Otter Lake, MI
Population 387 · Michigan
About Otter Lake, MI
Otter Lake is a small community in Michigan with a population of 387 residents. The median household income is $43,750 per year, which is below the national average. The median age in Otter Lake is 53.8 years.
Housing in Otter Lake has a median home value of $107,700 and median monthly rent of $0. Of the 308 total housing units, the majority are owner-occupied, with 171 owner-occupied and 17 renter-occupied units.
The unemployment rate in Otter Lake is 6.6% and the poverty rate is 10.9%. 9.4% of residents hold a bachelor's degree or higher. The average commute time is 36.9 minutes.
Cost of Living in Otter Lake, MI
Compared to national averages, Otter Lake has a median household income of $43,750 (42% below the national median of $75,149). Home values average $107,700, which is 56% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Otter Lake's income is 34% below the state average of $66,017, and home values are 41% below the state median of $183,391.
Why Live in Otter Lake, MI?
Otter Lake offers affordable housing with a median home value of $107,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 10.9%, better than the national average.
Potential considerations include median household income ($43,750) that falls below the national average. However, Otter Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Otter Lake has a population of 387 with a median age of 53.8 years. Compare Otter Lake 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 Otter Lake
What is the population of Otter Lake, MI?
The population of Otter Lake, MI is 387 according to the latest Census data.
What is the median household income in Otter Lake?
The median household income in Otter Lake, MI is $43,750 per year.
What is the median home value in Otter Lake?
The median home value in Otter Lake, MI is $107,700.
What is the average rent in Otter Lake?
The median monthly rent in Otter Lake, MI is $0.
What is the unemployment rate in Otter Lake?
The unemployment rate in Otter Lake, MI is 6.6%.