Eaton Rapids, MI
Population 5,197 · Michigan
About Eaton Rapids, MI
Eaton Rapids is a small town located in Michigan with a population of 5,197 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,618 per year, which is 15% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Eaton Rapids features a median home value of $140,600, which is 43% below the national median of $244,900. This makes Eaton Rapids one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $944, 19% below the national average of $1,163/month. Of the 2,298 total housing units, 64% are owner-occupied (1,376 units) and 36% are renter-occupied (767 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Eaton Rapids shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Eaton Rapids have an average one-way commute time of 27.1 minutes.
Education & Demographics
17.7% of Eaton Rapids 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 5.5% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.5% of the population being foreign-born.
How Eaton Rapids Ranks in Michigan
Cost of Living in Eaton Rapids, MI
Compared to national averages, Eaton Rapids has a median household income of $63,618 (15% below the national median of $75,149). Home values average $140,600, which is 43% below the national median. Monthly rent at $944 is 19% below the US average of $1,163. Within Michigan, Eaton Rapids's income is 4% below the state average of $66,017, and home values are 23% below the state median of $183,391.
Why Live in Eaton Rapids, MI?
Eaton Rapids offers affordable housing with a median home value of $140,600, below the US average of $244,900, and rent that’s lower than the national average at $944/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 10.2%, better than the national average.
Potential considerations include median household income ($63,618) that falls below the national average. However, Eaton Rapids’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Eaton Rapids has a population of 5,197 with a median age of 40.2 years. Compare Eaton Rapids with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Eaton Rapids
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Comstock Northwest | 5,190 | $73,290 | $233,100 | Compare |
| Utica | 5,184 | $55,524 | $216,800 | Compare |
| Allegan | 5,182 | $42,261 | $161,100 | Compare |
| Gladstone | 5,240 | $57,534 | $111,700 | Compare |
| Kingsford | 5,138 | $61,108 | $110,600 | Compare |
| Frankenmuth | 5,108 | $84,583 | $277,600 | Compare |
| Springfield | 5,295 | $43,681 | $105,300 | Compare |
| Davison | 5,082 | $50,450 | $166,100 | 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 Eaton Rapids With Other Cities
Frequently Asked Questions about Eaton Rapids
What is the population of Eaton Rapids, MI?
The population of Eaton Rapids, MI is 5,197 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 Eaton Rapids?
The median household income in Eaton Rapids, MI is $63,618 per year, which is 15% below the national median of $75,149.
What is the median home value in Eaton Rapids?
The median home value in Eaton Rapids, MI is $140,600, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eaton Rapids?
The median monthly rent in Eaton Rapids, MI is $944, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Eaton Rapids?
The unemployment rate in Eaton Rapids, MI is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Eaton Rapids, MI a good place to live?
Eaton Rapids offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,197 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Eaton Rapids, MI?
17.7% of residents in Eaton Rapids 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 Eaton Rapids?
Key cost-of-living indicators for Eaton Rapids, MI: median home value is $140,600 (43% below national), median rent is $944/month, and median household income is $63,618. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Eaton Rapids?
The poverty rate in Eaton Rapids, MI is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Eaton Rapids, MI?
Eaton Rapids's population is 5.5% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.