Lakes of the North, MI
Population 1,076 · Michigan
About Lakes of the North, MI
Lakes of the North is a small town located in Michigan with a population of 1,076 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,536 per year, which is 13% below the national median of $75,149. The median age of 54.7 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 Lakes of the North features a median home value of $169,600, which is 31% below the national median of $244,900. This positions Lakes of the North 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 1,228 total housing units, 93% are owner-occupied (488 units) and 7% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakes of the North 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 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakes of the North have an average one-way commute time of 33.2 minutes.
Education & Demographics
25.6% of Lakes of the North 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 0.8% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Lakes of the North, MI
Compared to national averages, Lakes of the North has a median household income of $65,536 (13% below the national median of $75,149). Home values average $169,600, which is 31% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lakes of the North's income is 1% below the state average of $66,017, and home values are 8% below the state median of $183,391.
Why Live in Lakes of the North, MI?
Lakes of the North offers affordable housing with a median home value of $169,600, 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 3.1%. Additionally, the city features a low poverty rate of 9.9%, better than the national average.
Potential considerations include median household income ($65,536) that falls below the national average. However, Lakes of the North’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakes of the North has a population of 1,076 with a median age of 54.7 years. Compare Lakes of the North with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lakes of the North
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lamont | 1,078 | $158,456 | $469,200 | Compare |
| Fostoria | 1,081 | $95,491 | $140,400 | Compare |
| Dollar Bay | 1,070 | $63,500 | $196,200 | Compare |
| Farwell | 1,086 | $40,667 | $95,800 | Compare |
| Pigeon | 1,093 | $49,500 | $108,100 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Coloma | 1,051 | $62,778 | $160,400 | Compare |
| Lakeview | 1,049 | $30,865 | $152,900 | 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 Lakes of the North With Other Cities
Frequently Asked Questions about Lakes of the North
What is the population of Lakes of the North, MI?
The population of Lakes of the North, MI is 1,076 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 Lakes of the North?
The median household income in Lakes of the North, MI is $65,536 per year, which is 13% below the national median of $75,149.
What is the median home value in Lakes of the North?
The median home value in Lakes of the North, MI is $169,600, which is 31% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakes of the North?
The median monthly rent in Lakes of the North, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakes of the North?
The unemployment rate in Lakes of the North, 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 Lakes of the North, MI a good place to live?
Lakes of the North offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,076 and a median age of 54.7, the city appeals to established professionals and retirees.
How educated is Lakes of the North, MI?
25.6% of residents in Lakes of the North 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 Lakes of the North?
Key cost-of-living indicators for Lakes of the North, MI: median home value is $169,600 (31% below national), median rent is $0/month, and median household income is $65,536. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakes of the North?
The poverty rate in Lakes of the North, MI is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakes of the North, MI?
Lakes of the North's population is 0.8% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.