Lake Gogebic, MI
Population 113 · Michigan
About Lake Gogebic, MI
Lake Gogebic is a small community located in Michigan with a population of 113 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,711 per year, which is 51% below the national median of $75,149. The median age of 50.6 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 Gogebic features a median home value of $0, which is 100% below the national median of $244,900. This makes Lake Gogebic 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 112 total housing units, 100% are owner-occupied (48 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Gogebic shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.9%, above the national average of 12.4%. Workers in Lake Gogebic have an average one-way commute time of 23.8 minutes.
Education & Demographics
8.1% of Lake Gogebic 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, 54.9% Hispanic or Latino, 1.8% Black or African American, and 2.7% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Gogebic, MI
Compared to national averages, Lake Gogebic has a median household income of $36,711 (51% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lake Gogebic's income is 44% below the state average of $66,017, and home values are 100% below the state median of $183,391.
Why Live in Lake Gogebic, MI?
Lake Gogebic offers affordable housing with a median home value of $0, 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 0.0%. Additionally, the city features short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($36,711) that falls below the national average. However, Lake Gogebic’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Gogebic has a population of 113 with a median age of 50.6 years. Compare Lake Gogebic 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 Lake Gogebic
What is the population of Lake Gogebic, MI?
The population of Lake Gogebic, MI is 113 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 Gogebic?
The median household income in Lake Gogebic, MI is $36,711 per year, which is 51% below the national median of $75,149.
What is the median home value in Lake Gogebic?
The median home value in Lake Gogebic, MI is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Gogebic?
The median monthly rent in Lake Gogebic, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Gogebic?
The unemployment rate in Lake Gogebic, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Gogebic, MI a good place to live?
Lake Gogebic offers a moderate cost of living, affordable housing, and a strong job market. With a population of 113 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Lake Gogebic, MI?
8.1% of residents in Lake Gogebic 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 Lake Gogebic?
Key cost-of-living indicators for Lake Gogebic, MI: median home value is $0 (100% below national), median rent is $0/month, and median household income is $36,711. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Gogebic?
The poverty rate in Lake Gogebic, MI is 15.9%, 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 Lake Gogebic, MI?
Lake Gogebic's population is 0.0% White, 54.9% Hispanic or Latino, 1.8% Black or African American, 2.7% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.