Boyne Falls, MI
Population 315 · Michigan
About Boyne Falls, MI
Boyne Falls is a small community located in Michigan with a population of 315 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,250 per year, which is 38% below the national median of $75,149. The median age of 42.9 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 Boyne Falls features a median home value of $160,400, which is 35% below the national median of $244,900. This positions Boyne Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $821, 29% below the national average of $1,163/month. Of the 189 total housing units, 76% are owner-occupied (124 units) and 24% are renter-occupied (40 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Boyne Falls shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 15.6%, above the national average of 12.4%. Workers in Boyne Falls have an average one-way commute time of 20.5 minutes.
Education & Demographics
8.8% of Boyne Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.6% White, 5.1% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Boyne Falls, MI
Compared to national averages, Boyne Falls has a median household income of $46,250 (38% below the national median of $75,149). Home values average $160,400, which is 35% below the national median. Monthly rent at $821 is 29% below the US average of $1,163. Within Michigan, Boyne Falls's income is 30% below the state average of $66,017, and home values are 13% below the state median of $183,391.
Why Live in Boyne Falls, MI?
Boyne Falls offers affordable housing with a median home value of $160,400, below the US average of $244,900, and rent that’s lower than the national average at $821/month, and short commute times averaging just 20.5 minutes.
Potential considerations include median household income ($46,250) that falls below the national average. However, Boyne Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Boyne Falls has a population of 315 with a median age of 42.9 years. Compare Boyne Falls with other cities to see how it stacks up, or explore all cities in Michigan.
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Demographics
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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 Boyne Falls
What is the population of Boyne Falls, MI?
The population of Boyne Falls, MI is 315 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 Boyne Falls?
The median household income in Boyne Falls, MI is $46,250 per year, which is 38% below the national median of $75,149.
What is the median home value in Boyne Falls?
The median home value in Boyne Falls, MI is $160,400, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boyne Falls?
The median monthly rent in Boyne Falls, MI is $821, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Boyne Falls?
The unemployment rate in Boyne Falls, MI is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Boyne Falls, MI a good place to live?
Boyne Falls offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 315 and a median age of 42.9, the city appeals to a broad range of residents.
How educated is Boyne Falls, MI?
8.8% of residents in Boyne Falls 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 Boyne Falls?
Key cost-of-living indicators for Boyne Falls, MI: median home value is $160,400 (35% below national), median rent is $821/month, and median household income is $46,250. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Boyne Falls?
The poverty rate in Boyne Falls, MI is 15.6%, 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 Boyne Falls, MI?
Boyne Falls's population is 0.6% White, 5.1% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 0.3% two or more races. 2.2% of residents are foreign-born.