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Petoskey, MI&

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Population
5,731
0.1% growth
Median Age
43.8
Median Household Income
$39,690
5.68% growth
Poverty Rate
9.7%
Number of Employees
2,992
5.35% decline
Median Property Value
$169,500
2.53% decline

Economy

The economy of Petoskey, MI employs 2,992 people. The economy of Petoskey, MI is specialized in Utilities; Arts, Entertainment, Recreation; and Information, which employ respectively 2.12; 1.74; and 1.51 times more people than what would be expected in a location of this size. The largest industries in Petoskey, MI are Healthcare & Social Assistance (504), Retail trade (314), and Accommodation & Food Service (295), and the highest paying industries are Finance & Insurance ($102,679), Professional, Scientific, Tech Services ($41,591), and Healthcare & Social Assistance ($39,450).

Median household income in Petoskey, MI is $39,690. Males in Petoskey, MI have an average income that is 1.11 times higher than the average income of females, which is $40,541. The income inequality of Petoskey, MI (measured using the Gini index) is 0.426 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Petoskey, MI. In Emmet County, MI the age groups most likely to have health care coverage are 55-64 and 55-64, men and women, respectively. The location has a 1 to 117 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $8,352. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Petoskey, MI is from the county of Emmet County, MI.

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Diversity

Petoskey, MI is home to a population of 5,731 people, from which 98.3% are citizens. The ethnic composition of the population of Petoskey, MI is composed of 5,183 White residents (90.4%), 200 Hispanic residents (3.49%), 164 Two+ residents (2.86%), 97 Native residents (1.69%), and 40 Asian residents (0.7%). The most common foreign languages in Petoskey, MI are Spanish (45 speakers), German (43 speakers), and French (22 speakers), but compared to other places, Petoskey, MI has a relative high number of Other Native North American (12 speakers), Laotian (9 speakers), and German (43 speakers).

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Education

In 2015 universities in Petoskey, MI awarded 382 degrees. The student population of Petoskey, MI is skewed towards females, with 119 male students and 263 female students. Most students in Petoskey, MI are White (324 and 84.8%), followed by Unknown (32 and 8.38%), American Indian (17 and 4.45%), and Hispanic or Latino (6 and 1.57%). The largest universities in Petoskey, MI by number of graduates are North Central Michigan College (382 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Petoskey, MI are General Studies (134 and 35.1%), Liberal Arts & Sciences (52 and 13.6%), and Registered Nursing (34 and 8.9%). The median tuition costs in Petoskey, MI are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Petoskey, MI is $169,500, which is 0.83 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value decreased from $173,900 to $169,500, a 2.53% increase. The homeownership rate of Petoskey, MI is 57.8%, which is lower than the national average of 63.6%. People in Petoskey, MI have an average commute time of 11.1 minutes, and they commute by Drove Alone. Car ownership in Petoskey, MI is approximately the same as the national average, with an average of 2 cars per household.

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United States
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Emmet County
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Northwest Lower Peninsula (East) PUMA, MI
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