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Lakeport, 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
742
Population
$54,236
Median Income
$206,400
Home Value
45.1
Median Age

Demographics

Lakeport has a population of 742 with a median age of 45.1. Here is the racial and ethnic breakdown of the population:

White
95.0%
Black
2.2%
Asian
1.8%
Other
0.6%
Demographic Value
Total Population742
Median Age45.1
White95.0%
Black or African American2.2%
Asian1.8%
Hispanic or Latino0.4%
Other / Two or More Races0.6%
Lakeport, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.0%Other: 2.8%Black: 2.2%742PopulationWhiteWhite95.0%OtherOther2.8%BlackBlack2.2%

Income & Economy

The median household income in Lakeport is $54,236, which is 32.7% below the national median of $80,610. The per capita income is $40,477. The poverty rate is 17.3%.

$54,236
Median Household Income
$40,477
Per Capita Income
17.3%
Poverty Rate

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Education

In Lakeport, 94.4% of residents age 25+ have a high school diploma or higher, and 41.4% hold a bachelor's degree or higher (22.2% with a graduate or professional degree).

HS Diploma+
94.4%
Bachelor's+
41.4%
Graduate+
22.2%
Education Level % of Adults (25+)
High School Diploma or Higher94.4%
Bachelor's Degree or Higher41.4%
Graduate or Professional Degree22.2%

Housing

The median home value in Lakeport is $206,400, below the national median of $303,400. The median monthly rent is $1,125. The homeownership rate is 84.9%.

$206,400
Median Home Value
$1,125/mo
Median Rent
84.9%
Homeownership Rate
Housing Metric Value
Median Home Value$206,400
Median Monthly Rent$1,125
Homeownership Rate84.9%
Vacancy Rate35.0%

Salaries in Michigan

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Lakeport, Michigan?
The population of Lakeport, Michigan is 742 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lakeport, Michigan?
The median household income in Lakeport, Michigan is $54,236. This is 32.7% below the national median of $80,610.
What is the median home value in Lakeport, Michigan?
The median home value in Lakeport, Michigan is $206,400. The median monthly rent is $1,125.
What percentage of people in Lakeport have a college degree?
In Lakeport, Michigan, 41.4% of adults age 25 and older hold a bachelor's degree or higher, and 94.4% have a high school diploma or higher.
Is Lakeport, Michigan an affordable place to live?
The home price-to-income ratio in Lakeport, Michigan is 3.8x (median home value $206,400 vs. median income $54,236), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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