The median household income in Petoskey, MI in 2022 was $68,236, which was about the same as the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $33,657 in 2000 this represents an increase of 50.7%. The per capita income in 2022 was $47,792, which means an increase of 57.6% compared to 2000 when it was $20,259.
Whole page based on the data from 2000 / 2022 when the population of Petoskey, Michigan was 6,080 / 5,845
Income statistics for all residents
Median household income in Petoskey, MI in 2022:
Petoskey:
$68,237
State:
$66,986
Change in median household income between 2000 and 2022:
Petoskey, Michigan:
+102.7%
State:
+50.0%
Number of households with income < $10k:
Petoskey:
2.4% (64)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Petoskey:
8.9% (232)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Petoskey:
6.4% (167)
Michigan:
7.9% (324,153)
Number of households with income $30k - 40k:
Petoskey:
10.1% (265)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Petoskey:
6.4% (167)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Petoskey:
8.6% (224)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Petoskey:
9.8% (257)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Petoskey:
14.2% (371)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Petoskey:
8.0% (209)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Petoskey:
3.6% (95)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Petoskey:
8.0% (210)
State:
7.5% (305,077)
Number of households with income > $200k:
Petoskey:
13.6% (357)
State:
8.1% (330,644)
Aggregate household income in Petoskey in 2022: $279,198,350
Median family income in Petoskey in 2022:
Petoskey:
$98,548
Michigan:
$85,865
Number of families with income < $10k:
Petoskey:
1.5% (22)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Petoskey:
4.1% (58)
Michigan:
3.9% (100,567)
Number of families with income $20k - 30k:
Petoskey:
3.4% (49)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Petoskey:
7.0% (100)
Michigan:
6.4% (163,565)
Number of families with income $40k - 50k:
Petoskey:
6.9% (99)
Michigan:
6.8% (172,384)
Number of families with income $50k - 60k:
Petoskey:
4.8% (69)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Petoskey:
7.5% (107)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Petoskey:
15.3% (217)
Michigan:
15.0% (383,364)
Number of families with income $100k - 125k:
Petoskey:
10.3% (146)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Petoskey:
4.9% (70)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Petoskey:
14.7% (209)
Michigan:
10.2% (259,462)
Number of families with income > $200k:
Petoskey:
19.6% (280)
State:
11.3% (287,206)
Median non-family income in Petoskey in 2022:
Petoskey:
$50,151
State:
$40,459
Median per capita income in Petoskey in 2022:
Petoskey:
$47,792
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Petoskey, Michigan:
+135.9%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Petoskey, MI in 2022:
Petoskey:
$67,239
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Petoskey, Michigan:
+98.8%
State:
+52.9%
Number of households with income < $10k:
Petoskey:
2.5% (63)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Petoskey:
9.0% (223)
Michigan:
6.5% (205,547)
Number of households with income $20k - 30k:
Petoskey:
6.3% (155)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Petoskey:
10.4% (257)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Petoskey:
6.8% (168)
Michigan:
7.8% (246,839)
Number of households with income $50k - 60k:
Petoskey:
8.7% (216)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Petoskey:
10.2% (253)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Petoskey:
14.5% (358)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Petoskey:
7.8% (194)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Petoskey:
3.3% (81)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Petoskey:
6.4% (158)
State:
8.1% (255,445)
Number of households with income > $200k:
Petoskey:
14.2% (351)
State:
8.7% (276,727)
Aggregate household income in Petoskey in 2022: $261,747,870
Median family income in Petoskey in 2022:
Petoskey:
$91,825
State:
$90,317
Number of families with income < $10k:
Petoskey:
1.6% (21)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Petoskey:
4.4% (58)
Michigan:
3.2% (64,106)
Number of families with income $20k - 30k:
Petoskey:
3.9% (51)
Michigan:
4.6% (91,551)
Number of families with income $30k - 40k:
Petoskey:
6.9% (91)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Petoskey:
7.4% (98)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Petoskey:
5.0% (66)
Michigan:
6.8% (135,883)
Number of families with income $60k - 75k:
Petoskey:
7.9% (104)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Petoskey:
16.1% (213)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Petoskey:
10.0% (132)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Petoskey:
