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Walloon Lake, MI
Full City Profile · Michigan · Emmet County County
Walloon Lake, MI
At a Glance
How Walloon Lake Compares to the U.S. Average
Each bar shows Walloon Lake's value as a percentage of the national average (100% = U.S. avg)
Is Walloon Lake a Good Place to Live?
Economy & Jobs
Walloon Lake residents earn a median household income of $84,250 , which is 12% above the national average of $75,149. Per capita income is $68,260. The unemployment rate stands at 1.0% (72% below the U.S. rate of 3.6%). 4.3% of residents live below the poverty line. The area is home to 1,558 business establishments, including 145 restaurants.
Housing & Cost of Living
The median home value in Walloon Lake is $260,000 , 8% below the national median of $281,900. Zillow estimates the typical home at $392,643. The cost of living index is 96.2 (100 = national average). The median home was built in 1975.
Safety & Crime
Walloon Lake reports 106 violent crimes per 100,000 residents , which is 72% below the national average of 380/100K. Property crime is 1,273/100K.
Education
46.5% of adults in Walloon Lake hold a bachelor's degree or higher (38% above the national average). 100.0% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Walloon Lake has an average annual temperature of 44°F (6°C). Winters average 19°F in January while summers reach 67°F in July. The area gets 270 sunny days per year. Annual precipitation totals 36.6 inches. Air quality is rated Good with a median AQI of 38.