The 48632 ZIP Code is associated with the city of Lake in Michigan in Clare County in the United States. The current population estimate is 5,311. About 31.6% of residents in ZIP Code 48632 are aged 62 years and older, and the region has a median age of 50.0 years. It is estimated that about 10.7% of residents in this Michigan region hold a bachelor's degree or higher, while the per capita income is approximately $21,113. Approximately 22% of the population is living below the poverty line. The median household income of this region is $35,788.
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The median household income in ZIP Code 48632 is $35,788, while the region's mean household income is $49,283. Breaking income down further, per capita income in the region is $21,113. The per capita income in ZIP Code 48632 of $21,113 is approximately 33.42% less than the per capita income in the U.S. overall of $31,713. An estimated 22.3% of the population is living below the poverty line in this region. This rate is approximately134.74% higher than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 17.8% of the population in 48632 earn $35,000 to $49,999 per year, while an estimated 16.3% earn $15,000 to $24,999 per year, and 0.2% of 48632 residents earn $150,000 to $199,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 10.8% |
| $10,000 to $14,999 per year | 7.3% |
| $15,000 to $24,999 per year | 16.3% |
| $25,000 to $34,999 per year | 14.7% |
| $35,000 to $49,999 per year | 17.8% |
| $50,000 to $74,999 per year | 15.2% |
| $75,000 to $99,999 per year | 9.4% |
| $100,000 to $149,999 per year | 6.6% |
| $150,000 to $199,999 per year | 0.2% |
| $200,000 or more per year | 1.7% |
Looking at race in the population that makes up ZIP Code 48632, 94.1% is one race, while 5.9% are two or more races. Approximately 3.2% of 48632 residents are hispanic or Latino (of any race). The most common race in 48632 (race alone or in combination with one or more other races), is White (97.9%), followed by American Indian and Alaska Native (6.3%) .
| Industry | Percent |
|---|---|
| White | 97.9% |
| Black or African American | 0.6% |
| American Indian and Alaska Native | 6.3% |
| Asian | 0.2% |
| Native Hawaiian and Other Pacific Islander | 0.5% |
| Some other race | 0.5% |
Residents of ZIP Code 48632 are older than average. The median age of 50.0 years in ZIP Code 48632 is approximately 31.23% higher than the overall median age in the U.S. of 38.1 years. About 80.4% of residents are aged 18 years and older, and 31.6% of residents are 62 years and over. Approximately 16.5% of the population in 48632 falls in the age group 65 to 74 years, while an estimated 10.7% are aged 45 to 54 years. On the low end of the scale, 3.2% of 48632 residents are aged under 5 years.
| Age Range | Percent |
|---|---|
| Under 5 years | 3.2% |
| 5 to 9 years | 8.1% |
| 10 to 14 years | 5.5% |
| 15 to 19 years | 4.9% |
| 20 to 24 years | 5.0% |
| 25 to 34 years | 9.0% |
| 35 to 44 years | 9.9% |
| 45 to 54 years | 10.7% |
| 55 to 59 years | 8.8% |
| 60 to 64 years | 9.2% |
| 65 to 74 years | 16.5% |
| 75 to 84 years | 5.9% |
| 85 years and over | 3.4% |
In ZIP Code 48632, 97.4% of the population lists "English only" as the language spoken in home, while 0.7% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 1.9% of homes, and other Indo-European languages are spoken in 0.0% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Clare County region.
| Language Spoken | Percent |
|---|---|
| English only | 97.4% |
| Spanish | 0.7% |
| Other Indo-European languages | 1.9% |
| Asian and Pacific Islander languages | 0.0% |
| Other languages | 0.0% |
Regarding the age of homes in ZIP Code 48632, an estimated 23.7% of homes were built between 1990 and 1999. Additionally, 18.3% of homes in the region were built between 1970 and 1979, while an estimated 0.4% of homes were built in 2014 or later in this Clare County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.4% |
| Built between 2010 and 2013 | 1.3% |
| Built between 2000 and 2009 | 15.2% |
| Built between 1990 and 1999 | 23.7% |
| Built between 1980 and 1989 | 12.7% |
| Built between 1970 and 1979 | 18.3% |
| Built between 1960 and 1969 | 9.0% |
| Built between 1950 and 1959 | 9.4% |
| Built between 1940 and 1949 | 5.5% |
| Built in 1939 or earlier | 4.5% |
In ZIP Code 48632, 82.6% of the population graduated high school, while 10.7% have a bachelor's degree or higher. In this region, 4.2% achieved an education level less than 9th grade, while 3.0% hold a graduate or professional degree. Approximately 37.7% in this Clare County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 4.2% |
| 9th to 12th grade, no diploma | 13.2% |
| High school graduate (includes equivalency) | 37.7% |
| Some college, no degree | 25.7% |
| Associate's degree | 8.5% |
| Bachelor's degree | 7.7% |
| Graduate or professional degree | 3.0% |
Regarding solar power potential, ZIP Code 48632 has an average daily solar radiation level of 4.58 kWh/m2/day. This is approximately 11.17% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 30.5% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 48632 | 13.62¢/kWh | 12.75¢/kWh | 8.35¢/kWh |
| Michigan | 18.57¢/kWh | 13.73¢/kWh | 8.02¢/kWh |
| United States | 16.1¢/kWh | 12.81¢/kWh | 7.81¢/kWh |
| Month | ZIP Code 48632 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 2.73 | 1.9 | 5.84 |
| Feb | 3.69 | 3 | 6.31 |
| Mar | 5.26 | 3.65 | 7.02 |
| Apr | 5.3 | 5.13 | 7.3 |
| May | 5.69 | 5.17 | 7.13 |
| Jun | 5.85 | 5.72 | 6.95 |
| Jul | 6.09 | 6.22 | 6.51 |
| Aug | 5.84 | 6.08 | 6.65 |
| Sep | 5.11 | 5.15 | 7.02 |
| Oct | 4.16 | 3.32 | 6.92 |
| Nov | 2.82 | 2.33 | 5.99 |
| Dec | 2.36 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 48632, mortgage have received the most complaints in 48632 in the past 12 months. Credit reporting or credit repair services received the second most complaints. The most frequent complaint overall in this Clare County region was applying for a mortgage or refinancing an existing mortgage.
| Complaint Product | Number of Complaints* |
|---|---|
| Mortgage | 2 |
| Credit reporting or credit repair services | 1 |
| Payday loan, title loan, or personal loan | 1 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Applying for a mortgage or refinancing an existing mortgage | 1 |
| Charged fees or interest you didn't expect | 1 |
| Incorrect information on your report | 1 |
| Struggling to pay mortgage | 1 |
In 48632, 43.5% of the population is in the labor force. Recent estimates place 3.2% as working from home, while the total labor force in the region has a mean travel to time to work of 32.9 minutes. Approximately 19.4% of the employed population 16 years and over in 48632 work in manufacturing, while an estimated 19.2% work in retail trade. On the lower end of the scale, just 0.1% of 48632 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 2.8% |
| Construction | 7.9% |
| Manufacturing | 19.4% |
| Wholesale trade | 0.7% |
| Retail trade | 19.2% |
| Transportation and warehousing, and utilities | 2.2% |
| Information | 0.1% |
| Finance and insurance, and real estate and rental and leasing | 4.2% |
| Professional, scientific, management, and administrative | 3.3% |
| Educational services, and health care and social assistance | 18.0% |
| Arts, entertainment, and recreation, and accommodation and food services | 12.6% |
| Other services, except public administration | 5.6% |
| Public administration | 4.1% |