4.3% (56)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Petoskey:
11.9% (158)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Petoskey:
20.7% (274)
State:
12.0% (239,713)
Median non-family income in Petoskey in 2022:
Petoskey:
$50,021
State:
$42,438
Median per capita income in Petoskey in 2022:
Petoskey:
$50,428
State:
$41,514
Change in median per capita income between 2000 and 2022:
Petoskey, Michigan:
+146.6%
State:
+75.2%
Income statistics for Black or African American residents
Number of households with income < $10k:
Petoskey:
0.0% (0)
Michigan:
12.7% (66,307)
Number of households with income $10k - 20k:
Petoskey:
0.0% (0)
State:
14.2% (73,877)
Number of households with income $20k - 30k:
Petoskey:
0.0% (0)
State:
10.2% (52,930)
Number of households with income $30k - 40k:
Petoskey:
0.0% (0)
Michigan:
10.3% (53,542)
Number of households with income $40k - 50k:
Petoskey:
0.0% (0)
State:
9.1% (47,110)
Number of households with income $50k - 60k:
Petoskey:
0.0% (0)
State:
8.1% (41,969)
Number of households with income $60k - 75k:
Petoskey:
0.0% (0)
State:
9.0% (46,784)
Number of households with income $75k - 100k:
Petoskey:
0.0% (0)
State:
9.7% (50,718)
Number of households with income $100k - 125k:
Petoskey:
0.0% (0)
State:
6.7% (34,802)
Number of households with income $125k - 150k:
Petoskey:
100.0% (13)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Petoskey:
0.0% (0)
State:
3.4% (17,885)
Number of households with income > $200k:
Petoskey:
0.0% (0)
State:
2.6% (13,430)
Aggregate household income in Petoskey in 2022: $961,211
Median per capita income in Petoskey in 2022:
Petoskey:
$21,156
State:
$25,207
Income statistics for Asian residents
Median per capita income in Petoskey in 2022:
Petoskey:
$19,994
State:
$48,128
Income statistics for Hispanic or Latino residents
Median household income in Petoskey, MI in 2022:
Petoskey:
$29,692
State:
$62,497
Change in median household income between 2000 and 2022:: -35.1%
Petoskey, Michigan:
-35.1%
State:
+62.4%
Number of households with income < $10k:
Petoskey:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Petoskey:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Petoskey:
74.6% (53)
Michigan:
9.1% (15,369)
Number of households with income $30k - 40k:
Petoskey:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Petoskey:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Petoskey:
0.0% (0)
Michigan:
8.9% (14,990)
Number of households with income $60k - 75k:
Petoskey:
0.0% (0)
Michigan:
11.5% (19,325)
Number of households with income $75k - 100k:
Petoskey:
0.0% (0)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Petoskey:
25.4% (18)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Petoskey:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Petoskey:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Petoskey:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Petoskey in 2022: $3,643,180
Median per capita income in Petoskey in 2022:
Petoskey:
$25,394
Michigan:
$25,462
Change in median per capita income between 2000 and 2022:
Petoskey, Michigan:
+81.4%
State:
+83.3%
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Petoskey in 2022: $2,824,363
Median per capita income in Petoskey in 2022:
Petoskey:
$45,947
Michigan:
$27,661
Change in median per capita income between 2000 and 2022:
Petoskey, Michigan:
+146.7%
State:
+75.7%
Income statistics for Multirace residents
Median household income in Petoskey, MI in 2022:
Petoskey:
$163,370
Michigan:
$63,251
Number of households with income < $10k:
Petoskey:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Petoskey:
6.8% (8)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Petoskey:
8.5% (10)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Petoskey:
13.6% (16)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Petoskey:
0.0% (0)
State:
7.5% (15,476)
Number of households with income $50k - 60k:
Petoskey:
0.0% (0)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Petoskey:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Petoskey:
7.6% (9)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Petoskey:
6.8% (8)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Petoskey:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Petoskey:
56.8% (67)
State:
6.8% (13,956)
Number of households with income > $200k:
Petoskey:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Petoskey in 2022: $14,160,001
Median family income in Petoskey in 2022:
Petoskey:
$160,991
Michigan:
$75,671
Number of families with income $30k - 40k:
Petoskey:
21.9% (19)
State:
8.9% (11,911)
Number of families with income $100k - 125k:
Petoskey:
9.8% (8)
Michigan:
11.1% (14,794)
Number of families with income $150k - 200k:
Petoskey:
68.3% (59)
State:
7.9% (10,475)
Median per capita income in Petoskey in 2022:
Petoskey:
$20,575
Michigan:
$26,098
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