Living in Lake Ann, Michigan
Cost of living, income, home prices, rent and demographics of Lake Ann · Census data 2020–2024
Lake Ann has 273 residents with a median age of 47.5. The median household income is $70,625 (3% lower than the Michigan median), the median home value is $338,900, the median rent is $1,200/month.
Lake Ann is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Ann at a glance
- Population
- 273
- Median age
- 47.5State: 40.2
- Median household income
- $70,625State: $72,875
- Median home value
- $338,900State: $231,600
- Median rent
- $1,200/moState: $1,129
- Homeowners
- 82.9%
- Bachelor's degree or higher
- 32.9%
- Average commute
- 21 min
Is Lake Ann a good place to live?
Pros: An average commute of 21 minutes; unemployment of 3.9%; a poverty rate of 3.7%.
Cons: Median household income 3% lower than the Michigan median; home values 46% higher than the state median.
The weather is best in June to September.
Cost of living in Lake Ann
Housing is the biggest part of the cost of living. In Lake Ann the median home value is $338,900, about the same as the U.S. median. Renters pay a median of $1,200 per month, which is 35% of household income. Homeowners with a mortgage pay $1,784 a month in housing costs.
Lake Ann median household income
The median household income in Lake Ann is $70,625 and the income per person is $46,437. 3.7% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lake Ann: homes for sale and rent
- Housing units
- 180
- Owner-occupied
- 82.9%
- Renter-occupied
- 17.1%
- Vacant
- 31.7%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.22
31.7% of homes are vacant most of the year, a sign that Lake Ann has many vacation and second homes.
Lake Ann demographics
- Population
- 273
- Median age
- 47.5
- Under 18
- 12.1%
- 65 and older
- 18.7%
- Households
- 123
- Foreign-born
- 8.8%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Ann ›
Education in Lake Ann
32.9% of adults 25 and older in Lake Ann have a bachelor's degree or higher (Michigan: 32.4%), and 9.3% have a graduate or professional degree.
Jobs and commute in Lake Ann
- Unemployment rate
- 3.9%State: 5.7%
- Average commute
- 21 minState: 24 min
- Work from home
- 10.3%
- Drive alone
- 77.4%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 91.9%
Lake Ann vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Ann | 273 | $70,625 | $338,900 | $1,200 |
| Hardwood Acres | 611 | $109,196 | $276,700 | — |
| Bendon | 315 | $69,750 | $196,200 | — |
| Interlochen | 791 | $104,883 | $166,900 | — |
| Maple City | 183 | $104,750 | $316,700 | $1,232 |
| Grawn | 800 | $57,908 | $209,400 | $1,348 |
| Honor | 172 | $45,341 | $223,800 | — |
| Chums Corner | 1,186 | $100,855 | $372,700 | — |
| Greilickville | 1,519 | $93,750 | $418,500 | $1,859 |
More for people moving to Lake Ann
Lake Ann ZIP code ›Weather and climate ›Living in Lake Ann: FAQ
What is the median household income in Lake Ann, MI?
The median household income in Lake Ann is $70,625, 3% 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 Lake Ann?
The median home value in Lake Ann is $338,900, compared with $231,600 in Michigan.
How much is rent in Lake Ann?
The median gross rent in Lake Ann is $1,200 per month, about 35% of household income.
Is Lake Ann, MI a good place to live?
Pluses: an average commute of 21 minutes; unemployment of 3.9%; a poverty rate of 3.7%. Minuses: median household income 3% lower than the Michigan median; home values 46% higher than the state median.
What is the median age in Lake Ann?
The median age in Lake Ann is 47.5 years (Michigan: 40.2).
How long is the commute in Lake Ann?
The average commute to work in Lake Ann is 21 minutes; 10.3% of workers work from home.
What is the unemployment rate in Lake Ann?
The unemployment rate in Lake Ann is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Ann?
32.9% of adults in Lake Ann 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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