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Bear Lake, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
343
Population
$67,188
Median Income
$201,500
Home Value
52.8
Median Age

Demographics

Bear Lake has a population of 343 with a median age of 52.8. Here is the racial and ethnic breakdown of the population:

White
94.2%
Other
4.3%
Hispanic
1.5%
Demographic Value
Total Population343
Median Age52.8
White94.2%
Hispanic or Latino1.5%
Other / Two or More Races4.3%
Bear Lake, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.2%Other: 4.3%Other: 1.5%343PopulationWhiteWhite94.2%OtherOther4.3%OtherOther1.5%

Income & Economy

The median household income in Bear Lake is $67,188, which is 16.7% below the national median of $80,610. The per capita income is $38,455. The poverty rate is 8.2%.

$67,188
Median Household Income
$38,455
Per Capita Income
8.2%
Poverty Rate

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Education

In Bear Lake, 93.7% of residents age 25+ have a high school diploma or higher, and 24.6% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).

HS Diploma+
93.7%
Bachelor's+
24.6%
Graduate+
9.5%
Education Level % of Adults (25+)
High School Diploma or Higher93.7%
Bachelor's Degree or Higher24.6%
Graduate or Professional Degree9.5%

Housing

The median home value in Bear Lake is $201,500, below the national median of $303,400. The homeownership rate is 96.9%.

$201,500
Median Home Value
96.9%
Homeownership Rate
Housing Metric Value
Median Home Value$201,500
Homeownership Rate96.9%
Vacancy Rate72.2%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Bear Lake, Michigan?
The population of Bear Lake, Michigan is 343 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Bear Lake, Michigan?
The median household income in Bear Lake, Michigan is $67,188. This is 16.7% below the national median of $80,610.
What is the median home value in Bear Lake, Michigan?
The median home value in Bear Lake, Michigan is $201,500.
What percentage of people in Bear Lake have a college degree?
In Bear Lake, Michigan, 24.6% of adults age 25 and older hold a bachelor's degree or higher, and 93.7% have a high school diploma or higher.
Is Bear Lake, Michigan an affordable place to live?
The home price-to-income ratio in Bear Lake, Michigan is 3.0x (median home value $201,500 vs. median income $67,188), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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