Walloon Lake, MI
Population 258 · Michigan
About Walloon Lake, MI
Walloon Lake is a small community in Michigan with a population of 258 residents. The median household income is $84,250 per year, which is above the national average. The median age in Walloon Lake is 49.9 years.
Housing in Walloon Lake has a median home value of $260,000 and median monthly rent of $0. Of the 190 total housing units, the majority are owner-occupied, with 80 owner-occupied and 31 renter-occupied units.
The unemployment rate in Walloon Lake is 1.7% and the poverty rate is 3.1%. 46.5% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
Cost of Living in Walloon Lake, MI
Compared to national averages, Walloon Lake has a median household income of $84,250 (12% above the national median of $75,149). Home values average $260,000, which is 6% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Walloon Lake's income is 28% above the state average of $66,017, and home values are 42% above the state median of $183,391.
Why Live in Walloon Lake, MI?
Walloon Lake offers a strong local economy with a median household income of $84,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 46.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.1%, better than the national average, and short commute times averaging just 21.1 minutes.
Walloon Lake has a population of 258 with a median age of 49.9 years. Compare Walloon Lake with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Walloon Lake
What is the population of Walloon Lake, MI?
The population of Walloon Lake, MI is 258 according to the latest Census data.
What is the median household income in Walloon Lake?
The median household income in Walloon Lake, MI is $84,250 per year.
What is the median home value in Walloon Lake?
The median home value in Walloon Lake, MI is $260,000.
What is the average rent in Walloon Lake?
The median monthly rent in Walloon Lake, MI is $0.
What is the unemployment rate in Walloon Lake?
The unemployment rate in Walloon Lake, MI is 1.7%.