Carp Lake, MI
Population 407 · Michigan
About Carp Lake, MI
Carp Lake is a small community located in Michigan with a population of 407 residents according to the latest US Census Bureau American Community Survey data. The median household income is $27,318 per year, which is 64% below the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carp Lake features a median home value of $170,800, which is 30% below the national median of $244,900. This positions Carp Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $565, 51% below the national average of $1,163/month. Of the 447 total housing units, 68% are owner-occupied (105 units) and 32% are renter-occupied (50 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carp Lake shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 45.9%, above the national average of 12.4%. Workers in Carp Lake have an average one-way commute time of 22.2 minutes.
Education & Demographics
16.3% of Carp Lake 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 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Carp Lake Ranks in Michigan
Cost of Living in Carp Lake, MI
Compared to national averages, Carp Lake has a median household income of $27,318 (64% below the national median of $75,149). Home values average $170,800, which is 30% below the national median. Monthly rent at $565 is 51% below the US average of $1,163. Within Michigan, Carp Lake's income is 59% below the state average of $66,017, and home values are 7% below the state median of $183,391.
Why Live in Carp Lake, MI?
Carp Lake offers affordable housing with a median home value of $170,800, below the US average of $244,900, and rent that’s lower than the national average at $565/month, and short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($27,318) that falls below the national average. However, Carp Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carp Lake has a population of 407 with a median age of 40.3 years. Compare Carp Lake with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Carp Lake
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lost Lake Woods | 407 | $69,375 | $172,000 | Compare |
| Estral Beach | 406 | $63,462 | $207,900 | Compare |
| Barryton | 405 | $47,857 | $77,900 | Compare |
| Brethren | 405 | $42,434 | $104,500 | Compare |
| Palo | 409 | $34,403 | $92,600 | Compare |
| White Pine | 404 | $39,792 | $59,700 | Compare |
| Clarksville | 403 | $69,375 | $169,800 | Compare |
| Hanover | 413 | $68,333 | $142,700 | 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 Carp Lake With Other Cities
Frequently Asked Questions about Carp Lake
What is the population of Carp Lake, MI?
The population of Carp Lake, MI is 407 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 Carp Lake?
The median household income in Carp Lake, MI is $27,318 per year, which is 64% below the national median of $75,149.
What is the median home value in Carp Lake?
The median home value in Carp Lake, MI is $170,800, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carp Lake?
The median monthly rent in Carp Lake, MI is $565, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Carp Lake?
The unemployment rate in Carp Lake, MI is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carp Lake, MI a good place to live?
Carp Lake offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 407 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Carp Lake, MI?
16.3% of residents in Carp Lake 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 Carp Lake?
Key cost-of-living indicators for Carp Lake, MI: median home value is $170,800 (30% below national), median rent is $565/month, and median household income is $27,318. The home-value-to-income ratio is 6.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Carp Lake?
The poverty rate in Carp Lake, MI is 45.9%, 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 Carp Lake, MI?
Carp Lake's population is 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.