Median Age
43 Years
Largest Age Group
25-34 Years
Approximately 14% of Residents
Under 20
19%
Over 65
25%
Petoskey
Petoskey, MI Area Guide
Avg Rent
$1,401
Population
5,372
Renter Mix
46% Rent
Unwind and enjoy nature in this Michigan treasure
Coastal
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Lakeside
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Scenic
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Charming
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Active
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Historic
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Vibrant
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Family-Friendly
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Quaint
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Welcoming
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Situated in the northern part of Michigan’s Lower Peninsula, Petoskey rests on the shores of Lake Michigan, boasting stunning natural beauty that has inspired famous creators like Ernest Hemingway and Sufjan Stevens. Petoskey’s scenic environment draws thousands of visitors year-round to swim and lounge on beaches in the summer and to partake in sports like sledding, ice hockey, and skiing in the winter.
Known for its Victorian architecture, Petoskey is steeped in history evident throughout the walkable Gaslight Shopping District. Numerous wineries are convenient to Petoskey, including Mackinaw Trail Winery, Maple Moon Sugarbush and Winery, and Petoskey Farms Vineyard and Winery. Petoskey is home to Michigan’s official state stone, a prehistoric fossil called the Petoskey Stone, which is commonly found in Petoskey State Park, Magnus City Park Beach, and various retailers in town.
Demographics
Median Household Income
$64,712
Average: $97,815
Education
2,432
Residents Have a Degree
Job Market
2,901
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Petoskey has more homeowners than renters.
Renters
46%
Non-Renters
54%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
36%
Other Education
64%
Rent Trends
As of May 2026, the average apartment rent in Petoskey, MI is $1,264 for a studio, $1,401 for one bedroom, $1,688 for two bedrooms, and $1,592 for three bedrooms. Apartment rent in Petoskey has increased by 1.3% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,401/month
717 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Petoskey, MI is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Somewhat Bikeable
Bikeability
30
/ 100
Scores provided by
Schools
Public
Grades K-5
226 Students
Public
Grades PK-5
269 Students
Public
Grades K-5
249 Students
Public
Grades PK-5
248 Students
Public
Grades K-12
151 Students
Public
Grades 6-8
582 Students
Public
Grades K-12
151 Students
Public
Grades 9-12
909 Students
Public
Grades K-12
151 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Petoskey State Park
- Nub's Nob
- Young State Park
- Thorne Swift Nature Preserve
- Pond Hill Farm
Top Apartments in Petoskey
Search Nearby Rentals
Nearby City Rentals
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.