In 2020, Petoskey, MI had a population of 5.7k people with a median age of 42.3 and a median household income of $58,197. Between 2019 and 2020 the population of Petoskey, MI declined from 5,724 to 5,701, a −0.402% decrease and its median household income grew from $45,107 to $58,197, a 29% increase.
The 5 largest ethnic groups in Petoskey, MI are White (Non-Hispanic) (88.9%), Two+ (Non-Hispanic) (5.12%), White (Hispanic) (3.25%), American Indian & Alaska Native (Non-Hispanic) (1.33%), and Black or African American (Non-Hispanic) (0.895%).
None of the households in Petoskey, MI reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
98.7% of the residents in Petoskey, MI are U.S. citizens.
The largest universities in Petoskey, MI are North Central Michigan College (344 degrees awarded in 2020).
In 2020, the median property value in Petoskey, MI was $221,900, and the homeownership rate was 54.9%.
Most people in Petoskey, MI drove alone to work, and the average commute time was 19 minutes. The average car ownership in Petoskey, MI was 2 cars per household.