Petoskey is a somewhat small city located in the state of Michigan. With a population of 5,846 people and three associated neighborhoods, Petoskey is the 173rd largest community in Michigan.

Petoskey real estate is some of the most expensive in Michigan, although Petoskey house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.37% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.

Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 17.12 minutes getting to work every day.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Petoskey. 52.77% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Petoskey in 2022 was $48,658, which is wealthy relative to Michigan and the nation. This equates to an annual income of $194,632 for a family of four. However, Petoskey contains both very wealthy and poor people as well.

Petoskey is a somewhat ethnically-diverse city. The people who call Petoskey home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Petoskey residents report their race to be White, followed by Asian. Important ancestries of people in Petoskey include German, Irish, English, Polish, and Italian.

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