Living in Lakeview, Michigan
Cost of living, income, home prices, rent and demographics of Lakeview · Census data 2020–2024
Lakeview has 1,030 residents with a median age of 35.6. The median household income is $33,631 (54% lower than the Michigan median), the median home value is $165,500, the median rent is $496/month.
Lakeview is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakeview at a glance
- Population
- 1,030
- Median age
- 35.6State: 40.2
- Median household income
- $33,631State: $72,875
- Median home value
- $165,500State: $231,600
- Median rent
- $496/moState: $1,129
- Homeowners
- 65.8%
- Bachelor's degree or higher
- 10.2%
- Average commute
- 34 min
Is Lakeview a good place to live?
Pros: Home values 29% lower than the state median.
Cons: Median household income 54% lower than the Michigan median; an average commute of 34 minutes; unemployment of 21.2%; a poverty rate of 30.4%.
The weather is best in June to September.
Cost of living in Lakeview
Housing is the biggest part of the cost of living. In Lakeview the median home value is $165,500, 50% lower than the U.S. median. Renters pay a median of $496 per month, which is 24.1% of household income. Homeowners with a mortgage pay $1,536 a month in housing costs.
Lakeview median household income
The median household income in Lakeview is $33,631 and the income per person is $22,287. 30.4% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lakeview: homes for sale and rent
- Housing units
- 442
- Owner-occupied
- 65.8%
- Renter-occupied
- 34.2%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.44
Lakeview demographics
- Population
- 1,030
- Median age
- 35.6
- Under 18
- 18.8%
- 65 and older
- 19.4%
- Households
- 407
- Foreign-born
- 1.4%
- Veterans
- 6.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakeview ›
Education in Lakeview
10.2% of adults 25 and older in Lakeview have a bachelor's degree or higher (Michigan: 32.4%), and 2.1% have a graduate or professional degree.
Jobs and commute in Lakeview
- Unemployment rate
- 21.2%State: 5.7%
- Average commute
- 34 minState: 24 min
- Work from home
- 9%
- Drive alone
- 81.4%
- Public transit
- 0%
- Walk to work
- 2.3%
- Homes with broadband
- 85.3%
Lakeview vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakeview | 1,030 | $33,631 | $165,500 | $496 |
| Trufant | 572 | $93,750 | $123,600 | — |
| Morley | 624 | $41,750 | $122,500 | $725 |
| Canadian Lakes | 2,991 | $78,833 | $270,000 | $789 |
| Howard City | 1,636 | $54,688 | $151,200 | $609 |
| Edmore | 1,514 | $54,063 | $105,500 | $686 |
| Mecosta | 464 | $73,516 | $96,200 | $784 |
| McBride | 195 | $59,821 | $117,700 | — |
| Stanwood | 162 | $54,632 | $156,600 | $1,063 |
More for people moving to Lakeview
Lakeview ZIP code ›Weather and climate ›Living in Lakeview: FAQ
What is the median household income in Lakeview, MI?
The median household income in Lakeview is $33,631, 54% 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 Lakeview?
The median home value in Lakeview is $165,500, compared with $231,600 in Michigan.
How much is rent in Lakeview?
The median gross rent in Lakeview is $496 per month, about 24.1% of household income.
Is Lakeview, MI a good place to live?
Pluses: home values 29% lower than the state median. Minuses: median household income 54% lower than the Michigan median; an average commute of 34 minutes; unemployment of 21.2%; a poverty rate of 30.4%.
What is the median age in Lakeview?
The median age in Lakeview is 35.6 years (Michigan: 40.2).
How long is the commute in Lakeview?
The average commute to work in Lakeview is 34 minutes; 9% of workers work from home.
What is the unemployment rate in Lakeview?
The unemployment rate in Lakeview is 21.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakeview?
10.2% of adults in Lakeview 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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