Living in Mackinac Island, Michigan
Cost of living, income, home prices, rent and demographics of Mackinac Island · Census data 2020–2024
Mackinac Island has 561 residents with a median age of 40.4. The median household income is $95,000 (30% higher than the Michigan median), the median home value is $733,300, the median rent is $1,197/month.
Mackinac Island is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Mackinac Island at a glance
- Population
- 561
- Median age
- 40.4State: 40.2
- Median household income
- $95,000State: $72,875
- Median home value
- $733,300State: $231,600
- Median rent
- $1,197/moState: $1,129
- Homeowners
- 48.9%
- Bachelor's degree or higher
- 41%
- Average commute
- 9 min
Is Mackinac Island a good place to live?
Pros: Median household income 30% higher than the Michigan median; an average commute of 9 minutes; a poverty rate of 13.1%.
Cons: Home values 217% higher than the state median; unemployment of 7.9%.
The weather is best in June to September.
Cost of living in Mackinac Island
Housing is the biggest part of the cost of living. In Mackinac Island the median home value is $733,300, 120% higher than the U.S. median. Renters pay a median of $1,197 per month, which is 12.9% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Mackinac Island median household income
The median household income in Mackinac Island is $95,000 and the income per person is $48,923. 13.1% of residents live below the poverty line (Michigan: 13.2%).
Housing in Mackinac Island: homes for sale and rent
- Housing units
- 827
- Owner-occupied
- 48.9%
- Renter-occupied
- 51.1%
- Vacant
- 78.7%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 1.84
78.7% of homes are vacant most of the year, a sign that Mackinac Island has many vacation and second homes.
Mackinac Island demographics
- Population
- 561
- Median age
- 40.4
- Under 18
- 6.6%
- 65 and older
- 16.8%
- Households
- 176
- Foreign-born
- 19.4%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Mackinac Island ›
Education in Mackinac Island
41% of adults 25 and older in Mackinac Island have a bachelor's degree or higher (Michigan: 32.4%), and 9.8% have a graduate or professional degree.
Jobs and commute in Mackinac Island
- Unemployment rate
- 7.9%State: 5.7%
- Average commute
- 9 minState: 24 min
- Work from home
- 8.9%
- Drive alone
- 0.8%
- Public transit
- 0%
- Walk to work
- 32.9%
- Homes with broadband
- 90.3%
Mackinac Island vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mackinac Island | 561 | $95,000 | $733,300 | $1,197 |
| St. Ignace | 2,463 | $64,663 | $132,200 | $607 |
| Mackinaw City | 778 | $42,031 | $224,300 | $865 |
| Carp Lake | 380 | $27,474 | $180,000 | $570 |
| Cheboygan | 4,820 | $42,290 | $123,200 | $683 |
| Pellston | 755 | $66,875 | $121,000 | $1,030 |
| Brutus | 198 | $109,375 | $164,100 | — |
| Kincheloe | 2,524 | $57,644 | $110,700 | $854 |
| Indian River | 2,039 | $62,140 | $314,100 | — |
More for people moving to Mackinac Island
Mackinac Island ZIP code ›Weather and climate ›Living in Mackinac Island: FAQ
What is the median household income in Mackinac Island, MI?
The median household income in Mackinac Island is $95,000, 30% 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 Mackinac Island?
The median home value in Mackinac Island is $733,300, compared with $231,600 in Michigan.
How much is rent in Mackinac Island?
The median gross rent in Mackinac Island is $1,197 per month, about 12.9% of household income.
Is Mackinac Island, MI a good place to live?
Pluses: median household income 30% higher than the Michigan median; an average commute of 9 minutes; a poverty rate of 13.1%. Minuses: home values 217% higher than the state median; unemployment of 7.9%.
What is the median age in Mackinac Island?
The median age in Mackinac Island is 40.4 years (Michigan: 40.2).
How long is the commute in Mackinac Island?
The average commute to work in Mackinac Island is 9 minutes; 8.9% of workers work from home.
What is the unemployment rate in Mackinac Island?
The unemployment rate in Mackinac Island is 7.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mackinac Island?
41% of adults in Mackinac Island 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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