Petoskey is considered a Small Town with a population of 8,287 and 3,208 businesses. 24 in 2018 were added to the Petoskey Chamber of Commerce business directory which was more than 2017 which had 23.

The economy of Petoskey employs 5,395 people and has an unemployment rate of 5%. Some of the largest industries in Petoskey are Professional Services (178),Restaurants (105), and Builders & Contractors (95).