Living in Petersburg, Michigan
Cost of living, income, home prices, rent and demographics of Petersburg · Census data 2020–2024
Petersburg has 1,179 residents with a median age of 37.8. The median household income is $83,235 (14% higher than the Michigan median), the median home value is $215,500, the median rent is $1,012/month.
Petersburg is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Petersburg at a glance
- Population
- 1,179
- Median age
- 37.8State: 40.2
- Median household income
- $83,235State: $72,875
- Median home value
- $215,500State: $231,600
- Median rent
- $1,012/moState: $1,129
- Homeowners
- 80.9%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 29 min
Is Petersburg a good place to live?
Pros: Median household income 14% higher than the Michigan median; home values 7% lower than the state median; unemployment of 1.7%; a poverty rate of 1.8%.
Cons: An average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Petersburg
Housing is the biggest part of the cost of living. In Petersburg the median home value is $215,500, 35% lower than the U.S. median. Renters pay a median of $1,012 per month, which is 31.9% of household income. Homeowners with a mortgage pay $1,368 a month in housing costs.
Petersburg median household income
The median household income in Petersburg is $83,235 and the income per person is $37,062. 1.8% of residents live below the poverty line (Michigan: 13.2%).
Housing in Petersburg: homes for sale and rent
- Housing units
- 453
- Owner-occupied
- 80.9%
- Renter-occupied
- 19.1%
- Vacant
- 0.7%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.62
Petersburg demographics
- Population
- 1,179
- Median age
- 37.8
- Under 18
- 21.7%
- 65 and older
- 11.7%
- Households
- 450
- Foreign-born
- 0%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Petersburg ›
Education in Petersburg
15.7% of adults 25 and older in Petersburg have a bachelor's degree or higher (Michigan: 32.4%), and 4.5% have a graduate or professional degree.
Jobs and commute in Petersburg
- Unemployment rate
- 1.7%State: 5.7%
- Average commute
- 29 minState: 24 min
- Work from home
- 11.2%
- Drive alone
- 80%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 93.1%
Petersburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Petersburg | 1,179 | $83,235 | $215,500 | $1,012 |
| Deerfield | 860 | $70,556 | $167,600 | $871 |
| Dundee | 5,744 | $78,837 | $257,300 | $1,242 |
| Ida | 1,050 | $125,979 | $284,200 | — |
| Britton | 652 | $86,250 | $161,100 | $788 |
| Blissfield | 3,234 | $62,059 | $169,900 | $1,055 |
| Temperance | 8,914 | $81,503 | $250,100 | $1,321 |
| Lambertville | 9,955 | $102,521 | $256,400 | $1,248 |
| Milan | 5,987 | $96,949 | $247,100 | $1,162 |
More for people moving to Petersburg
Petersburg ZIP code ›Weather and climate ›Living in Petersburg: FAQ
What is the median household income in Petersburg, MI?
The median household income in Petersburg is $83,235, 14% 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 Petersburg?
The median home value in Petersburg is $215,500, compared with $231,600 in Michigan.
How much is rent in Petersburg?
The median gross rent in Petersburg is $1,012 per month, about 31.9% of household income.
Is Petersburg, MI a good place to live?
Pluses: median household income 14% higher than the Michigan median; home values 7% lower than the state median; unemployment of 1.7%; a poverty rate of 1.8%. Minuses: an average commute of 29 minutes.
What is the median age in Petersburg?
The median age in Petersburg is 37.8 years (Michigan: 40.2).
How long is the commute in Petersburg?
The average commute to work in Petersburg is 29 minutes; 11.2% of workers work from home.
What is the unemployment rate in Petersburg?
The unemployment rate in Petersburg is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Petersburg?
15.7% of adults in Petersburg 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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