Median Income
$66,786
household / year
Median Home Value
$241,600
owner-occupied
Median Rent
$550
gross / month
Cost of Living
92
national avg = 100

Is Canadian Lakes, MI a Good Place to Live?

Canadian Lakes is a small town of 2,578 in Michigan, with a median household income of $66,786 and a 1.0% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.

Strengths: Canadian Lakes stands out for an affordable cost of living, below-average home prices, a well-educated population.

Trade-offs: Potential downsides include longer commutes. Whether Canadian Lakes is right for you depends on your priorities — the full breakdown is below.

All Canadian Lakes city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 92.5

Canadian Lakes's overall cost of living index is 92.5, where 100 represents the US national average. Living in Canadian Lakes costs roughly 8% less than the average American city.

Metric Canadian Lakes, MI National Avg
Median Home Value $241,600 $244,900
Median Monthly Rent $550 $1,163
Homeownership Rate 93.5% 65.9%
Median Household Income $66,786 $74,755

Crime & Safety

Crime data for Canadian Lakes is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric Canadian Lakes, MI National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 37.0% 35.4%
High School Diploma or Higher 99.3% 91.1%

Weather & Climate

Canadian Lakes sees average highs of 28.2°F in January and 81.3°F in July, with 37.0 inches of annual precipitation and 61.3 inches of snow per year.

MetricCanadian Lakes, MI
Average High — January28.2°F
Average High — July81.3°F
Annual Precipitation37.0"
Annual Snowfall61.3"

Demographics

MetricCanadian Lakes, MINational Avg
Population2,578
Median Age65.938.9
Unemployment Rate1.0%3.7%
Avg Commute Time33.0 min26 min
White (non-Hispanic)98.3%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.1%18.9%
Asian0.0%6.3%
Under 1810.2%22.2%
65 and over52.6%16.8%

Nearby Cities

ZIP Codes in Canadian Lakes

Canadian Lakes, MI is covered by 1 ZIP code:

Canadian Lakes vs Other Cities

Frequently Asked Questions

Canadian Lakes's cost of living index is 92, where 100 is the national average. That makes Canadian Lakes roughly 8% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $241,600 and median rent is $550/month.
Crime data for Canadian Lakes is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
Canadian Lakes, MI has a population of 2,578, a median household income of $66,786, and an unemployment rate of 1.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Canadian Lakes averages 28.2°F in January and 81.3°F in July. Annual rainfall is 37.0 inches with about 61.3 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Canadian Lakes, MI is covered by 1 ZIP code: 49346.
The population of Canadian Lakes, Michigan is 2,578 with a median age of 65.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Canadian Lakes: cost of living index 92 (100 = US average), median home $241,600, median household income $66,786. Whether these are benefits or drawbacks depends on where you're coming from — compare Canadian Lakes side by side with your current city to see the trade-offs.