Elk Rapids village, Michigan Demographics & Population 2026

Population Overview

Elk Rapids village is a small community located in Michigan. The total population is 1,558. It ranks as the 354th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Elk Rapids village is 57.5 years. This is 43% higher than the state median of 40.1 years. Only 14.9% of residents are under 18, indicating fewer families with children. 16.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Elk Rapids village is $78,472. This is 10% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is about average. The poverty rate stands at 4.3%. This is 67% lower than the state poverty rate of 13.1%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.9%. This is 84% lower than the state rate of 5.8%. The median home value is $348,400. Housing costs are 60% higher than the state median of $217,600. The home-value-to-income ratio is 4.4x. 78.5% of occupied housing units are owner-occupied. This homeownership rate is 8% higher than the state average of 72.9%.

Race & Ethnicity

Elk Rapids village has a predominantly White (non-Hispanic) population, comprising 89.5% of all residents. Hispanic or Latino residents account for 3.7%.

Education

46.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 47% higher than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.1%. Notably, 16.7% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Elk Rapids village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.