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Breckenridge, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

During the 2020–2024 ACS period, Breckenridge, Michigan had a total population of 1,517, the 363rd largest village in Michigan, with a median household income of $57,540, which is 21% lower than the state average. The poverty rate is 17.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Breckenridge Quick Facts

Population 1,517
Median Household Income $57,540
Median Home Value $111,500
Poverty Rate 17.9%
Unemployment Rate 7.5%
Median Age 39.5 years
Homeownership Rate 65.5%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 12.2%
High School Graduation Rate 93.4%
Diversity Index 26/100
Population 1,517 363rd of 745
Median Income $57,540 average
Poverty Rate 17.9% 44% higher than national
Median Home Value $111,500 bottom 30%

How Breckenridge Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,4111,517+7.5%
Median household income$56,779$57,540+1.3%
Median home value$107,000$111,500+4.2%

How Breckenridge Compares

Economy & Housing

Household Income Distribution

Under $25K 16.4%
$25K-$50K 28.0%
$50K-$100K 34.9%
$100K+ 20.7%
Detailed income brackets
Under $10K
4.2%
$10K-$15K
2.7%
$15K-$20K
4.2%
$20K-$25K
5.3%
$25K-$30K
4.4%
$30K-$35K
6.2%
$35K-$40K
7.1%
$40K-$45K
5.7%
$45K-$50K
4.6%
$50K-$60K
11.2%
$60K-$75K
7.1%
$75K-$100K
16.6%
$100K-$125K
9.1%
$125K-$150K
3.3%
$150K-$200K
4.6%
$200K+
3.7%

Employment

7.5% Unemployment Rate State: 5.7%|National: 5.2%
59.7% Labor Force Participation

Housing Overview

Owner 65.5%
Renter 34.6%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $731/mo 15.2% of median household income annually

People & Demographics

Diversity Index

26out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 45 | National average: 61

Education

Breckenridge Rankings in Michigan

#363 Population of 745
#441 Median Income of 732
#572 Education of 745
#571 Home Value of 730

Other Cities in Gratiot County

CityPopulationMedian IncomePovertyHome Value
Alma 9,396 $53,307 21.7% $115,900
St. Louis 7,367 $51,167 13.4% $119,200
Ithaca 2,817 $63,109 16.8% $133,200
Perrinton 513 $58,333 21.6% $116,500
Ashley 483 $58,846 15.8% $109,500
Elm Hall 228 N/A 58.9% $75,000
Riverdale 216 N/A 40.3% $90,500

Cities Similar to Breckenridge

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Nashville1,503$56,143$130,90010.6%9.7%
Edmore1,514$54,063$105,50015.3%32.2%
Laurium1,509$54,167$126,10031.1%16.0%
Quincy1,484$59,844$121,8008.8%16.7%
Colon1,570$58,542$153,50017.4%14.3%

Population Overview

Breckenridge is a small community located in Michigan, within Gratiot County. The total population is 1,517. It ranks as the 363rd most populous out of 745 Census-designated places in Michigan.

Age Demographics

The median age in Breckenridge is 39.5 years. This is 2% lower than the state median of 40.2 years.

Economy, Income & Housing

The median household income in Breckenridge is $57,540. This is 21% lower than the state median of $72,875. It is also 29% lower than the national median of $80,734. The poverty rate stands at 17.9%. This is 36% higher than the state poverty rate of 13.2%. The unemployment rate is 7.5%. This is 32% higher than the state rate of 5.7%. The median home value is $111,500. Housing costs are 52% lower than the state median of $231,600. With a home-value-to-income ratio of just 1.9x, Breckenridge is one of the most affordable housing markets in the area. 65.5% of occupied housing units are owner-occupied. This homeownership rate is 11% lower than the state average of 73.2%.

Race & Ethnicity

The largest racial or ethnic group in Breckenridge is White (non-Hispanic), making up 84.9% of the population. Hispanic or Latino residents account for 11.8%. The Black or African American population (0.1%) is well below the state average of 13.1%. The Hispanic or Latino population is significantly higher than the state average (11.8% vs 5.9%).

Education

12.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.4%.

Data Sources & Methodology

All demographic data for Breckenridge, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Breckenridge, Michigan?

Breckenridge, Michigan has a population of 1,517 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Breckenridge, MI?

The median household income in Breckenridge is $57,540, which is 29% lower than the national median of $80,734.

What is the poverty rate in Breckenridge, MI?

The poverty rate in Breckenridge is 17.9%. This means approximately 263 residents live below the federal poverty line.

What is the racial makeup of Breckenridge, Michigan?

Breckenridge's population is 84.9% White, 0.1% Black, 11.8% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Breckenridge, MI?

The median home value in Breckenridge is $111,500. The home-value-to-income ratio is 1.9x.

How educated is Breckenridge, Michigan?

12.2% of adults (25+) in Breckenridge hold a bachelor's degree or higher, and 4.4% hold a graduate or professional degree.