Living in Algonac, Michigan
Cost of living, income, home prices, rent and demographics of Algonac · Census data 2020–2024
Algonac has 4,139 residents with a median age of 48.5. The median household income is $56,820 (22% lower than the Michigan median), the median home value is $199,500, the median rent is $910/month.
Algonac at a glance
- Population
- 4,139
- Median age
- 48.5State: 40.2
- Median household income
- $56,820State: $72,875
- Median home value
- $199,500State: $231,600
- Median rent
- $910/moState: $1,129
- Homeowners
- 74.8%
- Bachelor's degree or higher
- 14.7%
- Average commute
- 31 min
Is Algonac a good place to live?
Pros: Home values 14% lower than the state median; unemployment of 5.7%.
Cons: Median household income 22% lower than the Michigan median; an average commute of 31 minutes; a poverty rate of 14.5%.
The weather is best in May–June and August–September.
Cost of living in Algonac
Housing is the biggest part of the cost of living. In Algonac the median home value is $199,500, 40% lower than the U.S. median. Renters pay a median of $910 per month, which is 35.5% of household income. Homeowners with a mortgage pay $1,207 a month in housing costs.
Algonac median household income
The median household income in Algonac is $56,820 and the income per person is $32,626. 14.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Algonac: homes for sale and rent
- Housing units
- 2,019
- Owner-occupied
- 74.8%
- Renter-occupied
- 25.2%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.22
Algonac demographics
- Population
- 4,139
- Median age
- 48.5
- Under 18
- 18.5%
- 65 and older
- 22.7%
- Households
- 1,859
- Foreign-born
- 0.2%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Algonac ›
Education in Algonac
14.7% of adults 25 and older in Algonac have a bachelor's degree or higher (Michigan: 32.4%), and 4.5% have a graduate or professional degree.
Jobs and commute in Algonac
- Unemployment rate
- 5.7%State: 5.7%
- Average commute
- 31 minState: 24 min
- Work from home
- 5%
- Drive alone
- 72.8%
- Public transit
- 8.4%
- Walk to work
- 0.6%
- Homes with broadband
- 89.8%
Algonac vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Algonac | 4,139 | $56,820 | $199,500 | $910 |
| Pearl Beach | 4,506 | $83,208 | $301,700 | $1,054 |
| Marine City | 4,028 | $67,683 | $159,800 | $944 |
| New Baltimore | 12,072 | $106,033 | $323,200 | $1,039 |
| St. Clair | 5,585 | $69,688 | $223,200 | $1,113 |
| New Haven | 6,475 | $66,125 | $209,000 | $1,268 |
| Richmond | 5,855 | $64,719 | $237,700 | $864 |
| Mount Clemens | 15,511 | $52,310 | $179,400 | $847 |
| Marysville | 9,925 | $66,901 | $208,600 | $974 |
More for people moving to Algonac
Algonac ZIP code ›Weather and climate ›Living in Algonac: FAQ
What is the median household income in Algonac, MI?
The median household income in Algonac is $56,820, 22% 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 Algonac?
The median home value in Algonac is $199,500, compared with $231,600 in Michigan.
How much is rent in Algonac?
The median gross rent in Algonac is $910 per month, about 35.5% of household income.
Is Algonac, MI a good place to live?
Pluses: home values 14% lower than the state median; unemployment of 5.7%. Minuses: median household income 22% lower than the Michigan median; an average commute of 31 minutes; a poverty rate of 14.5%.
What is the median age in Algonac?
The median age in Algonac is 48.5 years (Michigan: 40.2).
How long is the commute in Algonac?
The average commute to work in Algonac is 31 minutes; 5% of workers work from home.
What is the unemployment rate in Algonac?
The unemployment rate in Algonac is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Algonac?
14.7% of adults in Algonac 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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