Living in Eagle River, Michigan
Cost of living, income, home prices, rent and demographics of Eagle River · Census data 2020–2024
Eagle River has 83 residents with a median age of 72.4. The median household income is $78,750 (8% higher than the Michigan median), the median home value is $350,000.
Eagle River is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Eagle River at a glance
- Population
- 83
- Median age
- 72.4State: 40.2
- Median household income
- $78,750State: $72,875
- Median home value
- $350,000State: $231,600
- Homeowners
- 100%
- Bachelor's degree or higher
- 58.2%
Is Eagle River a good place to live?
Pros: Median household income 8% higher than the Michigan median; a poverty rate of 8.6%.
Cons: Home values 51% higher than the state median.
The weather is best in June to September.
Cost of living in Eagle River
Housing is the biggest part of the cost of living. In Eagle River the median home value is $350,000, 5% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,917 a month in housing costs.
Eagle River median household income
The median household income in Eagle River is $78,750 and the income per person is $45,853. 8.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in Eagle River: homes for sale and rent
- Housing units
- 159
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 76.7%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 1.92
76.7% of homes are vacant most of the year, a sign that Eagle River has many vacation and second homes.
Eagle River demographics
- Population
- 83
- Median age
- 72.4
- Under 18
- 4.8%
- 65 and older
- 74.7%
- Households
- 37
- Foreign-born
- 3.6%
- Veterans
- 17.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Eagle River ›
Education in Eagle River
58.2% of adults 25 and older in Eagle River have a bachelor's degree or higher (Michigan: 32.4%), and 38% have a graduate or professional degree.
Jobs and commute in Eagle River
- Unemployment rate
- 0%State: 5.7%
- Average commute
- —State: 24 min
- Work from home
- 10%
- Drive alone
- 20%
- Public transit
- 0%
- Walk to work
- 20%
- Homes with broadband
- 89.2%
Eagle River vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Eagle River | 83 | $78,750 | $350,000 | — |
| Eagle Harbor | 110 | $108,438 | $248,500 | — |
| Mohawk | 264 | $28,224 | $95,600 | — |
| Copper City | 253 | $51,250 | $103,400 | $817 |
| Calumet | 645 | $26,667 | $84,400 | $667 |
| Laurium | 1,509 | $54,167 | $126,100 | $808 |
| Lake Linden | 1,020 | $43,472 | $97,000 | $543 |
| Hubbell | 881 | $53,333 | $85,400 | $1,047 |
| Copper Harbor | 163 | $67,188 | $268,800 | — |
More for people moving to Eagle River
Eagle River ZIP code ›Weather and climate ›Living in Eagle River: FAQ
What is the median household income in Eagle River, MI?
The median household income in Eagle River is $78,750, 8% higher 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 Eagle River?
The median home value in Eagle River is $350,000, compared with $231,600 in Michigan.
Is Eagle River, MI a good place to live?
Pluses: median household income 8% higher than the Michigan median; a poverty rate of 8.6%. Minuses: home values 51% higher than the state median.
What is the median age in Eagle River?
The median age in Eagle River is 72.4 years (Michigan: 40.2).
What is the unemployment rate in Eagle River?
The unemployment rate in Eagle River is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Eagle River?
58.2% of adults in Eagle River 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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