Living in Rapid River, Michigan
Cost of living, income, home prices, rent and demographics of Rapid River · Census data 2020–2024
Rapid River has 223 residents with a median age of 40.3. The median household income is $51,500 (29% lower than the Michigan median), the median home value is $122,500, the median rent is $99/month.
Rapid River is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Rapid River at a glance
- Population
- 223
- Median age
- 40.3State: 40.2
- Median household income
- $51,500State: $72,875
- Median home value
- $122,500State: $231,600
- Median rent
- $99/moState: $1,129
- Homeowners
- 88.5%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 28 min
Is Rapid River a good place to live?
Pros: Home values 47% lower than the state median; a poverty rate of 9.9%.
Cons: Median household income 29% lower than the Michigan median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Rapid River
Housing is the biggest part of the cost of living. In Rapid River the median home value is $122,500, 63% lower than the U.S. median. Renters pay a median of $99 per month. Homeowners with a mortgage pay $1,147 a month in housing costs.
Rapid River median household income
The median household income in Rapid River is $51,500 and the income per person is $29,193. 9.9% of residents live below the poverty line (Michigan: 13.2%).
Housing in Rapid River: homes for sale and rent
- Housing units
- 103
- Owner-occupied
- 88.5%
- Renter-occupied
- 11.5%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.32
Rapid River demographics
- Population
- 223
- Median age
- 40.3
- Under 18
- 26%
- 65 and older
- 27.8%
- Households
- 96
- Foreign-born
- 0%
- Veterans
- 27.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Rapid River ›
Education in Rapid River
13.2% of adults 25 and older in Rapid River have a bachelor's degree or higher (Michigan: 32.4%), and 0% have a graduate or professional degree.
Jobs and commute in Rapid River
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 28 minState: 24 min
- Work from home
- 0%
- Drive alone
- 66.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 78.1%
Rapid River vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rapid River | 223 | $51,500 | $122,500 | $99 |
| Gladstone | 5,253 | $54,970 | $118,600 | $910 |
| Rock | 160 | $71,250 | $122,100 | — |
| Escanaba | 12,354 | $45,369 | $125,200 | $657 |
| Garden | 154 | $42,917 | $86,000 | $645 |
| Chatham | 135 | $48,438 | $131,300 | $713 |
| Gwinn | 1,435 | $46,414 | $117,000 | $682 |
| K. I. Sawyer | 2,817 | $60,833 | $87,300 | $782 |
| Manistique | 2,863 | $38,446 | $93,300 | $665 |
More for people moving to Rapid River
Rapid River ZIP code ›Weather and climate ›Living in Rapid River: FAQ
What is the median household income in Rapid River, MI?
The median household income in Rapid River is $51,500, 29% 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 Rapid River?
The median home value in Rapid River is $122,500, compared with $231,600 in Michigan.
How much is rent in Rapid River?
The median gross rent in Rapid River is $99 per month.
Is Rapid River, MI a good place to live?
Pluses: home values 47% lower than the state median; a poverty rate of 9.9%. Minuses: median household income 29% lower than the Michigan median; an average commute of 28 minutes.
What is the median age in Rapid River?
The median age in Rapid River is 40.3 years (Michigan: 40.2).
How long is the commute in Rapid River?
The average commute to work in Rapid River is 28 minutes; 0% of workers work from home.
What is the unemployment rate in Rapid River?
The unemployment rate in Rapid River is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rapid River?
13.2% of adults in Rapid River 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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