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The total population of Elk Rapids is estimated to be 1,568 with 737 males (47.00%) and 831 females (53.00%). There are 94 more females than males in Elk Rapids.
The median household income in Elk Rapids was $62,101 in 2021, which marked an a decrease of 5,887(8.66%) from $67,988 in 2020. This income is 83.24% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elk Rapids sees its highest median household income among householders in the age group of 45 to 64 years old, at $92,688. Overall, the median household income for the village of Elk Rapids stands at $62,101.
In Elk Rapids, the median income for all workers aged 15 years and older, regardless of work hours, was $39,521 for males and $33,433 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,622 for males and $54,567 for females.
In Elk Rapids, there are just two different racial groups among households. Among these, White households report a median household income of $65,665, while Two or More Races households have a median household income of $40,950.
In 2022, the population of Elk Rapids was 1,584, a 1.54% increase year-by-year from 2021. Previously, in 2021, Elk Rapids's population was 1,560, an increase of 1.76% compared to a population of 1,533 in 2020.
The median age in Elk Rapids, MI is 58.4, as per 2021 ACS 5-Year Estimates. Of the total population, 12.87% were under the age of 15, 8.83% aged 15 to 29, 41.10% aged 30 to 64, 31.15% aged 65 to 84, and 6.05% were 85 years of age and older.
Racial distribution of Elk Rapids population: 93.53% are White, 1.39% are Asian and 5.08% are multiracial.