Eastwood, MI
Population 6,704 · Michigan
About Eastwood, MI
Eastwood is a small town located in Michigan with a population of 6,704 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,054 per year, which is 33% below the national median of $75,149. The median age of 33.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Eastwood features a median home value of $133,800, which is 45% below the national median of $244,900. This makes Eastwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,028, 12% below the national average of $1,163/month. Of the 3,088 total housing units, 58% are owner-occupied (1,674 units) and 42% are renter-occupied (1,205 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Eastwood shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Eastwood have an average one-way commute time of 22.4 minutes.
Education & Demographics
19.7% of Eastwood 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 10.9% White, 2.5% Hispanic or Latino, 0.1% Black or African American, and 0.0% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in Eastwood, MI
Compared to national averages, Eastwood has a median household income of $50,054 (33% below the national median of $75,149). Home values average $133,800, which is 45% below the national median. Monthly rent at $1,028 is 12% below the US average of $1,163. Within Michigan, Eastwood's income is 24% below the state average of $66,017, and home values are 27% below the state median of $183,391.
Why Live in Eastwood, MI?
Eastwood offers affordable housing with a median home value of $133,800, below the US average of $244,900, and rent that’s lower than the national average at $1,028/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 22.4 minutes.
Potential considerations include median household income ($50,054) that falls below the national average. However, Eastwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Eastwood has a population of 6,704 with a median age of 33.2 years. Compare Eastwood with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Eastwood
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Monroe | 6,771 | $59,674 | $176,900 | Compare |
| Marshall | 6,797 | $75,220 | $169,800 | Compare |
| Byron Center | 6,817 | $112,324 | $359,400 | Compare |
| Bridgeport | 6,841 | $47,325 | $91,400 | Compare |
| St. Louis | 6,926 | $46,096 | $115,700 | Compare |
| Milford | 6,467 | $102,521 | $348,600 | Compare |
| Fair Plain | 6,992 | $55,536 | $147,800 | Compare |
| New Haven | 6,341 | $68,203 | $207,600 | 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.
Compare Eastwood With Other Cities
Frequently Asked Questions about Eastwood
What is the population of Eastwood, MI?
The population of Eastwood, MI is 6,704 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 Eastwood?
The median household income in Eastwood, MI is $50,054 per year, which is 33% below the national median of $75,149.
What is the median home value in Eastwood?
The median home value in Eastwood, MI is $133,800, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eastwood?
The median monthly rent in Eastwood, MI is $1,028, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Eastwood?
The unemployment rate in Eastwood, MI is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Eastwood, MI a good place to live?
Eastwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 6,704 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Eastwood, MI?
19.7% of residents in Eastwood 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 Eastwood?
Key cost-of-living indicators for Eastwood, MI: median home value is $133,800 (45% below national), median rent is $1,028/month, and median household income is $50,054. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Eastwood?
The poverty rate in Eastwood, MI is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Eastwood, MI?
Eastwood's population is 10.9% White, 2.5% Hispanic or Latino, 0.1% Black or African American, 0.0% Asian, and 27.6% two or more races. 4.7% of residents are foreign-born.