Houghton, Michigan is a small town with approximately 8,000 residents. Young adults (15-24) will find plenty of opportunities, as they account for a larger portion of the population here (51%) than nationally (14%), while middle-aged professionals account for a smaller percentage of the town. With an average age of just under 31, the town's population is notably younger than most cities in Michigan, ranking as the sixth-youngest municipality in the state. By a slim 55%-46% margin, renters hold a slight majority over homeowners in Houghton. At $913 a month, the average rent is roughly on par with the state average.
Compared to the national average (7%), Houghton has a relatively high concentration of residents over the age of 25 with advanced degrees, as 9% have earned a Master's degree or a Doctorate. Furthermore, 9% have a Bachelor's degree. Many Houghton residents work in one of two industries: education and entertainment. Together, these industries account for 21% of the town's labor force. With an average annual income of almost $50,000, Houghton workers take home around $12,000 less than their peers elsewhere in Michigan. Houghton's average income also trails the national average of $73,345.
Houghton's average commute time ranks as one of the best in Michigan at about 13 minutes, 3rd-quickest in the state. Many residents (28%) drive themselves to work, while public transportation isn't used widely. Relatively few commuters (12%) walk to work, though the number is much greater than the national average.
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