Eagle River, MI
Population 77 · Michigan
About Eagle River, MI
Eagle River is a small community located in Michigan with a population of 77 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,250 per year, which is 18% below the national median of $75,149. The median age of 70.9 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 Eagle River features a median home value of $286,100, which is 17% above the national median of $244,900. This positions Eagle River in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 153 total housing units, 95% are owner-occupied (35 units) and 5% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Eagle River shows an unemployment rate of 28.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Eagle River have an average one-way commute time of 31.5 minutes.
Education & Demographics
46.1% of Eagle River residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.6% White, 5.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 10.4% of the population being foreign-born.
Cost of Living in Eagle River, MI
Compared to national averages, Eagle River has a median household income of $61,250 (18% below the national median of $75,149). Home values average $286,100, which is 17% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Eagle River's income is 7% below the state average of $66,017, and home values are 56% above the state median of $183,391.
Why Live in Eagle River, MI?
Eagle River offers rent that’s lower than the national average at $0/month, and a well-educated community where 46.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.8%, better than the national average.
Potential considerations include median household income ($61,250) that falls below the national average. However, Eagle River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Eagle River has a population of 77 with a median age of 70.9 years. Compare Eagle River with other cities to see how it stacks up, or explore all cities in Michigan.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Eagle River
What is the population of Eagle River, MI?
The population of Eagle River, MI is 77 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 Eagle River?
The median household income in Eagle River, MI is $61,250 per year, which is 18% below the national median of $75,149.
What is the median home value in Eagle River?
The median home value in Eagle River, MI is $286,100, which is 17% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eagle River?
The median monthly rent in Eagle River, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Eagle River?
The unemployment rate in Eagle River, MI is 28.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Eagle River, MI a good place to live?
Eagle River offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 77 and a median age of 70.9, the city appeals to established professionals and retirees.
How educated is Eagle River, MI?
46.1% of residents in Eagle River aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Eagle River?
Key cost-of-living indicators for Eagle River, MI: median home value is $286,100 (17% above national), median rent is $0/month, and median household income is $61,250. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Eagle River?
The poverty rate in Eagle River, MI is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Eagle River, MI?
Eagle River's population is 2.6% White, 5.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 10.4% of residents are foreign-born.