Indian River, MI
Population 2,210 · Michigan
About Indian River, MI
Indian River is a small town located in Michigan with a population of 2,210 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,750 per year, which is 19% below the national median of $75,149. The median age of 59 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 Indian River features a median home value of $218,000, which is 11% below the national median of $244,900. This positions Indian River in a moderately priced market relative to the rest of the country. Median monthly rent is $844, 27% below the national average of $1,163/month. Of the 2,043 total housing units, 81% are owner-occupied (905 units) and 19% are renter-occupied (219 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Indian River shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 16.0%, above the national average of 12.4%. Workers in Indian River have an average one-way commute time of 27.8 minutes.
Education & Demographics
40.8% of Indian River residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 2.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Indian River, MI
Compared to national averages, Indian River has a median household income of $60,750 (19% below the national median of $75,149). Home values average $218,000, which is 11% below the national median. Monthly rent at $844 is 27% below the US average of $1,163. Within Michigan, Indian River's income is 8% below the state average of $66,017, and home values are 19% above the state median of $183,391.
Why Live in Indian River, MI?
Indian River offers affordable housing with a median home value of $218,000, below the US average of $244,900, and rent that’s lower than the national average at $844/month, and a well-educated community where 40.8% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($60,750) that falls below the national average. However, Indian River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Indian River has a population of 2,210 with a median age of 59 years. Compare Indian River with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Indian River
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Perry | 2,198 | $73,468 | $144,400 | Compare |
| Constantine | 2,196 | $71,929 | $110,600 | Compare |
| Cass City | 2,189 | $55,500 | $102,300 | Compare |
| Detroit Beach | 2,231 | $73,478 | $163,400 | Compare |
| Bronson | 2,183 | $46,607 | $93,900 | Compare |
| West Branch | 2,177 | $40,078 | $114,300 | Compare |
| Lake Odessa | 2,174 | $71,157 | $150,300 | Compare |
| Leslie | 2,167 | $67,355 | $124,100 | 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 Indian River With Other Cities
Frequently Asked Questions about Indian River
What is the population of Indian River, MI?
The population of Indian River, MI is 2,210 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 Indian River?
The median household income in Indian River, MI is $60,750 per year, which is 19% below the national median of $75,149.
What is the median home value in Indian River?
The median home value in Indian River, MI is $218,000, which is 11% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Indian River?
The median monthly rent in Indian River, MI is $844, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Indian River?
The unemployment rate in Indian River, MI is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Indian River, MI a good place to live?
Indian River offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,210 and a median age of 59, the city appeals to established professionals and retirees.
How educated is Indian River, MI?
40.8% of residents in Indian 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 Indian River?
Key cost-of-living indicators for Indian River, MI: median home value is $218,000 (11% below national), median rent is $844/month, and median household income is $60,750. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Indian River?
The poverty rate in Indian River, MI is 16.0%, 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 Indian River, MI?
Indian River's population is 0.0% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.