Last updated: 2024 BLS data · Page refreshed:
Petoskey has a population of 5,856 with a median age of 41.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 5,856 |
| Median Age | 41.0 |
| White | 87.4% |
| Black or African American | 1.2% |
| Asian | 1.5% |
| Hispanic or Latino | 2.9% |
| Other / Two or More Races | 7.0% |
The median household income in Petoskey is $74,196, which is 8.0% below the national median of $80,610. The per capita income is $54,842. The poverty rate is 9.0%.
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In Petoskey, 96.8% of residents age 25+ have a high school diploma or higher, and 53.4% hold a bachelor's degree or higher (25.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.8% |
| Bachelor's Degree or Higher | 53.4% |
| Graduate or Professional Degree | 25.5% |
The median home value in Petoskey is $364,100, above the national median of $303,400. The median monthly rent is $1,006. The homeownership rate is 61.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $364,100 |
| Median Monthly Rent | $1,006 |
| Homeownership Rate | 61.1% |
| Vacancy Rate | 13.7% |
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