Beechwood, MI
Population 2,736 · Michigan
About Beechwood, MI
Beechwood is a small town located in Michigan with a population of 2,736 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,484 per year, which is 9% below the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Beechwood features a median home value of $231,500, which is 5% below the national median of $244,900. This positions Beechwood in a moderately priced market relative to the rest of the country. Median monthly rent is $819, 30% below the national average of $1,163/month. Of the 1,133 total housing units, 67% are owner-occupied (704 units) and 33% are renter-occupied (343 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Beechwood shows an unemployment rate of 16.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 26.7%, above the national average of 12.4%. Workers in Beechwood have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
26.3% of Beechwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.5% White, 0.3% Hispanic or Latino, 2.4% Black or African American, and 0.0% Asian residents, with 6.1% of the population being foreign-born.
Cost of Living in Beechwood, MI
Compared to national averages, Beechwood has a median household income of $68,484 (9% below the national median of $75,149). Home values average $231,500, which is 5% below the national median. Monthly rent at $819 is 30% below the US average of $1,163. Within Michigan, Beechwood's income is 4% above the state average of $66,017, and home values are 26% above the state median of $183,391.
Why Live in Beechwood, MI?
Beechwood offers affordable housing with a median home value of $231,500, below the US average of $244,900, and rent that’s lower than the national average at $819/month, and short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($68,484) that falls below the national average. However, Beechwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beechwood has a population of 2,736 with a median age of 37.8 years. Compare Beechwood with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Beechwood
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Keego Harbor | 2,747 | $70,185 | $246,300 | Compare |
| West Monroe | 2,753 | $50,099 | $94,000 | Compare |
| West Ishpeming | 2,714 | $80,500 | $166,100 | Compare |
| Vassar | 2,704 | $61,827 | $134,600 | Compare |
| Canadian Lakes | 2,701 | $69,069 | $258,900 | Compare |
| Sandusky | 2,692 | $60,625 | $112,300 | Compare |
| East Tawas | 2,686 | $41,619 | $114,400 | Compare |
| K. I. Sawyer | 2,791 | $59,145 | $69,300 | 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.
Compare Beechwood With Other Cities
Frequently Asked Questions about Beechwood
What is the population of Beechwood, MI?
The population of Beechwood, MI is 2,736 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Beechwood?
The median household income in Beechwood, MI is $68,484 per year, which is 9% below the national median of $75,149.
What is the median home value in Beechwood?
The median home value in Beechwood, MI is $231,500, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beechwood?
The median monthly rent in Beechwood, MI is $819, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Beechwood?
The unemployment rate in Beechwood, MI is 16.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Beechwood, MI a good place to live?
Beechwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,736 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Beechwood, MI?
26.3% of residents in Beechwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Beechwood?
Key cost-of-living indicators for Beechwood, MI: median home value is $231,500 (5% below national), median rent is $819/month, and median household income is $68,484. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Beechwood?
The poverty rate in Beechwood, MI is 26.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Beechwood, MI?
Beechwood's population is 6.5% White, 0.3% Hispanic or Latino, 2.4% Black or African American, 0.0% Asian, and 1.8% two or more races. 6.1% of residents are foreign-born.