Very AffordableNear National AverageCaro Community Schools
Tuscola County Courthouse · kennethaw88 / CC BY 4.0Trinity Episcopal Church Caro · kennethaw88 / CC BY 4.0Hotel Montague Caro · kennethaw88 / CC BY 4.0Indian Fields park caro · Wcbpolish / Public domain
Caro is a small town of 4,294 in Michigan, with a median household income of $44,342
and a 10.3% unemployment rate.
Its cost of living index is 90 (US average = 100), which is
10% below the national average.
Strengths:
Caro stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include an elevated unemployment rate. Whether Caro is right for you depends on your priorities — the full breakdown is below.
All Caro 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: 89.8
Caro's overall cost of living index is 89.8,
where 100 represents the US national average.
Living in Caro costs roughly 10% less than the average American city.
Metric
Caro, MI
National Avg
Median Home Value
$88,200
$244,900
Median Monthly Rent
$731
$1,163
Homeownership Rate
62.6%
65.9%
Median Household Income
$44,342
$74,755
Crime & Safety
Near National Average
Caro's violent crime rate is 634.5 per 100,000 residents
— 67% higher than the national average of ~380 per 100,000.
Violent Crime
634.5 /100k
Property Crime
1645.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Caro is served primarily by Caro Community Schools.
The student-to-teacher ratio is 15.5:1
(better than the national average of ~16:1).
Metric
Caro, MI
National Avg
School District
Caro Community Schools
—
Elementary Schools
2
—
Middle Schools
1
—
High Schools
2
—
Student/Teacher Ratio
15.5:1
16:1
Bachelor's Degree or Higher
15.8%
35.4%
High School Diploma or Higher
87.1%
91.1%
Weather & Climate
Caro sees average highs of 29.4°F in January
and 81.9°F in July,
with 34.3 inches of annual precipitation
and 41.6 inches of snow per year.
Caro's cost of living index is 90, where 100 is the national average.
That makes Caro roughly 10% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $88,200 and median rent is $731/month.
Caro's violent crime rate is 634.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1645.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Caro are operated by Caro Community Schools.
The district has 2 elementary, 1 middle, and 2 high schools.
The student-to-teacher ratio is 15.5:1. 15.8% of adults 25+ hold a bachelor's degree or higher.
Caro, MI has a population of 4,294, a median household income of $44,342, and an unemployment rate of 10.3%.
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.
Caro averages 29.4°F in January and 81.9°F in July. Annual rainfall is 34.3 inches
with about 41.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Caro, MI is covered by 1 ZIP code: 48723.
The population of Caro, Michigan is 4,294 with a median age of 40.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Caro: cost of living index 90 (100 = US average), median home $88,200, median household income $44,342, crime index 132 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Caro side by side with your current city to see the trade-offs.
