Lake Ann, Michigan Demographics & Population 2026
During the 2020–2024 ACS period, Lake Ann, Michigan had a total population of 273, the 638th largest village in Michigan, with a median household income of $70,625, which is 3% lower than the state average. The poverty rate is 3.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 3.7% — among the lowest in Michigan.
Lake Ann Quick Facts
How Lake Ann Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 235 | 273 | +16.2% |
| Median household income | $87,500 | $70,625 | -19.3% |
| Median home value | $329,400 | $338,900 | +2.9% |
How Lake Ann Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Lake Ann Rankings in Michigan
Explore Michigan Rankings
Other Cities in Benzie County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Frankfort | 1,225 | $54,327 | 12.3% | $350,000 |
| Benzonia | 718 | $61,875 | 14.1% | $209,100 |
| Hardwood Acres | 611 | $109,196 | 3.4% | $276,700 |
| Thompsonville | 490 | $66,250 | 18.3% | $115,800 |
| Bendon | 315 | $69,750 | 15.0% | $196,200 |
| Beulah | 218 | $71,000 | 13.9% | $485,700 |
| Elberta | 174 | $114,375 | 0.0% | $267,600 |
| Honor | 172 | $45,341 | 9.9% | $223,800 |
| Crystal Mountain | 166 | $120,938 | 2.4% | $547,400 |
| Nessen City | 149 | $62,222 | 31.5% | $160,400 |
Cities Similar to Lake Ann
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Wolverine | 265 | $67,500 | $89,000 | 9.4% | 34.1% |
| Custer | 275 | $63,125 | $131,300 | 12.8% | 13.1% |
| Burlington | 264 | $66,250 | $90,800 | 13.7% | 13.3% |
| St. James | 269 | $62,917 | $325,000 | 48.9% | 10.2% |
| Bruce Crossing | 257 | $74,583 | $106,400 | 2.1% | 2.7% |
A note before these figures: with a population of 273, Lake Ann's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Lake Ann is a small community located in Michigan, within Benzie County. The total population is 273. It ranks as the 638th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Lake Ann is 47.5 years. This is 18% higher than the state median of 40.2 years. Only 12.1% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Lake Ann is $70,625. This is 3% lower than the state median of $72,875. It is also 13% lower than the national median of $80,734. The poverty rate stands at 3.7%. This is 72% lower than the state poverty rate of 13.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.9%. This is 32% lower than the state rate of 5.7%. The median home value is $338,900. Housing costs are 46% higher than the state median of $231,600. The home-value-to-income ratio is 4.8x. 82.9% of occupied housing units are owner-occupied. This homeownership rate is 13% higher than the state average of 73.2%.
Race & Ethnicity
The largest racial or ethnic group in Lake Ann is White (non-Hispanic), making up 83.9% of the population. Black or African American residents account for 7.0%.
Education
32.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 1% higher 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 95.6%.
Data Sources & Methodology
All demographic data for Lake Ann, 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 Lake Ann, Michigan?
Lake Ann, Michigan has a population of 273 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake Ann, MI?
The median household income in Lake Ann is $70,625, which is 13% lower than the national median of $80,734.
What is the poverty rate in Lake Ann, MI?
The poverty rate in Lake Ann is 3.7%. This means approximately 10 residents live below the federal poverty line.
What is the racial makeup of Lake Ann, Michigan?
Lake Ann's population is 83.9% White, 7.0% Black, 0.0% Hispanic/Latino, and 1.8% Asian.
What is the median home value in Lake Ann, MI?
The median home value in Lake Ann is $338,900. The home-value-to-income ratio is 4.8x.
How educated is Lake Ann, Michigan?
32.9% of adults (25+) in Lake Ann hold a bachelor's degree or higher, and 9.3% hold a graduate or professional degree.