Lakeport, MI
Population 746 · Michigan
About Lakeport, MI
Lakeport is a small community in Michigan with a population of 746 residents. The median household income is $55,167 per year, which is near the national average. The median age in Lakeport is 43.5 years.
Housing in Lakeport has a median home value of $172,000 and median monthly rent of $1,162. Of the 478 total housing units, the majority are owner-occupied, with 296 owner-occupied and 46 renter-occupied units.
The unemployment rate in Lakeport is 2.3% and the poverty rate is 15.6%. 42.6% of residents hold a bachelor's degree or higher. The average commute time is 21.9 minutes.
Cost of Living in Lakeport, MI
Compared to national averages, Lakeport has a median household income of $55,167 (27% below the national median of $75,149). Home values average $172,000, which is 30% below the national median. Monthly rent at $1,162 is 0% below the US average of $1,163. Within Michigan, Lakeport's income is 16% below the state average of $66,017, and home values are 6% below the state median of $183,391.
Why Live in Lakeport, MI?
Lakeport offers affordable housing with a median home value of $172,000, below the US average of $244,900, and rent that’s lower than the national average at $1,162/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a well-educated community where 42.6% of residents hold a bachelor’s degree or higher, and short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($55,167) that falls below the national average. However, Lakeport’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeport has a population of 746 with a median age of 43.5 years. Compare Lakeport with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lakeport
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sanford | 743 | $69,667 | $165,800 | Compare |
| Hillman | 750 | $41,000 | $93,200 | Compare |
| Saugatuck | 751 | $118,309 | $619,400 | Compare |
| Benzonia | 735 | $61,161 | $195,800 | Compare |
| Hardwood Acres | 735 | $107,128 | $240,500 | Compare |
| Oscoda | 757 | $37,188 | $71,800 | Compare |
| Columbiaville | 734 | $58,250 | $122,000 | Compare |
| Metamora | 761 | $84,453 | $264,500 | 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 Lakeport
What is the population of Lakeport, MI?
The population of Lakeport, MI is 746 according to the latest Census data.
What is the median household income in Lakeport?
The median household income in Lakeport, MI is $55,167 per year.
What is the median home value in Lakeport?
The median home value in Lakeport, MI is $172,000.
What is the average rent in Lakeport?
The median monthly rent in Lakeport, MI is $1,162.
What is the unemployment rate in Lakeport?
The unemployment rate in Lakeport, MI is 2.3%.