Mackinac Island, MI
Population 663 · Michigan
About Mackinac Island, MI
Mackinac Island is a small community located in Michigan with a population of 663 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,125 per year, which is 33% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mackinac Island features a median home value of $834,600, which is 241% above the national median of $244,900. This places Mackinac Island in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,164, 0% above the national average of $1,163/month. Of the 833 total housing units, 49% are owner-occupied (99 units) and 51% are renter-occupied (105 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Mackinac Island shows an unemployment rate of 9.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.3%, above the national average of 12.4%. Workers in Mackinac Island have an average one-way commute time of 16.2 minutes, one of the shorter commutes in the region.
Education & Demographics
38.1% of Mackinac Island 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 11.9% White, 12.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 13.3% of the population being foreign-born.
Cost of Living in Mackinac Island, MI
Compared to national averages, Mackinac Island has a median household income of $100,125 (33% above the national median of $75,149). Home values average $834,600, which is 241% above the national median. Monthly rent at $1,164 is 0% above the US average of $1,163. Within Michigan, Mackinac Island's income is 52% above the state average of $66,017, and home values are 355% above the state median of $183,391.
Why Live in Mackinac Island, MI?
Mackinac Island offers a strong local economy with a median household income of $100,125, well above the national average, and a well-educated community where 38.1% of residents hold a bachelor’s degree or higher, and short commute times averaging just 16.2 minutes.
Potential considerations include a competitive housing market where the typical home costs $834,600. However, Mackinac Island’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mackinac Island has a population of 663 with a median age of 39.8 years. Compare Mackinac Island 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 Mackinac Island
What is the population of Mackinac Island, MI?
The population of Mackinac Island, MI is 663 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 Mackinac Island?
The median household income in Mackinac Island, MI is $100,125 per year, which is 33% above the national median of $75,149.
What is the median home value in Mackinac Island?
The median home value in Mackinac Island, MI is $834,600, which is 241% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Mackinac Island?
The median monthly rent in Mackinac Island, MI is $1,164, which is 0% above the national average of $1,163/month.
What is the unemployment rate in Mackinac Island?
The unemployment rate in Mackinac Island, MI is 9.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mackinac Island, MI a good place to live?
Mackinac Island offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 663 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Mackinac Island, MI?
38.1% of residents in Mackinac Island aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Mackinac Island?
Key cost-of-living indicators for Mackinac Island, MI: median home value is $834,600 (241% above national), median rent is $1,164/month, and median household income is $100,125. The home-value-to-income ratio is 8.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Mackinac Island?
The poverty rate in Mackinac Island, MI is 17.3%, 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 Mackinac Island, MI?
Mackinac Island's population is 11.9% White, 12.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 13.6% two or more races. 13.3% of residents are foreign-born.