Saranac, MI
Population 1,973 · Michigan
About Saranac, MI
Saranac is a small community in Michigan with a population of 1,973 residents. The median household income is $64,157 per year, which is near the national average. The median age in Saranac is 33.4 years.
Housing in Saranac has a median home value of $183,300 and median monthly rent of $415. Of the 760 total housing units, the majority are owner-occupied, with 507 owner-occupied and 248 renter-occupied units.
The unemployment rate in Saranac is 3.2% and the poverty rate is 13.0%. 22.4% of residents hold a bachelor's degree or higher. The average commute time is 23.3 minutes.
How Saranac Ranks in Michigan
Cost of Living in Saranac, MI
Compared to national averages, Saranac has a median household income of $64,157 (15% below the national median of $75,149). Home values average $183,300, which is 25% below the national median. Monthly rent at $415 is 64% below the US average of $1,163. Within Michigan, Saranac's income is 3% below the state average of $66,017, and home values are 0% below the state median of $183,391.
Why Live in Saranac, MI?
Saranac offers affordable housing with a median home value of $183,300, below the US average of $244,900, and rent that’s lower than the national average at $415/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features short commute times averaging just 23.3 minutes.
Potential considerations include median household income ($64,157) that falls below the national average. However, Saranac’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Saranac has a population of 1,973 with a median age of 33.4 years. Compare Saranac with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Saranac
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Twin Lake | 1,997 | $80,150 | $232,300 | Compare |
| Baraga | 1,948 | $39,297 | $101,000 | Compare |
| Stony Point | 1,999 | $57,250 | $205,400 | Compare |
| Caledonia | 1,936 | $114,167 | $325,100 | Compare |
| Parchment | 2,012 | $54,572 | $178,400 | Compare |
| Hart | 1,931 | $55,066 | $119,700 | Compare |
| Lake Isabella | 1,931 | $76,923 | $176,800 | Compare |
| Goodrich | 2,024 | $103,864 | $238,300 | 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 Saranac
What is the population of Saranac, MI?
The population of Saranac, MI is 1,973 according to the latest Census data.
What is the median household income in Saranac?
The median household income in Saranac, MI is $64,157 per year.
What is the median home value in Saranac?
The median home value in Saranac, MI is $183,300.
What is the average rent in Saranac?
The median monthly rent in Saranac, MI is $415.
What is the unemployment rate in Saranac?
The unemployment rate in Saranac, MI is 3.2%.