Living in Carp Lake, Michigan
Cost of living, income, home prices, rent and demographics of Carp Lake · Census data 2020–2024
Carp Lake has 380 residents with a median age of 40. The median household income is $27,474 (62% lower than the Michigan median), the median home value is $180,000, the median rent is $570/month.
Carp Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Carp Lake at a glance
- Population
- 380
- Median age
- 40State: 40.2
- Median household income
- $27,474State: $72,875
- Median home value
- $180,000State: $231,600
- Median rent
- $570/moState: $1,129
- Homeowners
- 62.9%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 22 min
Is Carp Lake a good place to live?
Pros: Home values 22% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 62% lower than the Michigan median; unemployment of 7.9%; a poverty rate of 48.2%.
The weather is best in June to September.
Cost of living in Carp Lake
Housing is the biggest part of the cost of living. In Carp Lake the median home value is $180,000, 46% lower than the U.S. median. Renters pay a median of $570 per month, which is 32.5% of household income. Homeowners with a mortgage pay $1,438 a month in housing costs.
Carp Lake median household income
The median household income in Carp Lake is $27,474 and the income per person is $22,801. 48.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Carp Lake: homes for sale and rent
- Housing units
- 445
- Owner-occupied
- 62.9%
- Renter-occupied
- 37.1%
- Vacant
- 67.9%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.66
67.9% of homes are vacant most of the year, a sign that Carp Lake has many vacation and second homes.
Carp Lake demographics
- Population
- 380
- Median age
- 40
- Under 18
- 32.1%
- 65 and older
- 18.7%
- Households
- 143
- Foreign-born
- 0%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Carp Lake ›
Education in Carp Lake
16.9% of adults 25 and older in Carp Lake have a bachelor's degree or higher (Michigan: 32.4%), and 7.9% have a graduate or professional degree.
Jobs and commute in Carp Lake
- Unemployment rate
- 7.9%State: 5.7%
- Average commute
- 22 minState: 24 min
- Work from home
- 3.5%
- Drive alone
- 94.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.5%
Carp Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carp Lake | 380 | $27,474 | $180,000 | $570 |
| Mackinaw City | 778 | $42,031 | $224,300 | $865 |
| Pellston | 755 | $66,875 | $121,000 | $1,030 |
| Mackinac Island | 561 | $95,000 | $733,300 | $1,197 |
| St. Ignace | 2,463 | $64,663 | $132,200 | $607 |
| Brutus | 198 | $109,375 | $164,100 | — |
| Cheboygan | 4,820 | $42,290 | $123,200 | $683 |
| Alanson | 834 | $65,139 | $134,100 | $393 |
| Indian River | 2,039 | $62,140 | $314,100 | — |
More for people moving to Carp Lake
Carp Lake ZIP code ›Weather and climate ›Living in Carp Lake: FAQ
What is the median household income in Carp Lake, MI?
The median household income in Carp Lake is $27,474, 62% 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 Carp Lake?
The median home value in Carp Lake is $180,000, compared with $231,600 in Michigan.
How much is rent in Carp Lake?
The median gross rent in Carp Lake is $570 per month, about 32.5% of household income.
Is Carp Lake, MI a good place to live?
Pluses: home values 22% lower than the state median; an average commute of 22 minutes. Minuses: median household income 62% lower than the Michigan median; unemployment of 7.9%; a poverty rate of 48.2%.
What is the median age in Carp Lake?
The median age in Carp Lake is 40 years (Michigan: 40.2).
How long is the commute in Carp Lake?
The average commute to work in Carp Lake is 22 minutes; 3.5% of workers work from home.
What is the unemployment rate in Carp Lake?
The unemployment rate in Carp Lake is 7.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carp Lake?
16.9% of adults in Carp Lake 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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