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Living In Elk Rapids, MI

The small town of Elk Rapids, Michigan is home to just under 2,000 people. Retirees account for a greater percentage of the population (34%) here than nationally (14%), while young adults appear in smaller numbers. With an average age of just under 50, the town's residents are notablyolder than most cities in Michigan. Just 20% of residents rent in Elk Rapids, as most own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $759 per month. Over the course of a year, renters in Elk Rapids will save around $1,400 compared to the state average.

With an average commute time of about 23 minutes, quicker than most cities in Michigan, Elk Rapids residents find that it isn't overly time-consuming to travel to work. Many residents (40%) drive their car or truck to work, while public transit isn't used. A small percentage of residents (2%) walk to work, though the number is higher than the national average.

Compared to the national average (7%), Elk Rapids has a large number of residents over the age of 25 with advanced degrees, as 10% possess a Master's degree or a Doctoral degree. Additionally, 14% have earned a Bachelor's degree. There are three primary industries in Elk Rapids: retail, manufacturing, and healthcare. Combined, these industries account for 22% of the town's labor force. Meanwhile, looking at job function, 7% of the town's population works in transportation, making it the top career path in the town. With an average annual income of just under $75,000, Elk Rapids workers earn more than their peers elsewhere in the state. Elk Rapids's average income, however, is just about on par with the national average ($73,345).

Frequently Asked Questions About Elk Rapids

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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