Caro, MI demographics:
population, income, and more

Total population
4,290
0.1% year-over-year change
Median household income
$41,595/yr
-0.8% year-over-year change
Housing units
2,099
4.7% year-over-year change

Caro population

How many people live in Caro

Caro is home to 4,290 residents, according to the most recent Census data. Gender-wise, 49.2% of Caro locals are male, and 50.8% are female.

Total population
4,290
0.1% year-over-year change
Gender ratio
Male
49.2%
2,112
Female
50.8%
2,178
Value Percent YoY change
Male 2,112 49.2% -1.9%
Female 2,178 50.8% 2.2%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Caro is 44, with the population distributed as follows: about 17.5% are children under 15, then 9.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.3% of the population, while another 25.2% fall into the 45 to 64 bracket. Finally, around 24.2% are 65 or older.

Median age
43.6
Age breakdown
Under 15
17.5%
15 to 24
9.8%
25 to 44
23.3%
45 to 64
25.2%
Over 65
24.2%
Value Percent YoY change
Under 15 752 17.5% -11.3%
15 to 24 420 9.8% -17.3%
25 to 44 999 23.3% 4.3%
45 to 64 1,080 25.2% 6.6%
Over 65 1,039 24.2% 8.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Caro, 98.4% of the population are US-born citizens, while 0.9% have gained naturalized citizenship. At the same time, 0.7% of residents are non-citizens. There’s also a share of 2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.4%
Non-U.S.-born citizens
0.9%
Non-citizens
0.7%
Value Percent YoY change
U.S.-born citizens 4,221 98.4% -0.9%
Non-U.S.-born citizens 39 0.9% 225.0%
Non-citizens 30 0.7% 130.8%
Racial breakdown
White
93.5%
Black or African American
3%
American Indian and Alaska Native
0.1%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2%
Other
1.4%
Value Percent
White 4,012 93.5%
Black or African American 129 3%
American Indian and Alaska Native 6 0.1%
Two or more races 84 2%
Other 59 1.4%

Households in Caro

A peek inside Caro households

Caro has 1,945 households, with an average of 2 members in each. Of these, 50.3% are families, while the remaining 49.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,945
5.7% year-over-year change
Average people per household
2
Non-family households
967
Family households
978
Value Percent YoY change
Non-family households 967 49.7% 7.9%
Family households 978 50.3% 3.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Caro

The housing landscape of Caro

Caro's housing consists of 2,099 units, with 70% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.4% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 5% of the housing landscape.

Housing units
2,099
4.7% year-over-year change
Housing types
Value Percent
1 unit, detached 1,470 70%
1 unit, attached 51 2.4%
2 units 64 3%
3 or 4 units 38 1.8%
5 to 9 units 163 7.8%
10 to 19 units 15 0.7%
20 to 49 units 87 4.1%
50 or more units 105 5%
Mobile home 106 5%
Homes built since 2020
0
% year-over-year change

The age of buildings in Caro

In Caro, the median construction year is 1961. About 27.2% of homes were built before the 1940s, with another 10.8% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 572 27.2% 13.7%
Built between 1940 and 1949 226 10.8% -3.4%
Built between 1950 and 1959 210 10% -7.5%
Built between 1960 and 1969 307 14.6% 0.7%
Built between 1970 and 1979 373 17.8% 16.6%
Built between 1980 and 1989 61 2.9% -40.8%
Built between 1990 and 1999 137 6.5% 22.3%
Built between 2000 and 2009 185 8.8% 10.1%
Built between 2010 and 2019 28 1.3% -12.5%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Caro occupancy rates

Out of the 1,945 occupied housing units in Caro, 64% are owner-occupied, while 36% are lived in by tenants. Meanwhile, 7.3% of all homes on the local market sit vacant.

Occupied housing units
1,945
5.7% year-over-year change
Occupancy breakdown
Renter occupied
700
Owner occupied
1,245
Value Percent YoY
change
Renter occupied 700 36% 1.7%
Owner occupied 1,245 64% 8.1%
Unoccupied housing units
7.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Caro housing costs

Housing costs in Caro come to a median of $729 per month, while tenants specifically pay a median gross rent of $753.

