%
Work From Home
9.4%
Other
27.1%
Average commute time
16 minutes
US avg: 28 min
Business Landscape
Total Establishments
599
Restaurants
60
Healthcare
51
Retail
98
Manufacturing
41
Tax & Financial
IRS Avg Adjusted Gross Income
$79,571
11% above US avg ($72,000)
Avg Property Tax
$8,941
155% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $71,783 |
| Per Capita Income | $48,658 |
| IRS Avg Adjusted Gross Income | $79,571 |
| Avg Weekly Wage | $826 |
| County GDP | $855M |
Hardship Indicators
| Unemployment Rate | 1.0% |
| Poverty Rate | 5.2% |
| Gini Coefficient | 0.428 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 16 minutes |
| Drive Alone | 63.0% |
| Public Transit | 0.5% |
| Work From Home | 9.4% |
Businesses
| Total Establishments | 599 |
| Restaurants | 60 |
| Healthcare | 51 |
| Retail | 98 |
| Manufacturing | 41 |
Tax
| IRS Avg AGI | $79,571 |
| Avg Property Tax | $8,941 |