Rapid River, MI
Population 230 · Michigan
About Rapid River, MI
Rapid River is a small community in Michigan with a population of 230 residents. The median household income is $39,375 per year, which is below the national average. The median age in Rapid River is 41.4 years.
Housing in Rapid River has a median home value of $105,600 and median monthly rent of $0. Of the 109 total housing units, the majority are owner-occupied, with 84 owner-occupied and 17 renter-occupied units.
The unemployment rate in Rapid River is 3.2% and the poverty rate is 9.6%. 11.2% of residents hold a bachelor's degree or higher. The average commute time is 28 minutes.
Cost of Living in Rapid River, MI
Compared to national averages, Rapid River has a median household income of $39,375 (48% below the national median of $75,149). Home values average $105,600, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Rapid River's income is 40% below the state average of $66,017, and home values are 42% below the state median of $183,391.
Why Live in Rapid River, MI?
Rapid River offers affordable housing with a median home value of $105,600, 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 3.2%. Additionally, the city features a low poverty rate of 9.6%, better than the national average.
Potential considerations include median household income ($39,375) that falls below the national average. However, Rapid River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rapid River has a population of 230 with a median age of 41.4 years. Compare Rapid River with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Rapid River
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Beulah | 229 | $46,250 | $410,000 | Compare |
| Burlington | 231 | $52,639 | $83,800 | Compare |
| De Tour Village | 231 | $41,250 | $213,000 | Compare |
| Fountain | 229 | $47,500 | $100,000 | Compare |
| Copper City | 226 | $48,750 | $85,600 | Compare |
| Wolverine | 226 | $48,250 | $123,600 | Compare |
| Lake Ann | 235 | $87,500 | $329,400 | Compare |
| Elm Hall | 224 | $19,688 | $79,000 | 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.
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Frequently Asked Questions about Rapid River
What is the population of Rapid River, MI?
The population of Rapid River, MI is 230 according to the latest Census data.
What is the median household income in Rapid River?
The median household income in Rapid River, MI is $39,375 per year.
What is the median home value in Rapid River?
The median home value in Rapid River, MI is $105,600.
What is the average rent in Rapid River?
The median monthly rent in Rapid River, MI is $0.
What is the unemployment rate in Rapid River?
The unemployment rate in Rapid River, MI is 3.2%.