Arcadia, MI
Population 123 · Michigan
About Arcadia, MI
Arcadia is a small community located in Michigan with a population of 123 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,333 per year, which is 11% above the national median of $75,149. The median age of 69.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Arcadia features a median home value of $256,800, which is 5% above the national median of $244,900. This positions Arcadia in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 288 total housing units, 93% are owner-occupied (65 units) and 7% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Arcadia shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Arcadia have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
45.8% of Arcadia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Arcadia, MI
Compared to national averages, Arcadia has a median household income of $83,333 (11% above the national median of $75,149). Home values average $256,800, which is 5% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Arcadia's income is 26% above the state average of $66,017, and home values are 40% above the state median of $183,391.
Why Live in Arcadia, MI?
Arcadia offers a strong local economy with a median household income of $83,333, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 45.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 17.9 minutes.
Arcadia has a population of 123 with a median age of 69.2 years. Compare Arcadia with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Arcadia
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chatham | 123 | $47,813 | $154,200 | Compare |
| Norwood | 123 | $72,500 | $266,100 | Compare |
| Crystal Mountain | 120 | $0 | $487,500 | Compare |
| Eagle Harbor | 130 | $106,625 | $267,900 | Compare |
| Greenland | 116 | $43,958 | $55,000 | Compare |
| Nessen City | 115 | $59,375 | $122,500 | Compare |
| Covington | 113 | $68,750 | $0 | Compare |
| Lake Gogebic | 113 | $36,711 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Arcadia
What is the population of Arcadia, MI?
The population of Arcadia, MI is 123 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Arcadia?
The median household income in Arcadia, MI is $83,333 per year, which is 11% above the national median of $75,149.
What is the median home value in Arcadia?
The median home value in Arcadia, MI is $256,800, which is 5% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Arcadia?
The median monthly rent in Arcadia, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Arcadia?
The unemployment rate in Arcadia, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Arcadia, MI a good place to live?
Arcadia offers above-average incomes, a competitive housing market, and a strong job market. With a population of 123 and a median age of 69.2, the city appeals to established professionals and retirees.
How educated is Arcadia, MI?
45.8% of residents in Arcadia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Arcadia?
Key cost-of-living indicators for Arcadia, MI: median home value is $256,800 (5% above national), median rent is $0/month, and median household income is $83,333. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Arcadia?
The poverty rate in Arcadia, MI is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Arcadia, MI?
Arcadia's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.6% of residents are foreign-born.