Living in Vanderbilt, Michigan
Cost of living, income, home prices, rent and demographics of Vanderbilt · Census data 2020–2024
Vanderbilt has 341 residents with a median age of 54.1. The median household income is $53,958 (26% lower than the Michigan median), the median home value is $121,200, the median rent is $920/month.
Vanderbilt is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Vanderbilt at a glance
- Population
- 341
- Median age
- 54.1State: 40.2
- Median household income
- $53,958State: $72,875
- Median home value
- $121,200State: $231,600
- Median rent
- $920/moState: $1,129
- Homeowners
- 68.2%
- Bachelor's degree or higher
- 4.6%
- Average commute
- 20 min
Is Vanderbilt a good place to live?
Pros: Home values 48% lower than the state median; an average commute of 20 minutes; a poverty rate of 9.1%.
Cons: Median household income 26% lower than the Michigan median.
The weather is best in June to September.
Cost of living in Vanderbilt
Housing is the biggest part of the cost of living. In Vanderbilt the median home value is $121,200, 64% lower than the U.S. median. Renters pay a median of $920 per month, which is 33.3% of household income. Homeowners with a mortgage pay $944 a month in housing costs.
Vanderbilt median household income
The median household income in Vanderbilt is $53,958 and the income per person is $35,093. 9.1% of residents live below the poverty line (Michigan: 13.2%).
Housing in Vanderbilt: homes for sale and rent
- Housing units
- 188
- Owner-occupied
- 68.2%
- Renter-occupied
- 31.8%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 1.94
Vanderbilt demographics
- Population
- 341
- Median age
- 54.1
- Under 18
- 15.8%
- 65 and older
- 21.4%
- Households
- 173
- Foreign-born
- 0.6%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Vanderbilt ›
Education in Vanderbilt
4.6% of adults 25 and older in Vanderbilt have a bachelor's degree or higher (Michigan: 32.4%), and 0.4% have a graduate or professional degree.
Jobs and commute in Vanderbilt
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 20 minState: 24 min
- Work from home
- 17%
- Drive alone
- 67.5%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 81.5%
Vanderbilt vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Vanderbilt | 341 | $53,958 | $121,200 | $920 |
| Gaylord | 4,357 | $44,701 | $192,800 | $977 |
| Wolverine | 265 | $67,500 | $89,000 | — |
| Boyne Falls | 361 | $62,159 | $167,700 | $949 |
| Walloon Lake | 294 | $87,303 | $285,400 | — |
| Boyne City | 3,825 | $64,855 | $249,000 | $906 |
| Lakes of the North | 1,524 | $82,188 | $232,100 | — |
| Alba | 282 | $100,870 | — | — |
| Indian River | 2,039 | $62,140 | $314,100 | — |
More for people moving to Vanderbilt
Vanderbilt ZIP code ›Weather and climate ›Living in Vanderbilt: FAQ
What is the median household income in Vanderbilt, MI?
The median household income in Vanderbilt is $53,958, 26% 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 Vanderbilt?
The median home value in Vanderbilt is $121,200, compared with $231,600 in Michigan.
How much is rent in Vanderbilt?
The median gross rent in Vanderbilt is $920 per month, about 33.3% of household income.
Is Vanderbilt, MI a good place to live?
Pluses: home values 48% lower than the state median; an average commute of 20 minutes; a poverty rate of 9.1%. Minuses: median household income 26% lower than the Michigan median.
What is the median age in Vanderbilt?
The median age in Vanderbilt is 54.1 years (Michigan: 40.2).
How long is the commute in Vanderbilt?
The average commute to work in Vanderbilt is 20 minutes; 17% of workers work from home.
What is the unemployment rate in Vanderbilt?
The unemployment rate in Vanderbilt is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Vanderbilt?
4.6% of adults in Vanderbilt 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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