Manistee Lake, MI
Population 364 · Michigan
About Manistee Lake, MI
Manistee Lake is a small community located in Michigan with a population of 364 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,917 per year, which is 30% below the national median of $75,149. The median age of 55.7 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 Manistee Lake features a median home value of $153,600, which is 37% below the national median of $244,900. This positions Manistee Lake 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 508 total housing units, 87% are owner-occupied (172 units) and 13% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Manistee Lake 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 14.0%, above the national average of 12.4%. Workers in Manistee Lake have an average one-way commute time of 61.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
23.9% of Manistee Lake 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, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Manistee Lake, MI
Compared to national averages, Manistee Lake has a median household income of $52,917 (30% below the national median of $75,149). Home values average $153,600, which is 37% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Manistee Lake's income is 20% below the state average of $66,017, and home values are 16% below the state median of $183,391.
Why Live in Manistee Lake, MI?
Manistee Lake offers affordable housing with a median home value of $153,600, 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 0.0%.
Potential considerations include median household income ($52,917) that falls below the national average. However, Manistee Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Manistee Lake has a population of 364 with a median age of 55.7 years. Compare Manistee Lake with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Manistee Lake
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grand Beach | 368 | $115,000 | $1,081,700 | Compare |
| Eastport | 369 | $54,457 | $506,900 | Compare |
| Fife Lake | 359 | $67,188 | $185,200 | Compare |
| Leonard | 359 | $91,250 | $243,800 | Compare |
| Vandalia | 369 | $65,000 | $64,200 | Compare |
| Jasper | 358 | $54,643 | $124,100 | Compare |
| Powers | 370 | $35,417 | $92,900 | Compare |
| Advance | 372 | $93,438 | $549,600 | 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 Manistee Lake With Other Cities
Frequently Asked Questions about Manistee Lake
What is the population of Manistee Lake, MI?
The population of Manistee Lake, MI is 364 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 Manistee Lake?
The median household income in Manistee Lake, MI is $52,917 per year, which is 30% below the national median of $75,149.
What is the median home value in Manistee Lake?
The median home value in Manistee Lake, MI is $153,600, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Manistee Lake?
The median monthly rent in Manistee Lake, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Manistee Lake?
The unemployment rate in Manistee Lake, 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 Manistee Lake, MI a good place to live?
Manistee Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 364 and a median age of 55.7, the city appeals to established professionals and retirees.
How educated is Manistee Lake, MI?
23.9% of residents in Manistee Lake 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 Manistee Lake?
Key cost-of-living indicators for Manistee Lake, MI: median home value is $153,600 (37% below national), median rent is $0/month, and median household income is $52,917. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Manistee Lake?
The poverty rate in Manistee Lake, MI is 14.0%, 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 Manistee Lake, MI?
Manistee Lake's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.