Cities / Michigan / Elk Rapids

Elk Rapids, MI

1,568 people

Right Now

Active Weather Alerts

Population & People

Population

1,568

Median age

57.7

Median household income

$70,938

Poverty rate

3.7%

Unemployment rate

1.3%

Bachelor's degree+

45.4%

Avg. commute

16 min

Hispanic or Latino

3.1%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$393,400

Median gross rent

$1,056/mo

Homeownership rate

75.17%

HUD FMR — 2 bedroom

$1,113

HUD Fair Market Rent (Michigan statewide average across 83 areas — not specific to Elk Rapids), 2026. Efficiency $807, 1BR $891, 2BR $1113, 3BR $1419, 4BR $1588. This is a different official figure from Census median gross rent above.

Energy

Michigan commercial electricity

14.48¢/kWh

Michigan industrial electricity

8.59¢/kWh

Michigan residential electricity

20.01¢/kWh

Economy

Gross Domestic Product: All Industry Total

730067.6

Real Gross Domestic Product: All Industry Total

568865.7

All-Transactions House Price Index for Michigan

584.9

Unemployment Rate

4.9%

Source: FRED, Michigan-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Michigan energy prices), Federal Reserve Bank of St. Louis (Michigan economic indicators), OurAirports (airport directory).