How many renters in Petoskey, MI pay more than 30% of their income on rent?
47.5% (±14.2 points) of renting households in Petoskey, MI spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
35.8% spend 35% or more.
The median renting household spends 28.8% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 47.5% (±14.2 points)
- Paying 35% or more
- 35.8% (±10.5 points)
- Median share of income
- 28.8% (±4.5 points)
Rent as a share of income in Petoskey
| Share of income spent on rent | Petoskey | Emmet County | Michigan | United States |
|---|---|---|---|---|
| Less than 15% | 13.2% (±6.6 points) | 15.4% | 13.5% | 12.6% |
| 15% to 19.9% | 16.8% (±8.2 points) | 12.6% | 12.2% | 12.2% |
| 20% to 24.9% | 11.8% (±6.7 points) | 16.4% | 12.4% | 12.6% |
| 25% to 29.9% | 10.8% (±8.2 points) | 11.5% | 11.5% | 11.5% |
| 30% to 34.9% | 11.7% (±9.5 points) | 9.1% | 9.0% | 9.2% |
| 35% or more | 35.8% (±10.5 points) | 35.1% | 41.4% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Petoskey against Emmet County, its state and the nation
| Petoskey | Emmet County | Michigan | United States | |
|---|---|---|---|---|
| Paying 30% or more | 47.5% (±14.2 points) | 44.2% (±7.9 points) | 50.4% (±0.4 points) | 51.1% |
| Paying 35% or more | 35.8% (±10.5 points) | 35.1% (±6.3 points) | 41.4% (±0.4 points) | 41.9% |
| Median share of income | 28.8% (±4.5 points) | 27.5% (±2.4 points) | 30.2% (±0.3 points) | 30.6% |
| Median renter household income | $41,461 (±$10,003) | $46,548 (±$8,782) | $42,352 (±$376) | $52,966 |
| Median gross rent | $1,006 (±$85) | $1,112 (±$81) | $1,129 (±$4) | $1,413 |
In Petoskey, the share of renters paying 30% or more of income is not measurably different from Emmet County (44.2%).
It is not measurably different from Michigan (50.4%).
It is not measurably different from the national figure (51.1%).
In Emmet County, Petoskey ranks 7 of 17 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 655 of 1,485.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Petoskey
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Petoskey | — | 47.5% (±14.2 points) | — |
| Resort Township | 2.5 mi | 17.1% (±20.8 points) | Lower |
| Harbor Springs | 4.8 mi | 26.9% (±16.6 points) | Not measurably different |
| Bay Township | 4.9 mi | 0.0% (±104.1 points) | Not measurably different |
| Bear Creek Township | 5.3 mi | 48.7% (±16.8 points) | Not measurably different |
| West Traverse Township | 6.0 mi | 39.2% (±17.9 points) | Not measurably different |
| Little Traverse Township | 7.1 mi | 28.2% (±21.6 points) | Not measurably different |
| Hayes Township (Charlevoix County) | 7.2 mi | 47.1% (±43.3 points) | Not measurably different |
| Evangeline Township | 7.8 mi | 38.2% (±55.8 points) | Not measurably different |
Nearby places with a measurably lower figure: Resort Township, MI (17.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Emmet County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Cross Village Township | 100.0% (±127.4 points) |
| 2 | Bliss Township | 80.0% (±69.3 points) |
| 3 | Wawatam Township | 65.5% (±32.5 points) |
| 4 | McKinley Township (Emmet County) | 55.1% (±17.1 points) |
| 5 | Carp Lake Township (Emmet County) | 50.0% (±82.8 points) |
| 6 | Bear Creek Township | 48.7% (±16.8 points) |
| 7 | Petoskey | 47.5% (±14.2 points) |
| 8 | Littlefield Township | 41.1% (±36.6 points) |
| 9 | West Traverse Township | 39.2% (±17.9 points) |
| 10 | Pleasantview Township | 30.7% (±28.3 points) |
| 11 | Springvale Township | 29.6% (±68.7 points) |
| 12 | Little Traverse Township | 28.2% (±21.6 points) |
| 13 | Harbor Springs | 26.9% (±16.6 points) |
Showing 13 of 17 places in Emmet County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Petoskey
Are renters in Petoskey rent-burdened?
47.5% of renting households in Petoskey pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Petoskey spend on rent?
The median renting household in Petoskey, MI spends 28.8% (±4.5 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Petoskey city, Michigan
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Petoskey city, Michigan (place:63820, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Petoskey
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- Michigan landlord and tenant rules
- Housing across Emmet County
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- Housing data for every place in Michigan