Cheboygan, MI
Population 4,801 · Michigan
About Cheboygan, MI
Cheboygan is a small town located in Michigan with a population of 4,801 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,338 per year, which is 45% below the national median of $75,149. The median age of 42.1 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 Cheboygan features a median home value of $118,700, which is 52% below the national median of $244,900. This makes Cheboygan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $733, 37% below the national average of $1,163/month. Of the 2,338 total housing units, 65% are owner-occupied (1,301 units) and 35% are renter-occupied (707 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cheboygan shows an unemployment rate of 9.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.0%, above the national average of 12.4%. Workers in Cheboygan have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
16.9% of Cheboygan 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 0.9% White, 6.6% Hispanic or Latino, 0.2% Black or African American, and 1.2% Asian residents, with 3.5% of the population being foreign-born.
Cost of Living in Cheboygan, MI
Compared to national averages, Cheboygan has a median household income of $41,338 (45% below the national median of $75,149). Home values average $118,700, which is 52% below the national median. Monthly rent at $733 is 37% below the US average of $1,163. Within Michigan, Cheboygan's income is 37% below the state average of $66,017, and home values are 35% below the state median of $183,391.
Why Live in Cheboygan, MI?
Cheboygan offers affordable housing with a median home value of $118,700, below the US average of $244,900, and rent that’s lower than the national average at $733/month, and short commute times averaging just 18.6 minutes.
Potential considerations include median household income ($41,338) that falls below the national average. However, Cheboygan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cheboygan has a population of 4,801 with a median age of 42.1 years. Compare Cheboygan with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Cheboygan
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wolf Lake | 4,802 | $49,005 | $99,800 | Compare |
| DeWitt | 4,774 | $105,857 | $303,200 | Compare |
| Coopersville | 4,841 | $62,575 | $216,900 | Compare |
| Pearl Beach | 4,846 | $84,079 | $303,000 | Compare |
| Gibraltar | 4,937 | $88,682 | $212,300 | Compare |
| Negaunee | 4,641 | $70,483 | $156,400 | Compare |
| Michigan Center | 4,623 | $68,114 | $159,500 | Compare |
| Ironwood | 5,004 | $37,191 | $74,900 | 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 Cheboygan With Other Cities
Frequently Asked Questions about Cheboygan
What is the population of Cheboygan, MI?
The population of Cheboygan, MI is 4,801 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Cheboygan?
The median household income in Cheboygan, MI is $41,338 per year, which is 45% below the national median of $75,149.
What is the median home value in Cheboygan?
The median home value in Cheboygan, MI is $118,700, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cheboygan?
The median monthly rent in Cheboygan, MI is $733, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Cheboygan?
The unemployment rate in Cheboygan, MI is 9.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cheboygan, MI a good place to live?
Cheboygan offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 4,801 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Cheboygan, MI?
16.9% of residents in Cheboygan 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 Cheboygan?
Key cost-of-living indicators for Cheboygan, MI: median home value is $118,700 (52% below national), median rent is $733/month, and median household income is $41,338. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cheboygan?
The poverty rate in Cheboygan, MI is 19.0%, 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 Cheboygan, MI?
Cheboygan's population is 0.9% White, 6.6% Hispanic or Latino, 0.2% Black or African American, 1.2% Asian, and 3.1% two or more races. 3.5% of residents are foreign-born.