Petersburg, MI
Population 1,261 · Michigan
About Petersburg, MI
Petersburg is a small community in Michigan with a population of 1,261 residents. The median household income is $76,071 per year, which is above the national average. The median age in Petersburg is 39.2 years.
Housing in Petersburg has a median home value of $197,100 and median monthly rent of $1,019. Of the 483 total housing units, the majority are owner-occupied, with 396 owner-occupied and 78 renter-occupied units.
The unemployment rate in Petersburg is 3.2% and the poverty rate is 4.0%. 18.2% of residents hold a bachelor's degree or higher. The average commute time is 28.3 minutes.
Cost of Living in Petersburg, MI
Compared to national averages, Petersburg has a median household income of $76,071 (1% above the national median of $75,149). Home values average $197,100, which is 20% below the national median. Monthly rent at $1,019 is 12% below the US average of $1,163. Within Michigan, Petersburg's income is 15% above the state average of $66,017, and home values are 7% above the state median of $183,391.
Why Live in Petersburg, MI?
Petersburg offers a strong local economy with a median household income of $76,071, well above the national average, and affordable housing with a median home value of $197,100, below the US average of $244,900, and rent that’s lower than the national average at $1,019/month. Additionally, the city features a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 4.0%, better than the national average.
Petersburg has a population of 1,261 with a median age of 39.2 years. Compare Petersburg with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Petersburg
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ontonagon | 1,266 | $46,806 | $92,100 | Compare |
| Gwinn | 1,268 | $52,609 | $94,000 | Compare |
| Schoolcraft | 1,268 | $82,813 | $208,300 | Compare |
| Fruitport | 1,269 | $80,769 | $193,200 | Compare |
| Edwardsburg | 1,244 | $53,661 | $115,400 | Compare |
| Reading | 1,241 | $48,804 | $103,300 | Compare |
| Onsted | 1,283 | $65,349 | $166,500 | Compare |
| Birch Run | 1,236 | $65,313 | $185,900 | 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.
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Frequently Asked Questions about Petersburg
What is the population of Petersburg, MI?
The population of Petersburg, MI is 1,261 according to the latest Census data.
What is the median household income in Petersburg?
The median household income in Petersburg, MI is $76,071 per year.
What is the median home value in Petersburg?
The median home value in Petersburg, MI is $197,100.
What is the average rent in Petersburg?
The median monthly rent in Petersburg, MI is $1,019.
What is the unemployment rate in Petersburg?
The unemployment rate in Petersburg, MI is 3.2%.