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Walloon 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
294
Population
$87,303
Median Income
$285,400
Home Value
50.7
Median Age

Demographics

Walloon Lake has a population of 294 with a median age of 50.7. Here is the racial and ethnic breakdown of the population:

White
98.0%
Hispanic
1.4%
Other
0.6%
Demographic Value
Total Population294
Median Age50.7
White98.0%
Hispanic or Latino1.4%
Other / Two or More Races0.6%
Walloon Lake, Michigan — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 98.0%Other: 2.0%294PopulationWhiteWhite98.0%OtherOther2.0%

Income & Economy

The median household income in Walloon Lake is $87,303, which is 8.3% above the national median of $80,610. The per capita income is $84,905. The poverty rate is 4.4%.

$87,303
Median Household Income
$84,905
Per Capita Income
4.4%
Poverty Rate

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Education

In Walloon Lake, 100.0% of residents age 25+ have a high school diploma or higher, and 52.2% hold a bachelor's degree or higher (23.7% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
52.2%
Graduate+
23.7%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher52.2%
Graduate or Professional Degree23.7%

Housing

The median home value in Walloon Lake is $285,400, below the national median of $303,400. The homeownership rate is 82.7%.

$285,400
Median Home Value
82.7%
Homeownership Rate
Housing Metric Value
Median Home Value$285,400
Homeownership Rate82.7%
Vacancy Rate45.7%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Walloon Lake, Michigan?
The population of Walloon Lake, Michigan is 294 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Walloon Lake, Michigan?
The median household income in Walloon Lake, Michigan is $87,303. This is 8.3% above the national median of $80,610.
What is the median home value in Walloon Lake, Michigan?
The median home value in Walloon Lake, Michigan is $285,400.
What percentage of people in Walloon Lake have a college degree?
In Walloon Lake, Michigan, 52.2% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Walloon Lake, Michigan an affordable place to live?
The home price-to-income ratio in Walloon Lake, Michigan is 3.3x (median home value $285,400 vs. median income $87,303), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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