Reed City, MI
Population 2,505 · Michigan
About Reed City, MI
Reed City is a small town located in Michigan with a population of 2,505 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,646 per year, which is 35% below the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Reed City features a median home value of $105,400, which is 57% below the national median of $244,900. This makes Reed City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $587, 50% below the national average of $1,163/month. Of the 1,187 total housing units, 60% are owner-occupied (617 units) and 40% are renter-occupied (416 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Reed City shows an unemployment rate of 7.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.8%, above the national average of 12.4%. Workers in Reed City have an average one-way commute time of 24.4 minutes.
Education & Demographics
14.7% of Reed City 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 1.4% White, 3.0% Hispanic or Latino, 0.8% Black or African American, and 1.0% Asian residents, with 1.4% of the population being foreign-born.
How Reed City Ranks in Michigan
Cost of Living in Reed City, MI
Compared to national averages, Reed City has a median household income of $48,646 (35% below the national median of $75,149). Home values average $105,400, which is 57% below the national median. Monthly rent at $587 is 50% below the US average of $1,163. Within Michigan, Reed City's income is 26% below the state average of $66,017, and home values are 43% below the state median of $183,391.
Why Live in Reed City, MI?
Reed City offers affordable housing with a median home value of $105,400, below the US average of $244,900, and rent that’s lower than the national average at $587/month, and short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($48,646) that falls below the national average. However, Reed City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Reed City has a population of 2,505 with a median age of 40.8 years. Compare Reed City with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Reed City
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodland Beach | 2,509 | $70,330 | $159,300 | Compare |
| Newaygo | 2,486 | $41,934 | $102,900 | Compare |
| Spring Lake | 2,530 | $75,000 | $271,100 | Compare |
| Shelby | 2,571 | $53,309 | $124,000 | Compare |
| Village of Grosse Pointe Shores | 2,589 | $182,000 | $671,600 | Compare |
| Charlevoix | 2,420 | $52,344 | $294,400 | Compare |
| Chesaning | 2,411 | $57,426 | $123,900 | Compare |
| St. Ignace | 2,409 | $60,735 | $127,800 | 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 Reed City With Other Cities
Frequently Asked Questions about Reed City
What is the population of Reed City, MI?
The population of Reed City, MI is 2,505 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 Reed City?
The median household income in Reed City, MI is $48,646 per year, which is 35% below the national median of $75,149.
What is the median home value in Reed City?
The median home value in Reed City, MI is $105,400, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Reed City?
The median monthly rent in Reed City, MI is $587, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Reed City?
The unemployment rate in Reed City, MI is 7.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Reed City, MI a good place to live?
Reed City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,505 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Reed City, MI?
14.7% of residents in Reed City 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 Reed City?
Key cost-of-living indicators for Reed City, MI: median home value is $105,400 (57% below national), median rent is $587/month, and median household income is $48,646. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Reed City?
The poverty rate in Reed City, MI is 20.8%, 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 Reed City, MI?
Reed City's population is 1.4% White, 3.0% Hispanic or Latino, 0.8% Black or African American, 1.0% Asian, and 1.1% two or more races. 1.4% of residents are foreign-born.