10 Wealthiest Neighborhoods in Michigan

5) Lake Angelus

Lake Angelus is Michigan’s smallest incorporated city, with 290 residents and only 1.64 square miles of land and water combined. However, because of the small amount of land available for living, its population density is higher than the Michigan average. The city is in southeastern Michigan and lies on the border of the Lake Angelus itself. The median age of its population is 55.3. The per capita income is $83,792. The city was founded in the early 1900s, when people in nearby urban areas, such as Detroit, formed a small community by the lake. The majority of Lake Angelus residents were born in the state of Michigan. Public assistance is not at all a significant portion of income for city residents—the majority of people earn salaries, and investments serve as a source of wealth for residents as well.