Living in Yale, Michigan
Cost of living, income, home prices, rent and demographics of Yale · Census data 2020–2024
Yale has 2,129 residents with a median age of 33.5. The median household income is $53,236 (27% lower than the Michigan median), the median home value is $127,100, the median rent is $857/month.
Yale at a glance
- Population
- 2,129
- Median age
- 33.5State: 40.2
- Median household income
- $53,236State: $72,875
- Median home value
- $127,100State: $231,600
- Median rent
- $857/moState: $1,129
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 9.9%
- Average commute
- 35 min
Is Yale a good place to live?
Pros: Home values 45% lower than the state median.
Cons: Median household income 27% lower than the Michigan median; an average commute of 35 minutes; unemployment of 16.1%; a poverty rate of 18%.
The weather is best in June to September.
Cost of living in Yale
Housing is the biggest part of the cost of living. In Yale the median home value is $127,100, 62% lower than the U.S. median. Renters pay a median of $857 per month, which is 33.9% of household income. Homeowners with a mortgage pay $1,154 a month in housing costs.
Yale median household income
The median household income in Yale is $53,236 and the income per person is $25,504. 18% of residents live below the poverty line (Michigan: 13.2%).
Housing in Yale: homes for sale and rent
- Housing units
- 935
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 2.39
Yale demographics
- Population
- 2,129
- Median age
- 33.5
- Under 18
- 21.8%
- 65 and older
- 17.1%
- Households
- 855
- Foreign-born
- 0.8%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Yale ›
Education in Yale
9.9% of adults 25 and older in Yale have a bachelor's degree or higher (Michigan: 32.4%), and 3.3% have a graduate or professional degree.
Jobs and commute in Yale
- Unemployment rate
- 16.1%State: 5.7%
- Average commute
- 35 minState: 24 min
- Work from home
- 2.8%
- Drive alone
- 81.4%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 84.2%
Yale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Yale | 2,129 | $53,236 | $127,100 | $857 |
| Melvin | 139 | $42,083 | $95,000 | — |
| Peck | 589 | $54,758 | $117,000 | $870 |
| Emmett | 207 | $120,074 | $145,800 | $1,000 |
| Capac | 1,970 | $60,329 | $161,700 | $772 |
| Brown City | 1,139 | $58,750 | $127,700 | $685 |
| Ruby | 714 | $69,077 | $223,800 | $1,105 |
| Croswell | 2,488 | $55,081 | $149,600 | $658 |
| Lakeport | 742 | $54,236 | $206,400 | $1,125 |
More for people moving to Yale
Yale ZIP code ›Weather and climate ›Living in Yale: FAQ
What is the median household income in Yale, MI?
The median household income in Yale is $53,236, 27% 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 Yale?
The median home value in Yale is $127,100, compared with $231,600 in Michigan.
How much is rent in Yale?
The median gross rent in Yale is $857 per month, about 33.9% of household income.
Is Yale, MI a good place to live?
Pluses: home values 45% lower than the state median. Minuses: median household income 27% lower than the Michigan median; an average commute of 35 minutes; unemployment of 16.1%; a poverty rate of 18%.
What is the median age in Yale?
The median age in Yale is 33.5 years (Michigan: 40.2).
How long is the commute in Yale?
The average commute to work in Yale is 35 minutes; 2.8% of workers work from home.
What is the unemployment rate in Yale?
The unemployment rate in Yale is 16.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Yale?
9.9% of adults in Yale 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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