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The total population of Otter Lake is estimated to be 361 with 180 males (49.86%) and 181 females (50.14%). There are 1 more females than males in Otter Lake.
The median household income in Otter Lake was $45,714 in 2021, which marked an a decrease of 6,694(12.77%) from $52,408 in 2020. This income is 61.27% 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, Otter Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $74,313. Overall, the median household income for the village of Otter Lake stands at $45,714.
In Otter Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $33,272 for males and $26,873 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,614 for males and $33,007 for females.
In Otter Lake, population is primarily represented by White households, reporting a median income of $46,132.
In 2022, the population of Otter Lake was 359, a 0.55% decrease year-by-year from 2021. Previously, in 2021, Otter Lake's population was 361, a decline of 0.55% compared to a population of 363 in 2020.
The median age in Otter Lake, MI is 49.4, as per 2021 ACS 5-Year Estimates. Of the total population, 10.05% were under the age of 15, 20.62% aged 15 to 29, 40.46% aged 30 to 64, 19.59% aged 65 to 84, and 9.28% were 85 years of age and older.
Racial distribution of Otter Lake population: 98.97% are White and 1.03% are multiracial.