Living in Caro, Michigan
Cost of living, income, home prices, rent and demographics of Caro · Census data 2020–2024
Caro has 4,290 residents with a median age of 43.6. The median household income is $41,595 (43% lower than the Michigan median), the median home value is $102,700, the median rent is $753/month.
Caro at a glance
- Population
- 4,290
- Median age
- 43.6State: 40.2
- Median household income
- $41,595State: $72,875
- Median home value
- $102,700State: $231,600
- Median rent
- $753/moState: $1,129
- Homeowners
- 64%
- Bachelor's degree or higher
- 16.4%
- Average commute
- 19 min
Is Caro a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 43% lower than the Michigan median; unemployment of 9.1%; a poverty rate of 28.7%.
The weather is best in June to September.
Cost of living in Caro
Housing is the biggest part of the cost of living. In Caro the median home value is $102,700, 69% lower than the U.S. median. Renters pay a median of $753 per month, which is 30% of household income. Homeowners with a mortgage pay $1,054 a month in housing costs.
Caro median household income
The median household income in Caro is $41,595 and the income per person is $26,058. 28.7% of residents live below the poverty line (Michigan: 13.2%).
Housing in Caro: homes for sale and rent
- Housing units
- 2,099
- Owner-occupied
- 64%
- Renter-occupied
- 36%
- Vacant
- 7.3%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.07
Caro demographics
- Population
- 4,290
- Median age
- 43.6
- Under 18
- 20.7%
- 65 and older
- 24.2%
- Households
- 1,945
- Foreign-born
- 0.7%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Caro ›
Education in Caro
16.4% of adults 25 and older in Caro have a bachelor's degree or higher (Michigan: 32.4%), and 6.2% have a graduate or professional degree.
Jobs and commute in Caro
- Unemployment rate
- 9.1%State: 5.7%
- Average commute
- 19 minState: 24 min
- Work from home
- 3.8%
- Drive alone
- 77.6%
- Public transit
- 2%
- Walk to work
- 6.7%
- Homes with broadband
- 88.2%
Caro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Caro | 4,290 | $41,595 | $102,700 | $753 |
| Fairgrove | 547 | $42,500 | $78,600 | $842 |
| Akron | 336 | $50,179 | $82,900 | $938 |
| Mayville | 1,045 | $52,500 | $121,300 | $669 |
| Unionville | 569 | $76,653 | $97,300 | $1,278 |
| Kingston | 398 | $48,083 | $101,000 | $843 |
| Vassar | 2,707 | $59,444 | $143,200 | $744 |
| Cass City | 2,210 | $53,000 | $113,100 | $642 |
| Gagetown | 311 | $55,000 | $77,100 | $725 |
More for people moving to Caro
Caro ZIP code ›Weather and climate ›Living in Caro: FAQ
What is the median household income in Caro, MI?
The median household income in Caro is $41,595, 43% 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 Caro?
The median home value in Caro is $102,700, compared with $231,600 in Michigan.
How much is rent in Caro?
The median gross rent in Caro is $753 per month, about 30% of household income.
Is Caro, MI a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 19 minutes. Minuses: median household income 43% lower than the Michigan median; unemployment of 9.1%; a poverty rate of 28.7%.
What is the median age in Caro?
The median age in Caro is 43.6 years (Michigan: 40.2).
How long is the commute in Caro?
The average commute to work in Caro is 19 minutes; 3.8% of workers work from home.
What is the unemployment rate in Caro?
The unemployment rate in Caro is 9.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Caro?
16.4% of adults in Caro 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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