Schoolcraft, MI
Population 1,268 · Michigan
About Schoolcraft, MI
Schoolcraft is a small town located in Michigan with a population of 1,268 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,813 per year, which is 10% above the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Schoolcraft features a median home value of $208,300, which is 15% below the national median of $244,900. This positions Schoolcraft in a moderately priced market relative to the rest of the country. Median monthly rent is $863, 26% below the national average of $1,163/month. Of the 530 total housing units, 75% are owner-occupied (371 units) and 25% are renter-occupied (125 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Schoolcraft shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Schoolcraft have an average one-way commute time of 21.1 minutes.
Education & Demographics
28.1% of Schoolcraft residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.4% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 1.0% of the population being foreign-born.
How Schoolcraft Ranks in Michigan
Cost of Living in Schoolcraft, MI
Compared to national averages, Schoolcraft has a median household income of $82,813 (10% above the national median of $75,149). Home values average $208,300, which is 15% below the national median. Monthly rent at $863 is 26% below the US average of $1,163. Within Michigan, Schoolcraft's income is 25% above the state average of $66,017, and home values are 14% above the state median of $183,391.
Why Live in Schoolcraft, MI?
Schoolcraft offers a strong local economy with a median household income of $82,813, well above the national average, and affordable housing with a median home value of $208,300, below the US average of $244,900, and rent that’s lower than the national average at $863/month. Additionally, the city features a strong job market with an unemployment rate of just 1.4%, and a low poverty rate of 7.3%, better than the national average, and short commute times averaging just 21.1 minutes.
Schoolcraft has a population of 1,268 with a median age of 36.3 years. Compare Schoolcraft with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Schoolcraft
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gwinn | 1,268 | $52,609 | $94,000 | Compare |
| Fruitport | 1,269 | $80,769 | $193,200 | Compare |
| Ontonagon | 1,266 | $46,806 | $92,100 | Compare |
| Petersburg | 1,261 | $76,071 | $197,100 | Compare |
| Onsted | 1,283 | $65,349 | $166,500 | Compare |
| Prudenville | 1,286 | $35,833 | $167,300 | Compare |
| Edwardsburg | 1,244 | $53,661 | $115,400 | Compare |
| Stanton | 1,292 | $45,714 | $89,000 | 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.
Compare Schoolcraft With Other Cities
Frequently Asked Questions about Schoolcraft
What is the population of Schoolcraft, MI?
The population of Schoolcraft, MI is 1,268 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 Schoolcraft?
The median household income in Schoolcraft, MI is $82,813 per year, which is 10% above the national median of $75,149.
What is the median home value in Schoolcraft?
The median home value in Schoolcraft, MI is $208,300, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Schoolcraft?
The median monthly rent in Schoolcraft, MI is $863, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Schoolcraft?
The unemployment rate in Schoolcraft, MI is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Schoolcraft, MI a good place to live?
Schoolcraft offers above-average incomes, affordable housing, and a strong job market. With a population of 1,268 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Schoolcraft, MI?
28.1% of residents in Schoolcraft 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 Schoolcraft?
Key cost-of-living indicators for Schoolcraft, MI: median home value is $208,300 (15% below national), median rent is $863/month, and median household income is $82,813. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Schoolcraft?
The poverty rate in Schoolcraft, MI is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Schoolcraft, MI?
Schoolcraft's population is 2.4% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.9% two or more races. 1.0% of residents are foreign-born.