Buchanan, MI
Population 4,259 · Michigan
About Buchanan, MI
Buchanan is a small community in Michigan with a population of 4,259 residents. The median household income is $54,068 per year, which is near the national average. The median age in Buchanan is 32.9 years.
Housing in Buchanan has a median home value of $138,400 and median monthly rent of $952. Of the 2,112 total housing units, the majority are owner-occupied, with 997 owner-occupied and 783 renter-occupied units.
The unemployment rate in Buchanan is 4.2% and the poverty rate is 6.7%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 19.3 minutes.
Cost of Living in Buchanan, MI
Compared to national averages, Buchanan has a median household income of $54,068 (28% below the national median of $75,149). Home values average $138,400, which is 43% below the national median. Monthly rent at $952 is 18% below the US average of $1,163. Within Michigan, Buchanan's income is 18% below the state average of $66,017, and home values are 25% below the state median of $183,391.
Why Live in Buchanan, MI?
Buchanan offers affordable housing with a median home value of $138,400, below the US average of $244,900, and rent that’s lower than the national average at $952/month, and a low poverty rate of 6.7%, better than the national average. Additionally, the city features short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($54,068) that falls below the national average. However, Buchanan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buchanan has a population of 4,259 with a median age of 32.9 years. Compare Buchanan with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Buchanan
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sparta | 4,260 | $55,474 | $190,100 | Compare |
| Caro | 4,284 | $41,940 | $102,200 | Compare |
| Gaylord | 4,307 | $44,052 | $170,300 | Compare |
| Middleville | 4,327 | $71,417 | $209,000 | Compare |
| Algonac | 4,152 | $49,738 | $177,200 | Compare |
| Linden | 4,150 | $77,434 | $232,300 | Compare |
| Roosevelt Park | 4,148 | $60,938 | $178,600 | Compare |
| Lowell | 4,133 | $71,406 | $231,100 | 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 Buchanan
What is the population of Buchanan, MI?
The population of Buchanan, MI is 4,259 according to the latest Census data.
What is the median household income in Buchanan?
The median household income in Buchanan, MI is $54,068 per year.
What is the median home value in Buchanan?
The median home value in Buchanan, MI is $138,400.
What is the average rent in Buchanan?
The median monthly rent in Buchanan, MI is $952.
What is the unemployment rate in Buchanan?
The unemployment rate in Buchanan, MI is 4.2%.