Living in Fife Lake, Michigan
Cost of living, income, home prices, rent and demographics of Fife Lake · Census data 2020–2024
Fife Lake has 343 residents with a median age of 54.2. The median household income is $68,472 (6% lower than the Michigan median), the median home value is $202,300, the median rent is $1,632/month.
Fife Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fife Lake at a glance
- Population
- 343
- Median age
- 54.2State: 40.2
- Median household income
- $68,472State: $72,875
- Median home value
- $202,300State: $231,600
- Median rent
- $1,632/moState: $1,129
- Homeowners
- 79.9%
- Bachelor's degree or higher
- 22.9%
- Average commute
- 39 min
Is Fife Lake a good place to live?
Pros: Home values 13% lower than the state median; unemployment of 3.5%; a poverty rate of 7.3%.
Cons: Median household income 6% lower than the Michigan median; an average commute of 39 minutes.
The weather is best in June to September.
Cost of living in Fife Lake
Housing is the biggest part of the cost of living. In Fife Lake the median home value is $202,300, 39% lower than the U.S. median. Renters pay a median of $1,632 per month, which is 19.8% of household income. Homeowners with a mortgage pay $1,245 a month in housing costs.
Fife Lake median household income
The median household income in Fife Lake is $68,472 and the income per person is $36,607. 7.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Fife Lake: homes for sale and rent
- Housing units
- 260
- Owner-occupied
- 79.9%
- Renter-occupied
- 20.1%
- Vacant
- 38.8%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.16
38.8% of homes are vacant most of the year, a sign that Fife Lake has many vacation and second homes.
Fife Lake demographics
- Population
- 343
- Median age
- 54.2
- Under 18
- 9%
- 65 and older
- 21.9%
- Households
- 159
- Foreign-born
- 0%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fife Lake ›
Education in Fife Lake
22.9% of adults 25 and older in Fife Lake have a bachelor's degree or higher (Michigan: 32.4%), and 4.5% have a graduate or professional degree.
Jobs and commute in Fife Lake
- Unemployment rate
- 3.5%State: 5.7%
- Average commute
- 39 minState: 24 min
- Work from home
- 6.7%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.3%
Fife Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fife Lake | 343 | $68,472 | $202,300 | $1,632 |
| South Boardman | 553 | $83,750 | $193,300 | — |
| Kingsley | 1,785 | $67,321 | $268,800 | $982 |
| Manton | 1,511 | $45,982 | $125,000 | $807 |
| Kalkaska | 2,539 | $57,143 | $155,600 | $633 |
| Chums Corner | 1,186 | $100,855 | $372,700 | — |
| Buckley | 936 | $67,083 | $205,500 | $1,163 |
| Jennings | 254 | $41,023 | — | — |
| Traverse City | 15,593 | $74,087 | $415,400 | $995 |
More for people moving to Fife Lake
Fife Lake ZIP code ›Weather and climate ›Living in Fife Lake: FAQ
What is the median household income in Fife Lake, MI?
The median household income in Fife Lake is $68,472, 6% 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 Fife Lake?
The median home value in Fife Lake is $202,300, compared with $231,600 in Michigan.
How much is rent in Fife Lake?
The median gross rent in Fife Lake is $1,632 per month, about 19.8% of household income.
Is Fife Lake, MI a good place to live?
Pluses: home values 13% lower than the state median; unemployment of 3.5%; a poverty rate of 7.3%. Minuses: median household income 6% lower than the Michigan median; an average commute of 39 minutes.
What is the median age in Fife Lake?
The median age in Fife Lake is 54.2 years (Michigan: 40.2).
How long is the commute in Fife Lake?
The average commute to work in Fife Lake is 39 minutes; 6.7% of workers work from home.
What is the unemployment rate in Fife Lake?
The unemployment rate in Fife Lake is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fife Lake?
22.9% of adults in Fife 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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