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Otter 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
379
Population
$42,969
Median Income
$101,400
Home Value
53.9
Median Age

Demographics

Otter Lake has a population of 379 with a median age of 53.9. Here is the racial and ethnic breakdown of the population:

White
95.5%
Other
2.6%
Asian
1.6%
Demographic Value
Total Population379
Median Age53.9
White95.5%
Black or African American0.3%
Asian1.6%
Other / Two or More Races2.6%
Otter Lake, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.5%Other: 2.6%Other: 1.9%379PopulationWhiteWhite95.5%OtherOther2.6%OtherOther1.9%

Income & Economy

The median household income in Otter Lake is $42,969, which is 46.7% below the national median of $80,610. The per capita income is $29,308. The poverty rate is 14.9%.

$42,969
Median Household Income
$29,308
Per Capita Income
14.9%
Poverty Rate

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Education

In Otter Lake, 88.5% of residents age 25+ have a high school diploma or higher, and 6.1% hold a bachelor's degree or higher (2.9% with a graduate or professional degree).

HS Diploma+
88.5%
Bachelor's+
6.1%
Graduate+
2.9%
Education Level % of Adults (25+)
High School Diploma or Higher88.5%
Bachelor's Degree or Higher6.1%
Graduate or Professional Degree2.9%

Housing

The median home value in Otter Lake is $101,400, below the national median of $303,400. The median monthly rent is $1,292. The homeownership rate is 91.6%.

$101,400
Median Home Value
$1,292/mo
Median Rent
91.6%
Homeownership Rate
Housing Metric Value
Median Home Value$101,400
Median Monthly Rent$1,292
Homeownership Rate91.6%
Vacancy Rate40.3%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Otter Lake, Michigan?
The population of Otter Lake, Michigan is 379 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Otter Lake, Michigan?
The median household income in Otter Lake, Michigan is $42,969. This is 46.7% below the national median of $80,610.
What is the median home value in Otter Lake, Michigan?
The median home value in Otter Lake, Michigan is $101,400. The median monthly rent is $1,292.
What percentage of people in Otter Lake have a college degree?
In Otter Lake, Michigan, 6.1% of adults age 25 and older hold a bachelor's degree or higher, and 88.5% have a high school diploma or higher.
Is Otter Lake, Michigan an affordable place to live?
The home price-to-income ratio in Otter Lake, Michigan is 2.4x (median home value $101,400 vs. median income $42,969), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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