Otter Lake village, Michigan Demographics & Population 2026

Population Overview

Otter Lake village is a small community located in Michigan. The total population is 387. It ranks as the 588th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Otter Lake village is 53.8 years. This is 34% higher than the state median of 40.1 years. Only 12.4% of residents are under 18, indicating fewer families with children. 10.8% 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 Otter Lake village is $43,750. This is 39% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 44% lower. The poverty rate stands at 10.9%. This is 17% lower than the state poverty rate of 13.1%. The unemployment rate is 6.6%. This is 13% higher than the state rate of 5.8%. The median home value is $107,700. Housing costs are 51% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.5x, Otter Lake village is one of the most affordable housing markets in the area. 91.0% of occupied housing units are owner-occupied. This homeownership rate is 25% higher than the state average of 72.9%.

Race & Ethnicity

Otter Lake village has a predominantly White (non-Hispanic) population, comprising 97.4% of all residents. Asian residents account for 0.8%. The Black or African American population (0.3%) is well below the state average of 13.2%. The Asian population (0.8%) is well below the state average of 3.3%.

Education

9.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower 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 91.0%.

Data Sources & Methodology

All demographic data for Otter Lake 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.