Lake Leelanau, MI
Population 223 · Michigan
About Lake Leelanau, MI
Lake Leelanau is a small community located in Michigan with a population of 223 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,500 per year, which is 19% below the national median of $75,149. The median age of 17.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake Leelanau features a median home value of $307,700, which is 26% above the national median of $244,900. This positions Lake Leelanau in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 77 total housing units, 94% are owner-occupied (58 units) and 6% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Leelanau 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 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Leelanau have an average one-way commute time of 21.4 minutes.
Education & Demographics
27.9% of Lake Leelanau 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 0.0% of the population being foreign-born.
Cost of Living in Lake Leelanau, MI
Compared to national averages, Lake Leelanau has a median household income of $60,500 (19% below the national median of $75,149). Home values average $307,700, which is 26% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lake Leelanau's income is 8% below the state average of $66,017, and home values are 68% above the state median of $183,391.
Why Live in Lake Leelanau, MI?
Lake Leelanau offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 1.8%, better than the national average. Additionally, the city features short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($60,500) that falls below the national average. However, Lake Leelanau’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Leelanau has a population of 223 with a median age of 17.6 years. Compare Lake Leelanau 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 Leelanau
What is the population of Lake Leelanau, MI?
The population of Lake Leelanau, MI is 223 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 Leelanau?
The median household income in Lake Leelanau, MI is $60,500 per year, which is 19% below the national median of $75,149.
What is the median home value in Lake Leelanau?
The median home value in Lake Leelanau, MI is $307,700, which is 26% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Leelanau?
The median monthly rent in Lake Leelanau, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Leelanau?
The unemployment rate in Lake Leelanau, 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 Leelanau, MI a good place to live?
Lake Leelanau offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 223 and a median age of 17.6, the city appeals to young professionals and families.
How educated is Lake Leelanau, MI?
27.9% of residents in Lake Leelanau 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 Leelanau?
Key cost-of-living indicators for Lake Leelanau, MI: median home value is $307,700 (26% above national), median rent is $0/month, and median household income is $60,500. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Lake Leelanau?
The poverty rate in Lake Leelanau, MI is 1.8%, 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 Leelanau, MI?
Lake Leelanau's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.