Eastlake, MI
Population 304 · Michigan
About Eastlake, MI
Eastlake is a small community located in Michigan with a population of 304 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,139 per year, which is 33% below the national median of $75,149. The median age of 61.7 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 Eastlake features a median home value of $117,900, which is 52% below the national median of $244,900. This makes Eastlake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 209 total housing units, 96% are owner-occupied (147 units) and 4% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Eastlake shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Eastlake have an average one-way commute time of 19.4 minutes, one of the shorter commutes in the region.
Education & Demographics
11.6% of Eastlake 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, 9.9% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Eastlake, MI
Compared to national averages, Eastlake has a median household income of $50,139 (33% below the national median of $75,149). Home values average $117,900, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Eastlake's income is 24% below the state average of $66,017, and home values are 36% below the state median of $183,391.
Why Live in Eastlake, MI?
Eastlake offers affordable housing with a median home value of $117,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.2%. Additionally, the city features a low poverty rate of 6.6%, better than the national average, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($50,139) that falls below the national average. However, Eastlake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Eastlake has a population of 304 with a median age of 61.7 years. Compare Eastlake with other cities to see how it stacks up, or explore all cities in Michigan.
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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 Eastlake
What is the population of Eastlake, MI?
The population of Eastlake, MI is 304 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 Eastlake?
The median household income in Eastlake, MI is $50,139 per year, which is 33% below the national median of $75,149.
What is the median home value in Eastlake?
The median home value in Eastlake, MI is $117,900, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eastlake?
The median monthly rent in Eastlake, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Eastlake?
The unemployment rate in Eastlake, MI is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Eastlake, MI a good place to live?
Eastlake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 304 and a median age of 61.7, the city appeals to established professionals and retirees.
How educated is Eastlake, MI?
11.6% of residents in Eastlake 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 Eastlake?
Key cost-of-living indicators for Eastlake, MI: median home value is $117,900 (52% below national), median rent is $0/month, and median household income is $50,139. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Eastlake?
The poverty rate in Eastlake, MI is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Eastlake, MI?
Eastlake's population is 0.0% White, 9.9% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.7% two or more races. 0.7% of residents are foreign-born.