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Buchanan is a small town in Michigan with a population of just over 4,000. The town's population, with an average age of just over 39, is middle-of-the-pack compared to other municipalities in Michigan, which has an average age of 38. Renters tend to be in the minority in the town, and 59% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $690/month. Over the course of a year, renters in Buchanan will save around $2,200 compared to the state average.
Buchanan has an average commute time of about 27 minutes. Driving is the most common mode of getting to work, selected by 40% of workers, while public transit is not used. Riding a motorcycle is the second-most favored means of commuting to work, selected by 1% of commuters. Relatively few residents walk to work.
There are plenty of industries from which to choose in Buchanan. The four most common are healthcare, manufacturing, entertainment, and education. Combined, these industries account for 27% of the town's labor force. Meanwhile, looking at job function, 7% of the town's population works in sales, which ranks as the top career path in the town. Buchanan workers earn an average annual income of just over $55,000, around $6,000 less than their peers elsewhere in Michigan. Buchanan's average income also trails the national average ($73,345). Compared to the national average (5%), Buchanan has a high concentration of residents older than 25 who possess an Associate's degree (8%). Additionally, 8% possess a Bachelor's degree and 3% have earned a Master's degree or Doctorate.
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