Michigan City, IN Community Information

Michigan City, IN Homes for Sale

Michigan City, IN Community Information

Population

43,309

Median Age

38.4

Median Household Income

$46,464

Households with Children

43.40%

Median Travel Time to Work

21 minutes

Michigan City, IN Real Estate Market Information

Homes Owned

64.17%

Homes Rented

26.42%

Homes Vacant

9.41%

Michigan City, IN Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

1:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Michigan City, IN School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 43,309
  • Total Male Population 21,962
  • Total Female Population 21,347
  • Population change since 2000 -6.88%
  • Median age 38.4
  • Percent of households with children 43.40%
  • Personal Crime risk 141

Transportation

  • Median travel time to work 21 minutes
  • Percent using Public transportation 1.93%
  • Percent Driving/Using Carpool 92.21
  • Percent Using Other transportation 3.04%
  • Percent Working From Home 2.82%

Education Levels

  • Some high school 16.67%
  • High school graduate 40.34%
  • Some college 20.05%
  • Associate degree 5.64%
  • Bachelor's degree 11.03%
  • Graduate degree 6.28%

Occupation

  • Agriculture, forestry, and fishing 0.31%
  • Construction 6.32%
  • Manufacturing 19.97%
  • Wholesale Trade 2.07%
  • Retail Trade 11.04%
  • Finance, insurance and real estate 4.80%
  • Services 4.42%
  • Public administration 5.04%
  • Information 1.49%
  • Professional 8.03%
  • Education 19.82%
  • Arts 11.47%

Income

  • Average household income $58,501
  • Income change since 2000 17.50%

Climate

  • Avg. January high/low temp 31.96 / 16.95
  • Avg. July high/low temp 83.32 / 62.87
  • Annual precipitation 39.10
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