Lake Isabella, MI
Population 1,931 · Michigan
About Lake Isabella, MI
Lake Isabella is a small town located in Michigan with a population of 1,931 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,923 per year, which is 2% above the national median of $75,149. The median age of 46.6 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 Isabella features a median home value of $176,800, which is 28% below the national median of $244,900. This positions Lake Isabella in a moderately priced market relative to the rest of the country. Median monthly rent is $1,139, 2% below the national average of $1,163/month. Of the 1,028 total housing units, 96% are owner-occupied (701 units) and 4% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Isabella shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Isabella have an average one-way commute time of 25.8 minutes.
Education & Demographics
30.8% of Lake Isabella 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 3.5% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Lake Isabella, MI
Compared to national averages, Lake Isabella has a median household income of $76,923 (2% above the national median of $75,149). Home values average $176,800, which is 28% below the national median. Monthly rent at $1,139 is 2% below the US average of $1,163. Within Michigan, Lake Isabella's income is 17% above the state average of $66,017, and home values are 4% below the state median of $183,391.
Why Live in Lake Isabella, MI?
Lake Isabella offers a strong local economy with a median household income of $76,923, well above the national average, and affordable housing with a median home value of $176,800, below the US average of $244,900, and rent that’s lower than the national average at $1,139/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 7.8%, better than the national average.
Lake Isabella has a population of 1,931 with a median age of 46.6 years. Compare Lake Isabella with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Isabella
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hart | 1,931 | $55,066 | $119,700 | Compare |
| Caledonia | 1,936 | $114,167 | $325,100 | Compare |
| Sebewaing | 1,921 | $50,779 | $94,800 | Compare |
| Pinckney | 1,920 | $92,159 | $251,700 | Compare |
| L'Anse | 1,916 | $55,042 | $100,100 | Compare |
| Baraga | 1,948 | $39,297 | $101,000 | Compare |
| Munising | 1,907 | $54,375 | $112,300 | Compare |
| Capac | 1,903 | $61,000 | $141,300 | 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 Lake Isabella With Other Cities
Frequently Asked Questions about Lake Isabella
What is the population of Lake Isabella, MI?
The population of Lake Isabella, MI is 1,931 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 Lake Isabella?
The median household income in Lake Isabella, MI is $76,923 per year, which is 2% above the national median of $75,149.
What is the median home value in Lake Isabella?
The median home value in Lake Isabella, MI is $176,800, which is 28% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Isabella?
The median monthly rent in Lake Isabella, MI is $1,139, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Lake Isabella?
The unemployment rate in Lake Isabella, MI is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Isabella, MI a good place to live?
Lake Isabella offers above-average incomes, affordable housing, and a strong job market. With a population of 1,931 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Lake Isabella, MI?
30.8% of residents in Lake Isabella 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 Isabella?
Key cost-of-living indicators for Lake Isabella, MI: median home value is $176,800 (28% below national), median rent is $1,139/month, and median household income is $76,923. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Isabella?
The poverty rate in Lake Isabella, MI is 7.8%, 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 Isabella, MI?
Lake Isabella's population is 3.5% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.5% of residents are foreign-born.