Petoskey is located in Emmet county Michigan with a geographic area of 5.1 square miles. The total population in Petoskey is 5,701 with 46.9% male and 53.1% female. Children under age 5 represent 5.0% of the population, under age 18 equal 20.7% of the population and over age 65 is 19.7% of the population. The median household income is $58,197, per capita income is $44,185. There are a total of 2,572 housing units with 54.9% owner occupied. Education includes 16.0% of residents that are high school graduates and 44.6% with a bachelor's degree or higher. The average temperature in Petoskey in the summer is 65 degrees, and in the winter 23 degrees.