Mio, MI
Population 1,504 · Michigan
About Mio, MI
Mio is a small town located in Michigan with a population of 1,504 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,578 per year, which is 37% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mio features a median home value of $96,600, which is 61% below the national median of $244,900. This makes Mio one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $545, 53% below the national average of $1,163/month. Of the 997 total housing units, 77% are owner-occupied (502 units) and 23% are renter-occupied (154 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mio shows an unemployment rate of 13.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.5%, above the national average of 12.4%. Workers in Mio have an average one-way commute time of 31.8 minutes.
Education & Demographics
21.4% of Mio 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 2.4% White, 2.3% Hispanic or Latino, 0.3% Black or African American, and 0.2% Asian residents, with 1.5% of the population being foreign-born.
How Mio Ranks in Michigan
Cost of Living in Mio, MI
Compared to national averages, Mio has a median household income of $47,578 (37% below the national median of $75,149). Home values average $96,600, which is 61% below the national median. Monthly rent at $545 is 53% below the US average of $1,163. Within Michigan, Mio's income is 28% below the state average of $66,017, and home values are 47% below the state median of $183,391.
Why Live in Mio, MI?
Mio offers affordable housing with a median home value of $96,600, below the US average of $244,900, and rent that’s lower than the national average at $545/month.
Potential considerations include median household income ($47,578) that falls below the national average. However, Mio’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mio has a population of 1,504 with a median age of 38.2 years. Compare Mio with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Mio
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mancelona | 1,496 | $50,430 | $123,900 | Compare |
| Quincy | 1,487 | $59,079 | $111,800 | Compare |
| Lake LeAnn | 1,522 | $85,417 | $258,400 | Compare |
| Laurium | 1,486 | $42,206 | $87,600 | Compare |
| Ravenna | 1,472 | $73,233 | $191,300 | Compare |
| Shorewood-Tower Hills-Harbert | 1,468 | $80,642 | $296,000 | Compare |
| Newberry | 1,453 | $49,758 | $65,800 | Compare |
| Elk Rapids | 1,558 | $78,472 | $348,400 | 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 Mio With Other Cities
Frequently Asked Questions about Mio
What is the population of Mio, MI?
The population of Mio, MI is 1,504 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 Mio?
The median household income in Mio, MI is $47,578 per year, which is 37% below the national median of $75,149.
What is the median home value in Mio?
The median home value in Mio, MI is $96,600, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mio?
The median monthly rent in Mio, MI is $545, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Mio?
The unemployment rate in Mio, MI is 13.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mio, MI a good place to live?
Mio offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,504 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Mio, MI?
21.4% of residents in Mio 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 Mio?
Key cost-of-living indicators for Mio, MI: median home value is $96,600 (61% below national), median rent is $545/month, and median household income is $47,578. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mio?
The poverty rate in Mio, MI is 20.5%, 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 Mio, MI?
Mio's population is 2.4% White, 2.3% Hispanic or Latino, 0.3% Black or African American, 0.2% Asian, and 0.9% two or more races. 1.5% of residents are foreign-born.