Living in Boyne Falls, Michigan
Cost of living, income, home prices, rent and demographics of Boyne Falls · Census data 2020–2024
Boyne Falls has 361 residents with a median age of 36.8. The median household income is $62,159 (15% lower than the Michigan median), the median home value is $167,700, the median rent is $949/month.
Boyne Falls is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Boyne Falls at a glance
- Population
- 361
- Median age
- 36.8State: 40.2
- Median household income
- $62,159State: $72,875
- Median home value
- $167,700State: $231,600
- Median rent
- $949/moState: $1,129
- Homeowners
- 68.2%
- Bachelor's degree or higher
- 8.5%
- Average commute
- 24 min
Is Boyne Falls a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 4.2%; a poverty rate of 7.5%.
Cons: Median household income 15% lower than the Michigan median; an average commute of 24 minutes.
The weather is best in June to September.
Cost of living in Boyne Falls
Housing is the biggest part of the cost of living. In Boyne Falls the median home value is $167,700, 50% lower than the U.S. median. Renters pay a median of $949 per month, which is 17.7% of household income. Homeowners with a mortgage pay $1,161 a month in housing costs.
Boyne Falls median household income
The median household income in Boyne Falls is $62,159 and the income per person is $32,271. 7.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Boyne Falls: homes for sale and rent
- Housing units
- 229
- Owner-occupied
- 68.2%
- Renter-occupied
- 31.8%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 1.85
Boyne Falls demographics
- Population
- 361
- Median age
- 36.8
- Under 18
- 15.5%
- 65 and older
- 18.3%
- Households
- 195
- Foreign-born
- 1.7%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Boyne Falls ›
Education in Boyne Falls
8.5% of adults 25 and older in Boyne Falls have a bachelor's degree or higher (Michigan: 32.4%), and 3.1% have a graduate or professional degree.
Jobs and commute in Boyne Falls
- Unemployment rate
- 4.2%State: 5.7%
- Average commute
- 24 minState: 24 min
- Work from home
- 15.1%
- Drive alone
- 81.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81%
Boyne Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Boyne Falls | 361 | $62,159 | $167,700 | $949 |
| Boyne City | 3,825 | $64,855 | $249,000 | $906 |
| Walloon Lake | 294 | $87,303 | $285,400 | — |
| Advance | 377 | $110,417 | $563,800 | $1,375 |
| East Jordan | 2,023 | $60,104 | $148,000 | $812 |
| Horton Bay | 374 | $69,926 | $345,500 | — |
| Vanderbilt | 341 | $53,958 | $121,200 | $920 |
| Alba | 282 | $100,870 | — | — |
| Petoskey | 5,856 | $74,196 | $364,100 | $1,006 |
More for people moving to Boyne Falls
Boyne Falls ZIP code ›Weather and climate ›Living in Boyne Falls: FAQ
What is the median household income in Boyne Falls, MI?
The median household income in Boyne Falls is $62,159, 15% 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 Boyne Falls?
The median home value in Boyne Falls is $167,700, compared with $231,600 in Michigan.
How much is rent in Boyne Falls?
The median gross rent in Boyne Falls is $949 per month, about 17.7% of household income.
Is Boyne Falls, MI a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 4.2%; a poverty rate of 7.5%. Minuses: median household income 15% lower than the Michigan median; an average commute of 24 minutes.
What is the median age in Boyne Falls?
The median age in Boyne Falls is 36.8 years (Michigan: 40.2).
How long is the commute in Boyne Falls?
The average commute to work in Boyne Falls is 24 minutes; 15.1% of workers work from home.
What is the unemployment rate in Boyne Falls?
The unemployment rate in Boyne Falls is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Boyne Falls?
8.5% of adults in Boyne Falls 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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