Download
Share
Contents
Save
The total population of Petoskey is estimated to be 5,859 with 2,775 males (47.36%) and 3,084 females (52.64%). There are 309 more females than males in Petoskey.
The median household income in Petoskey was $64,913 in 2021, which marked an a decrease of 1,032(1.56%) from $65,945 in 2020. This income is 87.01% 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, Petoskey sees its highest median household income among householders in the age group of 45 to 64 years old, at $77,479. Overall, the median household income for the city of Petoskey stands at $64,913.
In Petoskey, the median income for all workers aged 15 years and older, regardless of work hours, was $38,012 for males and $34,640 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,763 for males and $50,822 for females.
In Petoskey, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $165,158, while White households have a median household income of $63,197.
In 2022, the population of Petoskey was 5,865, a 0.44% decrease year-by-year from 2021. Previously, in 2021, Petoskey's population was 5,891, an increase of 0.36% compared to a population of 5,870 in 2020.
The median age in Petoskey, MI is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 16.38% were under the age of 15, 19.02% aged 15 to 29, 44.67% aged 30 to 64, 16.96% aged 65 to 84, and 2.97% were 85 years of age and older.
Racial distribution of Petoskey population: 92.52% are White, 0.87% are Black or African American, 1.40% are American Indian and Alaska Native, 0.09% are Asian, 0.03% are some other race and 5.09% are multiracial.