Living in Sylvan Lake, Michigan
Cost of living, income, home prices, rent and demographics of Sylvan Lake · Census data 2020–2024
Sylvan Lake has 1,705 residents with a median age of 52.8. The median household income is $106,429 (46% higher than the Michigan median), the median home value is $391,000, the median rent is $1,113/month.
Sylvan Lake at a glance
- Population
- 1,705
- Median age
- 52.8State: 40.2
- Median household income
- $106,429State: $72,875
- Median home value
- $391,000State: $231,600
- Median rent
- $1,113/moState: $1,129
- Homeowners
- 81.5%
- Bachelor's degree or higher
- 47.8%
- Average commute
- 25 min
Is Sylvan Lake a good place to live?
Pros: Median household income 46% higher than the Michigan median; unemployment of 2.9%; a poverty rate of 5.4%.
Cons: Home values 69% higher than the state median; an average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Sylvan Lake
Housing is the biggest part of the cost of living. In Sylvan Lake the median home value is $391,000, 18% higher than the U.S. median. Renters pay a median of $1,113 per month, which is 29.7% of household income. Homeowners with a mortgage pay $2,229 a month in housing costs.
Sylvan Lake median household income
The median household income in Sylvan Lake is $106,429 and the income per person is $85,141. 5.4% of residents live below the poverty line (Michigan: 13.2%).
Housing in Sylvan Lake: homes for sale and rent
- Housing units
- 872
- Owner-occupied
- 81.5%
- Renter-occupied
- 18.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 1.96
Sylvan Lake demographics
- Population
- 1,705
- Median age
- 52.8
- Under 18
- 11.8%
- 65 and older
- 21.5%
- Households
- 872
- Foreign-born
- 9.1%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Sylvan Lake ›
Education in Sylvan Lake
47.8% of adults 25 and older in Sylvan Lake have a bachelor's degree or higher (Michigan: 32.4%), and 22.7% have a graduate or professional degree.
Jobs and commute in Sylvan Lake
- Unemployment rate
- 2.9%State: 5.7%
- Average commute
- 25 minState: 24 min
- Work from home
- 17.3%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 93.6%
Sylvan Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Sylvan Lake | 1,705 | $106,429 | $391,000 | $1,113 |
| Keego Harbor | 2,747 | $64,896 | $255,900 | $1,194 |
| Orchard Lake Village | 2,238 | $206,667 | $737,000 | $936 |
| Pontiac | 62,104 | $44,329 | $121,700 | $1,063 |
| Bloomfield Hills | 4,415 | $189,942 | $947,900 | $3,501 |
| Lake Angelus | 238 | $216,908 | $1,052,100 | — |
| Auburn Hills | 25,105 | $84,375 | $245,000 | $1,477 |
| Franklin | 2,554 | $194,079 | $774,900 | — |
| Bingham Farms | 1,680 | $244,618 | $580,500 | $3,501 |
More for people moving to Sylvan Lake
Sylvan Lake ZIP code ›Weather and climate ›Living in Sylvan Lake: FAQ
What is the median household income in Sylvan Lake, MI?
The median household income in Sylvan Lake is $106,429, 46% 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 Sylvan Lake?
The median home value in Sylvan Lake is $391,000, compared with $231,600 in Michigan.
How much is rent in Sylvan Lake?
The median gross rent in Sylvan Lake is $1,113 per month, about 29.7% of household income.
Is Sylvan Lake, MI a good place to live?
Pluses: median household income 46% higher than the Michigan median; unemployment of 2.9%; a poverty rate of 5.4%. Minuses: home values 69% higher than the state median; an average commute of 25 minutes.
What is the median age in Sylvan Lake?
The median age in Sylvan Lake is 52.8 years (Michigan: 40.2).
How long is the commute in Sylvan Lake?
The average commute to work in Sylvan Lake is 25 minutes; 17.3% of workers work from home.
What is the unemployment rate in Sylvan Lake?
The unemployment rate in Sylvan Lake is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Sylvan Lake?
47.8% of adults in Sylvan Lake 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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