Petoskey is located close to the center of Michigan. Petoskey is between the Emmet, Charlevoix, Cheboygan county. Petoskey has 5.09 square miles of land area and 0.20 square miles of water area. As of 2010-2014, the total Petoskey population is 5,705, which has shrunk 6.17% since 2000. The population growth rate is much lower than the state average rate of -0.50% and is much lower than the national average rate of 11.61%. Petoskey median household income is $40,161 in 2010-2014 and has grown by 19.32% since 2000. The income growth rate is much higher than the state average rate of 9.90% and is lower than the national average rate of 27.36%. Petoskey median house value is $188,800 in 2010-2014 and has grown by 56.42% since 2000. The house value growth rate is much higher than the state average rate of 3.98% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Petoskey is much better than the state average in quality. The Petoskey area code is 231.