Lake Ann, MI
Population 235 · Michigan
About Lake Ann, MI
Lake Ann is a small community located in Michigan with a population of 235 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,500 per year, which is 16% above the national median of $75,149. The median age of 45.4 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 Lake Ann features a median home value of $329,400, which is 35% above the national median of $244,900. This positions Lake Ann in a moderately priced market relative to the rest of the country. Median monthly rent is $1,219, 5% above the national average of $1,163/month. Of the 159 total housing units, 78% are owner-occupied (80 units) and 22% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Ann shows an unemployment rate of 6.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Ann have an average one-way commute time of 21.7 minutes.
Education & Demographics
36.1% of Lake Ann 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 9.4% of the population being foreign-born.
Cost of Living in Lake Ann, MI
Compared to national averages, Lake Ann has a median household income of $87,500 (16% above the national median of $75,149). Home values average $329,400, which is 35% above the national median. Monthly rent at $1,219 is 5% above the US average of $1,163. Within Michigan, Lake Ann's income is 33% above the state average of $66,017, and home values are 80% above the state median of $183,391.
Why Live in Lake Ann, MI?
Lake Ann offers a strong local economy with a median household income of $87,500, well above the national average, and a well-educated community where 36.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average. Additionally, the city features short commute times averaging just 21.7 minutes.
Lake Ann has a population of 235 with a median age of 45.4 years. Compare Lake Ann with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Ann
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burlington | 231 | $52,639 | $83,800 | Compare |
| De Tour Village | 231 | $41,250 | $213,000 | Compare |
| Omena | 240 | $113,611 | $542,700 | Compare |
| Rapid River | 230 | $39,375 | $105,600 | Compare |
| Beulah | 229 | $46,250 | $410,000 | Compare |
| Fountain | 229 | $47,500 | $100,000 | Compare |
| Copper City | 226 | $48,750 | $85,600 | Compare |
| Wolverine | 226 | $48,250 | $123,600 | 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.
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Frequently Asked Questions about Lake Ann
What is the population of Lake Ann, MI?
The population of Lake Ann, MI is 235 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 Lake Ann?
The median household income in Lake Ann, MI is $87,500 per year, which is 16% above the national median of $75,149.
What is the median home value in Lake Ann?
The median home value in Lake Ann, MI is $329,400, which is 35% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Ann?
The median monthly rent in Lake Ann, MI is $1,219, which is 5% above the national average of $1,163/month.
What is the unemployment rate in Lake Ann?
The unemployment rate in Lake Ann, MI is 6.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Ann, MI a good place to live?
Lake Ann offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 235 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Lake Ann, MI?
36.1% of residents in Lake Ann 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 Lake Ann?
Key cost-of-living indicators for Lake Ann, MI: median home value is $329,400 (35% above national), median rent is $1,219/month, and median household income is $87,500. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Lake Ann?
The poverty rate in Lake Ann, MI is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Ann, MI?
Lake Ann's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 6.4% two or more races. 9.4% of residents are foreign-born.