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All About

Living In Petoskey, MI

The small town of Petoskey, Michigan is home to approximately 6,000 people. Retirees make up a greater percentage of the population (20%) here than nationally (14%). Overall, the town's residents, at an average age of just under 44, skew older than most cities in Michigan. A slim majority of residents own their homes (54%) as opposed to renting (46%) in Petoskey. With a relatively low average rent of $775/month in the town, renting remains an affordable option, particularly compared to other cities in Michigan. Each month, renters in Petoskey will save around $99 compared to the state average.

Petoskey's average commute time ranks as one of the best in Michigan at about 13 minutes, 10th-quickest in the state. Driving a car or truck is the prevailing mode of getting to work, opted for by 40% of workers, while public transportation is not used. Walking (7%) isn't a common means of commuting to work, though the number far exceeds the national average.

There are three primary industries in Petoskey: healthcare, entertainment, and retail. Combined, these industries account for 26% of the town's labor force. Meanwhile, looking at job function, 6% of residents work in sales, making it the top profession in the town. Petoskey workers earn an average annual income of around $61,000, about the same as the average Michigan resident. Petoskey, however, compares less favorably to the national average of $73,345. Petoskey has a high concentration of residents over the age of 25 with advanced degrees compared to the national average (7%), as 12% possess a Master's degree or a Doctorate. Additionally, 17% have earned a Bachelor's degree, which also outpaces the national average.

Frequently Asked Questions About Petoskey

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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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