Martin, MI
Population 570 · Michigan
About Martin, MI
Martin is a small community located in Michigan with a population of 570 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,818 per year, which is 24% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Martin features a median home value of $161,700, which is 34% below the national median of $244,900. This positions Martin in a moderately priced market relative to the rest of the country. Median monthly rent is $339, 71% below the national average of $1,163/month. Of the 224 total housing units, 82% are owner-occupied (175 units) and 18% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Martin shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Martin have an average one-way commute time of 25.5 minutes.
Education & Demographics
9.6% of Martin 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 5.8% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 4.2% Asian residents, with 7.4% of the population being foreign-born.
How Martin Ranks in Michigan
Cost of Living in Martin, MI
Compared to national averages, Martin has a median household income of $56,818 (24% below the national median of $75,149). Home values average $161,700, which is 34% below the national median. Monthly rent at $339 is 71% below the US average of $1,163. Within Michigan, Martin's income is 14% below the state average of $66,017, and home values are 12% below the state median of $183,391.
Why Live in Martin, MI?
Martin offers affordable housing with a median home value of $161,700, below the US average of $244,900, and rent that’s lower than the national average at $339/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features a low poverty rate of 4.7%, better than the national average.
Potential considerations include median household income ($56,818) that falls below the national average. However, Martin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Martin has a population of 570 with a median age of 38.6 years. Compare Martin with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Martin
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bancroft | 571 | $80,000 | $117,000 | Compare |
| Tekonsha | 579 | $52,679 | $90,700 | Compare |
| Bay Port | 558 | $50,313 | $119,200 | Compare |
| Cement City | 584 | $50,750 | $100,900 | Compare |
| Addison | 585 | $53,056 | $132,700 | Compare |
| Trufant | 586 | $83,750 | $119,600 | Compare |
| Caspian | 553 | $36,750 | $69,400 | Compare |
| South Range | 587 | $54,583 | $85,300 | 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 Martin With Other Cities
Frequently Asked Questions about Martin
What is the population of Martin, MI?
The population of Martin, MI is 570 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 Martin?
The median household income in Martin, MI is $56,818 per year, which is 24% below the national median of $75,149.
What is the median home value in Martin?
The median home value in Martin, MI is $161,700, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Martin?
The median monthly rent in Martin, MI is $339, which is 71% below the national average of $1,163/month.
What is the unemployment rate in Martin?
The unemployment rate in Martin, MI is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Martin, MI a good place to live?
Martin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 570 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Martin, MI?
9.6% of residents in Martin 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 Martin?
Key cost-of-living indicators for Martin, MI: median home value is $161,700 (34% below national), median rent is $339/month, and median household income is $56,818. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Martin?
The poverty rate in Martin, MI is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Martin, MI?
Martin's population is 5.8% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 4.2% Asian, and 2.3% two or more races. 7.4% of residents are foreign-born.