Living in Lakeport, Michigan
Cost of living, income, home prices, rent and demographics of Lakeport · Census data 2020–2024
Lakeport has 742 residents with a median age of 45.1. The median household income is $54,236 (26% lower than the Michigan median), the median home value is $206,400, the median rent is $1,125/month.
Lakeport is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakeport at a glance
- Population
- 742
- Median age
- 45.1State: 40.2
- Median household income
- $54,236State: $72,875
- Median home value
- $206,400State: $231,600
- Median rent
- $1,125/moState: $1,129
- Homeowners
- 84.9%
- Bachelor's degree or higher
- 41.4%
- Average commute
- 23 min
Is Lakeport a good place to live?
Pros: Home values 11% lower than the state median; an average commute of 23 minutes; unemployment of 2.3%.
Cons: Median household income 26% lower than the Michigan median; a poverty rate of 17.3%.
The weather is best in June to September.
Cost of living in Lakeport
Housing is the biggest part of the cost of living. In Lakeport the median home value is $206,400, 38% lower than the U.S. median. Renters pay a median of $1,125 per month, which is 51% of household income. Homeowners with a mortgage pay $1,169 a month in housing costs.
Lakeport median household income
The median household income in Lakeport is $54,236 and the income per person is $40,477. 17.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lakeport: homes for sale and rent
- Housing units
- 531
- Owner-occupied
- 84.9%
- Renter-occupied
- 15.1%
- Vacant
- 35%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.15
35% of homes are vacant most of the year, a sign that Lakeport has many vacation and second homes.
Lakeport demographics
- Population
- 742
- Median age
- 45.1
- Under 18
- 24.7%
- 65 and older
- 21.3%
- Households
- 345
- Foreign-born
- 0%
- Veterans
- 20%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakeport ›
Education in Lakeport
41.4% of adults 25 and older in Lakeport have a bachelor's degree or higher (Michigan: 32.4%), and 22.2% have a graduate or professional degree.
Jobs and commute in Lakeport
- Unemployment rate
- 2.3%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 14.6%
- Drive alone
- 72.2%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 97.1%
Lakeport vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakeport | 742 | $54,236 | $206,400 | $1,125 |
| Ruby | 714 | $69,077 | $223,800 | $1,105 |
| Port Huron | 28,620 | $50,366 | $149,300 | $982 |
| Lexington | 1,126 | $45,694 | $184,500 | $686 |
| Croswell | 2,488 | $55,081 | $149,600 | $658 |
| Marysville | 9,925 | $66,901 | $208,600 | $974 |
| Yale | 2,129 | $53,236 | $127,100 | $857 |
| Emmett | 207 | $120,074 | $145,800 | $1,000 |
| Applegate | 255 | $65,625 | $96,500 | $1,063 |
More for people moving to Lakeport
Lakeport ZIP code ›Weather and climate ›Living in Lakeport: FAQ
What is the median household income in Lakeport, MI?
The median household income in Lakeport is $54,236, 26% 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 Lakeport?
The median home value in Lakeport is $206,400, compared with $231,600 in Michigan.
How much is rent in Lakeport?
The median gross rent in Lakeport is $1,125 per month, about 51% of household income.
Is Lakeport, MI a good place to live?
Pluses: home values 11% lower than the state median; an average commute of 23 minutes; unemployment of 2.3%. Minuses: median household income 26% lower than the Michigan median; a poverty rate of 17.3%.
What is the median age in Lakeport?
The median age in Lakeport is 45.1 years (Michigan: 40.2).
How long is the commute in Lakeport?
The average commute to work in Lakeport is 23 minutes; 14.6% of workers work from home.
What is the unemployment rate in Lakeport?
The unemployment rate in Lakeport is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakeport?
41.4% of adults in Lakeport 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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