Living in Buchanan, Michigan
Cost of living, income, home prices, rent and demographics of Buchanan · Census data 2020–2024
Buchanan has 4,223 residents with a median age of 32.7. The median household income is $56,163 (23% lower than the Michigan median), the median home value is $154,300, the median rent is $903/month.
Buchanan at a glance
- Population
- 4,223
- Median age
- 32.7State: 40.2
- Median household income
- $56,163State: $72,875
- Median home value
- $154,300State: $231,600
- Median rent
- $903/moState: $1,129
- Homeowners
- 57.5%
- Bachelor's degree or higher
- 13.1%
- Average commute
- 19 min
Is Buchanan a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 19 minutes; unemployment of 2.2%; a poverty rate of 7.1%.
Cons: Median household income 23% lower than the Michigan median.
The weather is best in June to September.
Cost of living in Buchanan
Housing is the biggest part of the cost of living. In Buchanan the median home value is $154,300, 54% lower than the U.S. median. Renters pay a median of $903 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,233 a month in housing costs.
Buchanan median household income
The median household income in Buchanan is $56,163 and the income per person is $28,399. 7.1% of residents live below the poverty line (Michigan: 13.2%).
Housing in Buchanan: homes for sale and rent
- Housing units
- 2,125
- Owner-occupied
- 57.5%
- Renter-occupied
- 42.5%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.40
Buchanan demographics
- Population
- 4,223
- Median age
- 32.7
- Under 18
- 22.4%
- 65 and older
- 15.3%
- Households
- 1,752
- Foreign-born
- 2.4%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Buchanan ›
Education in Buchanan
13.1% of adults 25 and older in Buchanan have a bachelor's degree or higher (Michigan: 32.4%), and 0.7% have a graduate or professional degree.
Jobs and commute in Buchanan
- Unemployment rate
- 2.2%State: 5.7%
- Average commute
- 19 minState: 24 min
- Work from home
- 4.2%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 82.6%
Buchanan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Buchanan | 4,223 | $56,163 | $154,300 | $903 |
| Niles | 11,803 | $51,376 | $135,100 | $855 |
| Galien | 470 | $45,221 | $138,100 | $981 |
| Berrien Springs | 2,018 | $65,134 | $159,900 | $972 |
| Chain-O-Lakes | 490 | $88,018 | $266,800 | — |
| Ardmore | 1,810 | $47,069 | $143,100 | $1,081 |
| Roseland | 1,175 | $47,917 | $122,500 | $1,227 |
| New Troy | 413 | $56,776 | $167,600 | $1,086 |
| Baroda | 859 | $65,750 | $158,800 | $994 |
More for people moving to Buchanan
Buchanan ZIP code ›Weather and climate ›Living in Buchanan: FAQ
What is the median household income in Buchanan, MI?
The median household income in Buchanan is $56,163, 23% 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 Buchanan?
The median home value in Buchanan is $154,300, compared with $231,600 in Michigan.
How much is rent in Buchanan?
The median gross rent in Buchanan is $903 per month, about 28.3% of household income.
Is Buchanan, MI a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 19 minutes; unemployment of 2.2%; a poverty rate of 7.1%. Minuses: median household income 23% lower than the Michigan median.
What is the median age in Buchanan?
The median age in Buchanan is 32.7 years (Michigan: 40.2).
How long is the commute in Buchanan?
The average commute to work in Buchanan is 19 minutes; 4.2% of workers work from home.
What is the unemployment rate in Buchanan?
The unemployment rate in Buchanan is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Buchanan?
13.1% of adults in Buchanan 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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