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Elk Rapids, MI

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Elk Rapids is a very small village located in the state of Michigan. With a population of 1,584 people and just one neighborhood, Elk Rapids is the 403rd largest community in Michigan.

Elk Rapids home prices are not only among the most expensive in Michigan, but Elk Rapids real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Unlike some villages, Elk Rapids isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Elk Rapids are a mix of both white- and blue-collar jobs. Overall, Elk Rapids is a village of professionals, sales and office workers, and managers. There are especially a lot of people living in Elk Rapids who work in sales jobs (15.05%), business and financial occupations (11.16%), and management occupations (9.41%).

Telecommuters are a relatively large percentage of the workforce: 9.86% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

Another notable thing is that Elk Rapids is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the village experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller village.

Elk Rapids’s overall crime rate ranks among the lowest in the nation, making it a very safe place to live.

Elk Rapids is a small village, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Demographics

The citizens of Elk Rapids are among the most well-educated in the nation: 47.52% of adults in Elk Rapids have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Elk Rapids in 2018 was $48,476, which is wealthy relative to Michigan and the nation. This equates to an annual income of $193,904 for a family of four.

The people who call Elk Rapids home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elk Rapids residents report their race to be White, followed by Asian. Important ancestries of people in Elk Rapids include German, English, Irish, Dutch, and French.

The most common language spoken in Elk Rapids is English. Other important languages spoken here include Polish and Italian.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

If you are planning to retire in Michigan, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Michigan, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.7% of neighborhoods in MI. If a Michigan retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.

Real Estate

Despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 37.1%, which is higher than 96.9% of all U.S. neighborhoods.

Diversity

Did you know that the neighborhood has more Dutch and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Dutch ancestry and 0.6% have Yugoslav ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Elk Rapids are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.9% of the neighborhoods in America. In addition, 4.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 65.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the neighborhood, 38.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.1%), and 10.7% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 98.8% of households. Other important languages spoken here include Polish and Italian.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the neighborhood in Elk Rapids, MI, residents most commonly identify their ethnicity or ancestry as German (23.2%). There are also a number of people of Irish ancestry (17.3%), and residents who report English roots (16.6%), and some of the residents are also of Dutch ancestry (6.2%), along with some Polish ancestry residents (5.1%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (43.3% of working residents), one of the shortest commutes across America.

Here most residents (72.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.5%) and 6.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

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