Fife Lake, Michigan Median Income

Fife Lake, Michigan has a population of 500, with a median household income of $68,200.

Current median income data for Fife Lake.

$68,200

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Population

500

💰

Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

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Crime Rate

4.70

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Internet Speed

168.00 Mbps

Fife Lake is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Fife Lake is a notable city in Michigan, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Fife Lake has a population of 500, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Fife Lake is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Fife Lake average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Fife Lake is 5.10%, which is lower than the state average, indicating a relatively strong job market. Fife Lake has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Fife Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Fife Lake continues to play a role in shaping regional trends in Michigan, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Fife Lake

What is the population of Fife Lake?

The population of Fife Lake is approximately 500.

Is Fife Lake a good place to live?

Fife Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Fife Lake?

The median household income in Fife Lake is around $68,200.

How expensive is housing in Fife Lake?

The average housing price in Fife Lake is approximately $266,000.