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Canadian Lakes, 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
2,991
Population
$78,833
Median Income
$270,000
Home Value
63.0
Median Age

Demographics

Canadian Lakes has a population of 2,991 with a median age of 63.0. Here is the racial and ethnic breakdown of the population:

White
97.6%
Other
1.5%
Hispanic
0.7%
Demographic Value
Total Population2,991
Median Age63.0
White97.6%
Black or African American0.2%
Hispanic or Latino0.7%
Other / Two or More Races1.5%
Canadian Lakes, Michigan — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.6%Other: 2.4%2,991PopulationWhiteWhite97.6%OtherOther2.4%

Income & Economy

The median household income in Canadian Lakes is $78,833, which is 2.2% below the national median of $80,610. The per capita income is $42,579. The poverty rate is 12.3%.

$78,833
Median Household Income
$42,579
Per Capita Income
12.3%
Poverty Rate

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Education

In Canadian Lakes, 99.2% of residents age 25+ have a high school diploma or higher, and 37.6% hold a bachelor's degree or higher (14.5% with a graduate or professional degree).

HS Diploma+
99.2%
Bachelor's+
37.6%
Graduate+
14.5%
Education Level % of Adults (25+)
High School Diploma or Higher99.2%
Bachelor's Degree or Higher37.6%
Graduate or Professional Degree14.5%

Housing

The median home value in Canadian Lakes is $270,000, below the national median of $303,400. The median monthly rent is $789. The homeownership rate is 90.7%.

$270,000
Median Home Value
$789/mo
Median Rent
90.7%
Homeownership Rate
Housing Metric Value
Median Home Value$270,000
Median Monthly Rent$789
Homeownership Rate90.7%
Vacancy Rate29.9%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Canadian Lakes, Michigan?
The population of Canadian Lakes, Michigan is 2,991 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Canadian Lakes, Michigan?
The median household income in Canadian Lakes, Michigan is $78,833. This is 2.2% below the national median of $80,610.
What is the median home value in Canadian Lakes, Michigan?
The median home value in Canadian Lakes, Michigan is $270,000. The median monthly rent is $789.
What percentage of people in Canadian Lakes have a college degree?
In Canadian Lakes, Michigan, 37.6% of adults age 25 and older hold a bachelor's degree or higher, and 99.2% have a high school diploma or higher.
Is Canadian Lakes, Michigan an affordable place to live?
The home price-to-income ratio in Canadian Lakes, Michigan is 3.4x (median home value $270,000 vs. median income $78,833), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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