Millers Lake, MI
Population 505 · Michigan
About Millers Lake, MI
Millers Lake is a small community located in Michigan with a population of 505 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,068 per year, which is 9% below the national median of $75,149. The median age of 14.8 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 Millers Lake features a median home value of $216,000, which is 12% below the national median of $244,900. This positions Millers 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 319 total housing units, 100% are owner-occupied (204 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Millers 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 20.2%, above the national average of 12.4%. Workers in Millers Lake have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
59.5% of Millers Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Millers Lake Ranks in Michigan
Cost of Living in Millers Lake, MI
Compared to national averages, Millers Lake has a median household income of $68,068 (9% below the national median of $75,149). Home values average $216,000, which is 12% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Millers Lake's income is 3% above the state average of $66,017, and home values are 18% above the state median of $183,391.
Why Live in Millers Lake, MI?
Millers Lake offers affordable housing with a median home value of $216,000, 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%. Additionally, the city features a well-educated community where 59.5% of residents hold a bachelor’s degree or higher, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($68,068) that falls below the national average. However, Millers Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millers Lake has a population of 505 with a median age of 14.8 years. Compare Millers Lake with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Millers Lake
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eau Claire | 507 | $62,500 | $130,000 | Compare |
| Thompsonville | 508 | $62,083 | $100,700 | Compare |
| Mecosta | 509 | $70,069 | $92,200 | Compare |
| Pewamo | 511 | $76,250 | $179,500 | Compare |
| Shaftsburg | 498 | $90,054 | $235,900 | Compare |
| Atlantic Mine | 513 | $47,361 | $90,000 | Compare |
| Fairgrove | 492 | $37,500 | $75,600 | Compare |
| Oden | 492 | $61,132 | $123,000 | 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 Millers Lake With Other Cities
Frequently Asked Questions about Millers Lake
What is the population of Millers Lake, MI?
The population of Millers Lake, MI is 505 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 Millers Lake?
The median household income in Millers Lake, MI is $68,068 per year, which is 9% below the national median of $75,149.
What is the median home value in Millers Lake?
The median home value in Millers Lake, MI is $216,000, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Millers Lake?
The median monthly rent in Millers Lake, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Millers Lake?
The unemployment rate in Millers 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 Millers Lake, MI a good place to live?
Millers Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 505 and a median age of 14.8, the city appeals to young professionals and families.
How educated is Millers Lake, MI?
59.5% of residents in Millers Lake 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 Millers Lake?
Key cost-of-living indicators for Millers Lake, MI: median home value is $216,000 (12% below national), median rent is $0/month, and median household income is $68,068. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Millers Lake?
The poverty rate in Millers Lake, MI is 20.2%, 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 Millers Lake, MI?
Millers Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.