Living in Addison, Michigan
Cost of living, income, home prices, rent and demographics of Addison · Census data 2020–2024
Addison has 534 residents with a median age of 39. The median household income is $54,519 (25% lower than the Michigan median), the median home value is $137,100, the median rent is $643/month.
Addison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Addison at a glance
- Population
- 534
- Median age
- 39State: 40.2
- Median household income
- $54,519State: $72,875
- Median home value
- $137,100State: $231,600
- Median rent
- $643/moState: $1,129
- Homeowners
- 65%
- Bachelor's degree or higher
- 10.1%
- Average commute
- 29 min
Is Addison a good place to live?
Pros: Home values 41% lower than the state median.
Cons: Median household income 25% lower than the Michigan median; an average commute of 29 minutes; unemployment of 6.8%; a poverty rate of 17.1%.
The weather is best in June to September.
Cost of living in Addison
Housing is the biggest part of the cost of living. In Addison the median home value is $137,100, 59% lower than the U.S. median. Renters pay a median of $643 per month, which is 23.7% of household income. Homeowners with a mortgage pay $1,094 a month in housing costs.
Addison median household income
The median household income in Addison is $54,519 and the income per person is $24,763. 17.1% of residents live below the poverty line (Michigan: 13.2%).
Housing in Addison: homes for sale and rent
- Housing units
- 239
- Owner-occupied
- 65%
- Renter-occupied
- 35%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.39
Addison demographics
- Population
- 534
- Median age
- 39
- Under 18
- 26.2%
- 65 and older
- 12%
- Households
- 223
- Foreign-born
- 0%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Addison ›
Education in Addison
10.1% of adults 25 and older in Addison have a bachelor's degree or higher (Michigan: 32.4%), and 4.2% have a graduate or professional degree.
Jobs and commute in Addison
- Unemployment rate
- 6.8%State: 5.7%
- Average commute
- 29 minState: 24 min
- Work from home
- 6.4%
- Drive alone
- 83.5%
- Public transit
- 0%
- Walk to work
- 5.1%
- Homes with broadband
- 87.9%
Addison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Addison | 534 | $54,519 | $137,100 | $643 |
| Manitou Beach-Devils Lake | 2,103 | $83,980 | $260,300 | $963 |
| Cement City | 629 | $52,708 | $104,500 | $1,006 |
| Lake LeAnn | 1,657 | $89,076 | $266,600 | — |
| Onsted | 1,155 | $66,964 | $170,700 | $828 |
| Hudson | 2,200 | $53,009 | $110,300 | $854 |
| North Adams | 435 | $52,813 | $99,500 | $900 |
| Brooklyn | 1,180 | $56,324 | $200,000 | $1,021 |
| Vineyard Lake | 1,031 | $86,146 | $306,100 | — |
More for people moving to Addison
Addison ZIP code ›Weather and climate ›Living in Addison: FAQ
What is the median household income in Addison, MI?
The median household income in Addison is $54,519, 25% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Addison?
The median home value in Addison is $137,100, compared with $231,600 in Michigan.
How much is rent in Addison?
The median gross rent in Addison is $643 per month, about 23.7% of household income.
Is Addison, MI a good place to live?
Pluses: home values 41% lower than the state median. Minuses: median household income 25% lower than the Michigan median; an average commute of 29 minutes; unemployment of 6.8%; a poverty rate of 17.1%.
What is the median age in Addison?
The median age in Addison is 39 years (Michigan: 40.2).
How long is the commute in Addison?
The average commute to work in Addison is 29 minutes; 6.4% of workers work from home.
What is the unemployment rate in Addison?
The unemployment rate in Addison is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Addison?
10.1% of adults in Addison have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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