Lakeview, MI
Population 1,049 · Michigan
About Lakeview, MI
Lakeview is a small town located in Michigan with a population of 1,049 residents according to the latest US Census Bureau American Community Survey data. The median household income is $30,865 per year, which is 59% below the national median of $75,149. The median age of 31.9 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 Lakeview features a median home value of $152,900, which is 38% below the national median of $244,900. This positions Lakeview in a moderately priced market relative to the rest of the country. Median monthly rent is $507, 56% below the national average of $1,163/month. Of the 419 total housing units, 65% are owner-occupied (259 units) and 35% are renter-occupied (138 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lakeview shows an unemployment rate of 21.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 33.1%, above the national average of 12.4%. Workers in Lakeview have an average one-way commute time of 32.2 minutes.
Education & Demographics
10.4% of Lakeview 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 8.9% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
How Lakeview Ranks in Michigan
Cost of Living in Lakeview, MI
Compared to national averages, Lakeview has a median household income of $30,865 (59% below the national median of $75,149). Home values average $152,900, which is 38% below the national median. Monthly rent at $507 is 56% below the US average of $1,163. Within Michigan, Lakeview's income is 53% below the state average of $66,017, and home values are 17% below the state median of $183,391.
Why Live in Lakeview, MI?
Lakeview offers affordable housing with a median home value of $152,900, below the US average of $244,900, and rent that’s lower than the national average at $507/month.
Potential considerations include median household income ($30,865) that falls below the national average. However, Lakeview’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeview has a population of 1,049 with a median age of 31.9 years. Compare Lakeview with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lakeview
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brooklyn | 1,047 | $48,750 | $176,900 | Compare |
| Coloma | 1,051 | $62,778 | $160,400 | Compare |
| Lake Linden | 1,042 | $42,961 | $93,200 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Vineyard Lake | 1,038 | $83,636 | $266,900 | Compare |
| Beaverton | 1,036 | $31,625 | $102,900 | Compare |
| Roscommon | 1,029 | $54,375 | $81,600 | Compare |
| Dollar Bay | 1,070 | $63,500 | $196,200 | 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 Lakeview With Other Cities
Frequently Asked Questions about Lakeview
What is the population of Lakeview, MI?
The population of Lakeview, MI is 1,049 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 Lakeview?
The median household income in Lakeview, MI is $30,865 per year, which is 59% below the national median of $75,149.
What is the median home value in Lakeview?
The median home value in Lakeview, MI is $152,900, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakeview?
The median monthly rent in Lakeview, MI is $507, which is 56% below the national average of $1,163/month.
What is the unemployment rate in Lakeview?
The unemployment rate in Lakeview, MI is 21.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakeview, MI a good place to live?
Lakeview offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,049 and a median age of 31.9, the city appeals to young professionals and families.
How educated is Lakeview, MI?
10.4% of residents in Lakeview 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 Lakeview?
Key cost-of-living indicators for Lakeview, MI: median home value is $152,900 (38% below national), median rent is $507/month, and median household income is $30,865. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Lakeview?
The poverty rate in Lakeview, MI is 33.1%, 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 Lakeview, MI?
Lakeview's population is 8.9% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 17.4% two or more races. 0.5% of residents are foreign-born.