Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

3 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,510

Average Rent as Percentage of Gross Income

Median rent for 2018: $763

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $4,211
--Home Prepared Food $2,373
--Restaurant/Takeaway Food $1,838
Alcoholic Beverages $309
Housing $10,673
--Rent/Mortgage/Upkeep/Taxes $6,241
--Utilities $2,151
--Operations $810
--Supplies $397
--Furnishings $1,078
Apparel $990
--Men & Boys $221
--Women & Girls $401
--Children < 2 $4
--Footwear $209
Transportation $5,184
--New Vehicles $969
--Used Vehicles $1,107
--Fuel $1,120
--Insurance $518
--Public Transit $434
Healthcare $2,640
Entertainment $1,713
--Pets $351
--Toys $84
Personal Care Products $409
Books & Literature $58
Education $748
Tobacco Products $184
Miscellaneous $526
Retirement $1,003
Non-health Insurance $3,877
Total Expenditures $32,525

Selected Population Data

Period Geography Population
2014 Elk Rapids village, Michigan 1,558
2015 Elk Rapids village, Michigan 1,541
2016 Elk Rapids village, Michigan 1,574
2017 Elk Rapids village, Michigan 1,611
2018 Elk Rapids village, Michigan 1,490