Canadian Lakes, MI
Population 2,701 · Michigan
About Canadian Lakes, MI
Canadian Lakes is a small community in Michigan with a population of 2,701 residents. The median household income is $69,069 per year, which is near the national average. The median age in Canadian Lakes is 65.4 years.
Housing in Canadian Lakes has a median home value of $258,900 and median monthly rent of $800. Of the 2,360 total housing units, the majority are owner-occupied, with 1,277 owner-occupied and 152 renter-occupied units.
The unemployment rate in Canadian Lakes is 1.6% and the poverty rate is 13.3%. 34.7% of residents hold a bachelor's degree or higher. The average commute time is 32.3 minutes.
Cost of Living in Canadian Lakes, MI
Compared to national averages, Canadian Lakes has a median household income of $69,069 (8% below the national median of $75,149). Home values average $258,900, which is 6% above the national median. Monthly rent at $800 is 31% below the US average of $1,163. Within Michigan, Canadian Lakes's income is 5% above the state average of $66,017, and home values are 41% above the state median of $183,391.
Why Live in Canadian Lakes, MI?
Canadian Lakes offers rent that’s lower than the national average at $800/month, and a strong job market with an unemployment rate of just 1.6%, and a well-educated community where 34.7% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($69,069) that falls below the national average. However, Canadian Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Canadian Lakes has a population of 2,701 with a median age of 65.4 years. Compare Canadian Lakes with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Canadian Lakes
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vassar | 2,704 | $61,827 | $134,600 | Compare |
| Sandusky | 2,692 | $60,625 | $112,300 | Compare |
| West Ishpeming | 2,714 | $80,500 | $166,100 | Compare |
| East Tawas | 2,686 | $41,619 | $114,400 | Compare |
| Croswell | 2,667 | $55,101 | $136,500 | Compare |
| Beechwood | 2,736 | $68,484 | $231,500 | Compare |
| Keego Harbor | 2,747 | $70,185 | $246,300 | Compare |
| West Monroe | 2,753 | $50,099 | $94,000 | 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 Canadian Lakes
What is the population of Canadian Lakes, MI?
The population of Canadian Lakes, MI is 2,701 according to the latest Census data.
What is the median household income in Canadian Lakes?
The median household income in Canadian Lakes, MI is $69,069 per year.
What is the median home value in Canadian Lakes?
The median home value in Canadian Lakes, MI is $258,900.
What is the average rent in Canadian Lakes?
The median monthly rent in Canadian Lakes, MI is $800.
What is the unemployment rate in Canadian Lakes?
The unemployment rate in Canadian Lakes, MI is 1.6%.