Median housing costs per month
$729/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Caro
$753/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Caro

Caro education at a glance

About 56% of the population in Caro went to high school, while 17.2% pursued college studies. Another 9.7% earned an associate degree and 10% hold a bachelor’s. Meanwhile, 5.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 46 1.4% 64.3%
High school diploma 1,905 56% 7.9%
College diploma 584 17.2% 6.2%
Associate degree 331 9.7% -23.7%
Bachelor's degree 340 10% 4.6%
Graduate degree 194 5.7% 20.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Caro

How much people earn in Caro

The average annual household income in Caro was $54,225 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -2% change from the previous year. At the same time, the median income stood at $41,595, reflecting a -0.8% shift over the same period.

Average household income in Caro
$54,225/year
-2.0% year-over-year change
Median household income in Caro
$41,595/year
-0.8% year-over-year change

Caro income by age

In Caro, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $42,276. Those with someone between 45 and 64 in charge, often well established professionally, earn $34,188 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $46,071, while those led by someone over 65, many of whom may be retired, have about $42,448 in earnings. Overall, 71.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $46,071 -3.9%
25 - 44 $42,276 -14.4%
45 - 64 $34,188 -15.9%
Over 65 $42,448 22.2%
Above poverty level
2,876
Below poverty level
1,161
Value Percent YoY
change
Above poverty level 2,876 71.2% -3.4%
Below poverty level 1,161 28.8% 6.7%

Average renter income in Caro

To get a better sense of what renters earn on average in Caro, their median household income was $31,056 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 29.1%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$31,056
Rent-to-income ratio
29.1%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Caro

Workforce and job types in Caro

The job market in Caro is powered by 1,433 working residents, spread across a range of industries and roles. 68.3% of the working population are employed in professional or administrative positions, while 31.7% are in hands-on or service-based jobs. Also, 2.9% run their own businesses, 75% are employed by private companies, and 11.7% work in the public sector.

Workforce demographics

Working population
1,433
-1.2% year-over-year change
White collar
979
Blue collar
454
Value Percent YoY change
White collar 979 68.3% 2.4%
Blue collar 454 31.7% -8.1%
Employer type
Self employees
2.9%
Private companies
75%
Governmental workers
11.7%
Not for profit companies
10.5%
Value Percent YoY change
Self employees 41 2.9% -55.0%
Private companies 1,074 75% 2.3%
Governmental workers 168 11.7% 16.7%
Not for profit companies 150 10.5% -9.1%
Unemployment rate
9.1%
-25.5% year-over-year change

Available workforce

The unemployment rate in Caro stands at 9.1%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Caro

How people get around in Caro

Commuting methods vary: 85.7% of residents travel by personal vehicle and 6.7% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,203 85.7% -3.8%
Bus or trolleybus 28 2% N/A
Bicycle 15 1.1% 15.4%
Walk 94 6.7% -14.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Caro by zipcode?

Zipcode Population Number of households Median income Average income
48723 11,678 4,801 $55,779 $69,822

Find your place

Explore more communities

FAQs about Caro demographics 

What is the total population of Caro?

Caro has a total population of 4,290 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.1% compared to a year ago.

What is the gender ratio in Caro?

The gender ratio in Caro is as follows:
  • 49.2% males (2,112 residents)
  • 50.8% females (2,178 residents)

What is the median age in Caro?

The median age in Caro is 43.6.

What is the age distribution of the population in Caro?

The age distribution in Caro is as follows:
  • Under 15: 17.5% (752 residents)
  • Ages 15-24: 9.8% (420 residents)
  • Ages 25-44: 23.3% (999 residents)
  • Ages 45-64: 25.2% (1,080 residents)
  • Over 65: 24.2% (1,039 residents)

What is the racial and ethnic makeup of Caro?

The racial and ethnic makeup of Caro is as follows:
  • White: 93.5% (4,012 residents)
  • Black or African American: 3% (129 residents)
  • American Indian and Alaska Native: 0.1% (6 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 2% (84 residents)
  • Other: 1.4% (59 residents)

What percentage of the population in Caro are U.S.-born citizens?

U.S.-born citizens represent 98.4% of the population in Caro.

How many housing units are there in Caro?

There are 2,099 housing units in Caro, reflecting a +4.7% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Caro and what is the average household size?

Caro has a total of 1,945 households, with an average of 2 people in each.

What is the median household income in Caro?

Caro has a median household income of $41,595, representing a -0.8% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Caro?

The employment rate is 90.9% in Caro, with a workforce of 1,433 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 68.3% (979 residents)
  • Blue-collar workers: 31.7% (454 residents)

Places of employment:
  • Self-employed: 2.9% (41 residents)
  • Private companies: 75% (1,074 residents)
  • Governmental workers: 11.7% (168 residents)
  • Not-for-profit companies: 10.5% (150 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025