Lake Ann, Michigan Demographics & Population 2026

Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology

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%.

Key Takeaways

An exceptionally low poverty rate of 3.7% — among the lowest in Michigan.

Lake Ann Quick Facts

Population 27390% MOE ±87

Median Household Income $70,62590% MOE ±$38,144

Median Home Value $338,90090% MOE ±$124,613

Poverty Rate 3.7%90% MOE ±3.1 pts

Unemployment Rate 3.9%90% MOE ±7.0 pts

Median Age 47.5 years90% MOE ±7.4 years

Homeownership Rate 82.9%90% MOE ±15.1 pts

Affordability Ratio 4.8x

Bachelor's Degree or Higher 32.9%90% MOE ±10.1 pts

Adults 25+ with high school education or higher 95.6%

Diversity Index 29/100

Population 273 638th of 745

Median Income $70,625 above average

Poverty Rate 3.7% 71% lower than national

Median Home Value $338,900 top 10%

How Lake Ann Changed

Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.

Metric	2015–2019	2020–2024	Change
Population	196	273	No clear change (+39.3%)
Median household income	$71,279	$70,625	No clear change (-0.9%)
Median home value¹	$222,389	$338,900	No clear change (+52.4%)
Median gross rent	$1,169	$1,200	No clear change (+2.6%)

¹ The Census Bureau changed its home-value inflation adjustment beginning with the 2022 ACS; interpret that comparison with additional caution.

How Lake Ann Compares

Median Household Income

Lake Ann

$70,625

$72,875

National

$80,734

Median Home Value

Lake Ann

$338,900

$231,600

National

$332,700

Economy & Housing

Household Income Distribution

Under $25K 4.1%

$25K-$50K 26.8%

$50K-$100K 30.1%

$100K+ 39.0%

Detailed income brackets

Under $10K

0.8%

$10K-$15K

1.6%

$15K-$20K

0.0%

$20K-$25K

1.6%

$25K-$30K

12.2%

$30K-$35K

6.5%

$35K-$40K

0.0%

$40K-$45K

0.0%

$45K-$50K

8.1%

$50K-$60K

3.3%

$60K-$75K

17.1%

$75K-$100K

9.8%

$100K-$125K

11.4%

$125K-$150K

12.2%

$150K-$200K

13.8%

$200K+

1.6%

Employment

3.9% Unemployment Rate State: 5.7%|National: 5.2%

64.2% Labor Force Participation

Housing Overview

Owner 82.9%

Renter 17.1%

Affordability Index Moderate

4.8x home value to income ratio

Median gross rent $1,200/mo 20.4% of median household income annually

People & Demographics

Age Distribution

Under 18

12.1%

18-34

24.9%

35-54

23.8%

55-74

30.8%

75+

8.4%

Race & Ethnicity

Diversity Index

Low Diversity

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

#638 Population of 745

#240 Median Income of 732

#185 Education of 745

#73 Home Value of 730

Explore Michigan Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

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.