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Indian River, 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
2,039
Population
$62,140
Median Income
$314,100
Home Value
62.7
Median Age

Demographics

Indian River has a population of 2,039 with a median age of 62.7. Here is the racial and ethnic breakdown of the population:

White
92.6%
Other
6.6%
Hispanic
0.8%
Demographic Value
Total Population2,039
Median Age62.7
White92.6%
Hispanic or Latino0.8%
Other / Two or More Races6.6%
Indian River, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 92.6%Other: 6.6%Other: 0.8%2,039PopulationWhiteWhite92.6%OtherOther6.6%OtherOther0.8%

Income & Economy

The median household income in Indian River is $62,140, which is 22.9% below the national median of $80,610. The per capita income is $57,274. The poverty rate is 10.6%.

$62,140
Median Household Income
$57,274
Per Capita Income
10.6%
Poverty Rate

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Education

In Indian River, 92.4% of residents age 25+ have a high school diploma or higher, and 46.5% hold a bachelor's degree or higher (21.2% with a graduate or professional degree).

HS Diploma+
92.4%
Bachelor's+
46.5%
Graduate+
21.2%
Education Level % of Adults (25+)
High School Diploma or Higher92.4%
Bachelor's Degree or Higher46.5%
Graduate or Professional Degree21.2%

Housing

The median home value in Indian River is $314,100, above the national median of $303,400. The homeownership rate is 83.5%.

$314,100
Median Home Value
83.5%
Homeownership Rate
Housing Metric Value
Median Home Value$314,100
Homeownership Rate83.5%
Vacancy Rate45.8%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Indian River, Michigan?
The population of Indian River, Michigan is 2,039 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Indian River, Michigan?
The median household income in Indian River, Michigan is $62,140. This is 22.9% below the national median of $80,610.
What is the median home value in Indian River, Michigan?
The median home value in Indian River, Michigan is $314,100.
What percentage of people in Indian River have a college degree?
In Indian River, Michigan, 46.5% of adults age 25 and older hold a bachelor's degree or higher, and 92.4% have a high school diploma or higher.
Is Indian River, Michigan an affordable place to live?
The home price-to-income ratio in Indian River, Michigan is 5.1x (median home value $314,100 vs. median income $62,140), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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