Caro, MI
Population 4,284 · Michigan
About Caro, MI
Caro is a small community in Michigan with a population of 4,284 residents. The median household income is $41,940 per year, which is below the national average. The median age in Caro is 40.6 years.
Housing in Caro has a median home value of $102,200 and median monthly rent of $728. Of the 2,004 total housing units, the majority are owner-occupied, with 1,152 owner-occupied and 688 renter-occupied units.
The unemployment rate in Caro is 11.7% and the poverty rate is 26.7%. 15.7% of residents hold a bachelor's degree or higher. The average commute time is 24.1 minutes.
Cost of Living in Caro, MI
Compared to national averages, Caro has a median household income of $41,940 (44% below the national median of $75,149). Home values average $102,200, which is 58% below the national median. Monthly rent at $728 is 37% below the US average of $1,163. Within Michigan, Caro's income is 36% below the state average of $66,017, and home values are 44% below the state median of $183,391.
Why Live in Caro, MI?
Caro offers affordable housing with a median home value of $102,200, below the US average of $244,900, and rent that’s lower than the national average at $728/month, and short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($41,940) that falls below the national average. However, Caro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Caro has a population of 4,284 with a median age of 40.6 years. Compare Caro with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Caro
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gaylord | 4,307 | $44,052 | $170,300 | Compare |
| Sparta | 4,260 | $55,474 | $190,100 | Compare |
| Buchanan | 4,259 | $54,068 | $138,400 | Compare |
| Middleville | 4,327 | $71,417 | $209,000 | Compare |
| Bloomfield Hills | 4,412 | $200,318 | $942,900 | 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 |
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 Caro
What is the population of Caro, MI?
The population of Caro, MI is 4,284 according to the latest Census data.
What is the median household income in Caro?
The median household income in Caro, MI is $41,940 per year.
What is the median home value in Caro?
The median home value in Caro, MI is $102,200.
What is the average rent in Caro?
The median monthly rent in Caro, MI is $728.
What is the unemployment rate in Caro?
The unemployment rate in Caro, MI is 11.7%.